Weekly Update: August 19, 2021
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Is Labor day another turning point in the markets like it has been the last three years or???
Everyone knows there is always a summer doldrum to deal with but all the bad news on Covid and world peace is already baked in we’re still seeing solid performance in the markets which historically have been a precursor of good times to come economically.
Labor Day has been a turning point in markets the last three years. Here’s what one strategist sees happening next.
Summertime markets can be a bit dysfunctional. Last week, for example, the top two sectors were the classically defensive utilities, and the highly cyclical materials. The total market volume on the New York Stock Exchange and the Nasdaq on Tuesday was 59% below the peak of the year, and 19% below the year’s average.
Tavis McCourt, institutional equity strategist at Raymond James, points out the last two years, there was a big value and cyclical bias in stock markets after Labor Day, and in 2018, markets basically collapsed after the summer drew to a close. “We believe as the chase for the end of the year begins, a renewed value/cyclical outperformance is likely along with higher 10-year Treasury yields, but like it has been for the past 18 months and will be for the foreseeable future, the virus is the boss,” he says.
Introducing the new: China Stock Alerts NewsletterChina Stock Alerts provides timely information on China and the Chinese companies listed in the US on our website and daily newsletter. Please SUBSCRIBE for our daily newsletter, which is sent out before the market opens and features previous day gainers and losers, market and company specific news, and an updated calendar of earnings.
China Stock Alerts
August 19, 2021
- China Dip Buyers Finally Reach ‘Breaking Point’ After 56% Loss (Bloomberg)
- Tencent Warns of More China Tech Curbs After Growth Sputters (Yahoo!)
- Selling Luxury Goods in a More Socialist China Becomes a Problem (WSJ)
- China shipping: container disruptions inevitable at Ningbo-Zhoushan Port, but impact may be ‘marginal’ (SCMP)
- China population 2021: births may drop to lowest on record, Jefferies Financial Group analysis shows (SCMP)
Read Complete Report for August 19, 2021
8-17-2021 Antibe Therapeutics Inc. OTC ATBF (TSXV:ATE)
Antibe Therapeutics Reports Q1 2022 Interim Financial and Operating Results
TORONTO, August 17, 2021–(BUSINESS WIRE)–Antibe Therapeutics Inc. (TSX:ATE, OTCQX:ATBPF), a clinical stage company leveraging its unique hydrogen sulfide platform to develop safer medicines for pain and inflammation, has filed its financial and operating results for the fiscal quarter ended June 30, 2021.
“We made progress across all activities during the quarter,” commented Dan Legault, Antibe’s CEO. “However, subsequent to the quarter, we placed otenaproxesul’s AME study on a required pause because a pre-specified safety threshold was exceeded.
8-18-21 Perpetual Industries, Inc. (OTC: PRPI)
Perpetual Industries Continues Strong Growth in Second Quarter 2021
AUBURN, Ind., Aug. 18, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Perpetual Industries Inc. (OTCMARKETS:PRPI) (“Perpetual” or the “Company”), an incubator for the development of new and innovative energy-efficient technologies and products, is pleased to announce the highlights of its financial and operating results for the second quarter ended June 30, 2021.
Second Quarter 2021 Highlights for Six Months Ending June 30, 2021:
- Revenues of $2,678,361 recorded.
- Gross profits of $1,102,822 recorded.
- Cash recorded of $1,605,259, an increase of 172% over year ending December 2020.
- Total current assets recorded of $2,404,817, an increase of 272% over year ending December 2020.
- Cash flow increased to approximately $1,605,259, an increase of 505% over a 6-month period ending June 30, 2020.
8-19-21 Can B Corp. (OTCQB: CANB)
Can B Corp. Strengthens Its Vertical Processing Capabilities With Acquisition of Assets From Music City Botanicals
HICKSVILLE, NY, Aug. 19, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Can B Corp. (OTCQB: CANB) (“CAN B” or the “Company”), diversified health and wellness company specializing in the development, production, and sale of products containing hemp-derived cannabinoids, is pleased to announce its acquisition of assets, including equipment, inventory, and intellectual property, from Music City Botanicals LLC (“MCB”), based in McMinville, Tennessee. The lab and equipment will be used for isomer (Delta-8- CBD- CBG) operations. The assets have been placed in CANB’s newest wholly-owned subsidiary TN Botanicals, LLC and expects to begin operations immediately.
8-9- 2021 Antibe Therapeutics Inc. OTC ATBF (TSXV:ATE)
Antibe Therapeutics to Present at Canaccord Genuity 41st Annual Growth Conference
TORONTO, August 09, 2021–(BUSINESS WIRE)–Antibe Therapeutics Inc. (TSX: ATE, OTCQX: ATBPF), a clinical stage company leveraging its hydrogen sulfide platform to develop next-generation safer therapies for a wide range of inflammatory conditions, today announced its participation in the Canaccord Genuity 41st Annual Growth Conference being held virtually on August 10 – 12. Dan Legault, Antibe’s CEO, and Dr. Joseph Stauffer, Chief Medical Officer, will deliver the Company’s presentation:
7-29-21 Can B Corp. (OTCQB: CANB)
Can B Corp. Partners with Group of Professional Hollywood Stuntmen and World Champion Action Sports Athletes for CBD Products, Expects to Launch New CBD Brand by End of Summer
HICKSVILLE, NY / ACCESSWIRE / July 29, 2021 / Can B Corp. (OTCQB:CANB) (‘Can B’ or the ‘Company’), a diversified health and wellness company, is pleased to announce a partnership with a company expected to market select existing Can B Corp. CBD products and launch a new CBD brand by the end of summer. The entity consists of a group of Professional Hollywood Stuntmen and World Champion Action Sports Athletes.
The group of Professional Hollywood Stuntmen list the following film credits: Breaking Bad, The Hunger Games, The Twilight Saga, Ant-Man, Jason Bourne, Fast and Furious, Furious 7, Better Call Saul, The Expendables, Mulan, and many more.
7-27- 2021 Antibe Therapeutics Inc. OTC ATBF (TSXV:ATE)
Antibe Therapeutics Provides July 2021 Corporate Update
– Phase III preparations proceeding well; AME study underway
– New IP in development to expand indications and bolster existing pipeline
– Potential listing on senior U.S. exchange synchronized with first Phase III trial
To our shareholders,
Our achievements in the last twelve months have set the stage for a promising year ahead. With a cash position that provides more than two years of runway and fully funds the initial Phase III trial, we are adding value through comprehensive clinical development, ongoing partnering engagement and multi-pronged intellectual property (“IP”) advancement.
Otenaproxesul’s Clinical Development on Track
With the U.S. FDA’s recent clearance of otenaproxesul’s Investigational New Drug (“IND”) application and the requisite animal toxicology studies now complete, the receding COVID-19 pandemic is enabling us to solidify plans for our first Phase III trial. Involving approximately 750 patients, this efficacy trial is planned for
7-27-21 Perpetual Industries, Inc. (OTC: PRPI)
Perpetual Industries Announces the Denny Kannenberg ‘Kannonball’ Collection Auction, Hosted by Worldwide Auctioneers, a Wholly Owned Subsidiary, and Presented by Gas Monkey Garage and Richard Rawlings, Showcasing one of the Most Significant Motorcycle Collections to Ever Come to Market Along With an Eclectic Offering of Collectible Vehicles
AUBURN, Ind., July 06, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Perpetual Industries (OTCMARKETS: PRPI) is pleased to announce that its wholly owned subsidiary Worldwide Auctioneers will host The Denny “Kannonball” Kannenberg Collection Auction at its Indiana headquarters this September. The all no-reserve auction will be presented by Gas Monkey Garage and Richard Rawlings and features the lifetime collection of celebrated flat track racer Denny “Kannonball” Kannenberg. This sale will showcase one of the most significant motorcycle collections to ever come to market.
Read Complete Release
All kinds of buys in the hospitality Industry especially restaurant and bar properties
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|August 19, 2021 |
COMPANY QUOTES, LISTINGS RESEARCH AND NEWS
Antibe Therapeutics, Inc (ATBPF) Profile 11/11/2018 News
AzuerRx Biopharma, Inc. (AZRX) Profile 7/11/2019 News
Can B Corp (CANB) Profile News
Cavitation Technologies, Inc. (CVAT) Profile 8/22/2019 News
Endurance Exploration Group, Ltd (EXPL) Profile 03-26/19 News
Guangdong Land Holdings Limited (124) HK Profile 6/6/2019 News
H-Source Holdings, Ltd (HSCHF) Profile 4/9/2019 News
Summit Wireless Technologies, Inc. 06/04/19
Social Reality, Inc. (SRAX) Profile 02/05/19 News
Apollo Future Mobility Ltd. (HK 0860) Profile 2/23/2020 News
ValuEngine Weekly Report
By: Herb Blank
Cap-Weighted vs. Equally Weighted S&P 500 ETFs – Which is Better?
Research Affiliates and Dimensional Fund Advisors have been among the esteemed research and investment firms proclaiming that equally weighted portfolios will deliver superior performance to portfolios weighted by market capitalization also known as cap-weighted. This article explores to what extent that has been true in recent years.
IVV is the iShares S&P 500 Index ETF. RSP, part of the INVESCO family, is an ETF holding the identical 500 stocks but with equally weighted positions. We begin our comparison January 1, 2004, the first full year that RSP was in existence and complete the analysis with the end-of-day prices of the ETFs on June 30, 2021. For an investor, these numbers reflect realizable returns. Indexes themselves are not directly accessible, so these ETFs are used instead.
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SMM Research Partners
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Event Calendar Updates
Not Surprisingly many conference events are cancelled or postponed- but are now getting back in action.
LD Micro Main Event
October 12-14 Los Angeles.
This conference will be held physically again. See details from LD Micro below
It will be capped at 150 companies and 600 people. Just to put things in perspective, we did 294 companies and 1,600+ individuals back in December of 2019.
We will have some safety protocols in place for everyone involved, especially on the food side of things. I just believe it’s time, and can’t wait to host everyone again.
Here are the details:
LD Micro Main Event (XIV)
Date: October 12-14
Location: Luxe Sunset Bel Air
Check the website for updates:
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