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Weekly Update: August 26, 2021
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Breaking News
S & P still ringing up record highs, in spite of Covid, Afghanistan etc.
Is this totally driven by pent up demand in a post Covid world or ???
The S & P registering 50 or more record highs is very rare.
Here’s the latest…
Yahoo Finance
What the S&P 500 ringing up 50 record highs in 2021 says to stock-market historians
The S&P 500 index has produced 50 record closing highs so far this year, amid growing questions about how much farther stocks have to rise in the rebound phase from the COVID-19 pandemic before buckling.
MarketWatch already has noted that stocks have enjoyed a lengthy period without a drawdown of at least 5% from a recent peak.
This current series of records for the broad-market index, however, may raise some questions about the market performance after such a sequence of all-time highs.
Firstly, it’s worth noting that registering 50 or more record highs for the S&P 500 SPX, -0.44% is a relatively rare occurrence. It has happened only seven times so far, including Tuesday’s, according to Dow Jones Market Data.
However, on average the S&P 500 has delivered an annual gain of 23% in years when there were at least 50 record closes, with a median return of 21.27%.
Introducing the new: China Stock Alerts Newsletter
China 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
TOP NEWS
August 26, 2021
- China’s after-school crackdown wipes out many jobs overnight (CNBC)
- Billionaire Donations Soar in China Push for ‘Common Prosperity’ (Bloomberg)
- China to address ‘plague’ of soaring shipping rates, insufficient capacity weighing on SMEs (SCMP)
- Shipping, supply chain crunch could drag into 2022 as world economy awaits Delta variant shock (SCMP)
- Xi Jinping urges China to achieve 2021 economic, social targets while maintaining coronavirus controls (SCMP)
Read Complete Report for August 26, 2021
Corporate News-
8-25-21 Blue Water Ventures International, Inc. (OTCPK: BWVI) and joint venture partners Endurance Exploration Group (OTCPK: EXPL)
Companies Share Update on the Current 2021 Recovery Season of Steamboat Pulaski
Jacksonville, FL, Aug. 25, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Blue Water Ventures International, Inc. (OTCPK: BWVI) and joint venture partners Endurance Exploration Group (OTCPK: EXPL) and Swordfish Partners are excited to share a summer update on the recovery efforts on the SB Pulaski site off the coast of North Carolina. We have continued following the debris line discovered from the side scan sonar work completed in early June. These efforts have produced over 100 silver coins with various dates and nationalities and 32 gold coins. All of the gold coins recovered to date are US minted $5 and Quarter Dollar coins struck in the early 1830s. All coins are currently with Numismatic Guarantee Corp undergoing conservation, grading and valuation.
Blue Water recovery team will continue to work the new areas of the Pulaski site as weather permits. Keith Webb, Blue Water President and CEO, comments, “This is best start to a season we have had in a while. I am very proud of the guys pulling together and getting the job done on the Pulaski Project. It is very rewarding to see our planning come together and pay off so far this season.”
8-25-21 Can B Corp. (OTCQB: CANB)
Can B Corp. Secures Lease for 300,000 Square Foot Facility in McMinnville, Tennessee
HICKSVILLE, NY / ACCESSWIRE / August 25, 2021 / Can B Corp. (OTCQB:CANB) (‘Can B’ or the ‘Company’), a diversified health and wellness company specializing in the development, production, and sale of products containing hemp-derived cannabinoids, is pleased to announce it has acquired a lease for a 300,000 square foot facility to support the operations of its recently closed acquisition of assets from Music City Botanicals, in McMinnville, Tennessee. Can B has also acquired the right of first refusal and an option to outright purchase the facility during the term of the lease.
The facility is located halfway between Nashville and Chattanooga in central Tennessee, approximately 75 miles from each city, and a former Data Center for Litewire Data Company and police headquarters for the county of Warren, Tennessee.
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
Alternative Investments-
All kinds of buys in the hospitality Industry especially restaurant and bar properties
If you want to learn more about how to take advantage of opportunities created by the Covid crisis
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| August 26, 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 |
August 19, 2021
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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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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