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Weekly Update: July 29, 2021
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Breaking News-
With the economy growing at 6.5% last quarter and consumer spending strong so comes worries about inflation.
With new Pandemic worries and a big rise in new cases, who knows where the stock market goes from here.
A lack of semi-conductors hampers manufacturing in many sectors and China making dramatic announcements that crush the valuations of some Chinese public companies there is no shortage of uncertainty.
Might be a good time to take profits and sit on the sidelines for a bit.
WASHINGTON (Reuters) – U.S. consumer spending rose more than expected in June as vaccinations against COVID-19 boosted demand for travel-related services and recreation, but part of the increase reflected higher prices, with annual inflation accelerating further above the Federal Reserve’s 2% target.
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rebounded 1.0% last month after dipping 0.1% in May, the Commerce Department said on Friday.
Nearly half of the population has been vaccinated against COVID-19, allowing Americans to travel, frequent restaurants, visit casinos and attend sporting events among services-related activities that were curbed early in the pandemic.
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
July 29, 2021
- China Prepares New Anti-Sanction Laws for Hong Kong and Macau (WSJ)
- China State Media Seeks to Calm Investor Nerves After Stock Rout (WSJ)
- Private equity firms to scramble for exit after China’s new tutoring rules (Reuters)
- Beijing Crackdown Sparks Record Slide for Chinese Stocks in U.S. (Bloomberg)
- China’s domestic brands boom, fueled by nationalism, with Li-Ning, Anta standing out from the crowd (SCMP)
Read Complete Report for July 22, 2021
Corporate News
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
6-25- 2021 Antibe Therapeutics Inc. OTC ATBF (TSXV:ATE)
Antibe Therapeutics Collaborates With Dalriada Drug Discovery to Accelerate Pipeline Expansion
Enables rapid advancement of multiple drug discovery programs to exploit hydrogen sulfide platform in new disease areas
TORONTO, June 25, 2021–(BUSINESS WIRE)–Antibe Therapeutics Inc. (TSX: ATE, OTCQX: ATBPF), a clinical-stage company leveraging its unique hydrogen sulfide platform to develop next-generation safer therapies to target inflammation in a wide range of health conditions, today announced a strategic collaboration with Dalriada Drug Discovery to develop new drug candidates and fortify Antibe’s intellectual property (“IP”) position for its current pipeline.
6-24-21 Perpetual Industries, Inc. (OTC: PRPI)
Perpetual Industries Outlines Unique Offering Planned for the Car Collection Community – Strengthening Its Portfolio by Including Worldwide Auctioneers and AutoGrafic Software System Designed to Provide Auto Collectors, Enthusiasts, Restorers and Lovers with an Interactive and Connected Experience
AUBURN, Ind., June 24, 2021 (GLOBE NEWSWIRE) — via InvestorWire — In a strategic move to strengthen its portfolio, including its recently acquired Worldwide Auctioneers, as well as team leadership, Perpetual Industries Inc. (OTC: PRPI) completed its acquisition of the AutoGrafic Software System earlier this year (https://ibn.fm/PcJiX). PRPI is looking to create a unique offering in the world of collector cars by bringing Worldwide Auctioneers and the AutoGrafic Software System together in a synergistic offering designed to provide auto collectors, enthusiasts, restorers and lovers with a more interactive and connected experience (https://ibn.fm/YzFTj).
6-23-21 Blue Water Ventures, Inc. (OTCPK: BWVI), Endurance Exploration Group, Inc. (OTCPK:EXPL)
New Sonar Survey Discovers Large Unsalvaged Sections of SB Pulaski, 1838
Jacksonville, FL, June 23, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Project partners Blue Water Ventures, Inc. (OTCPK: BWVI), Endurance Exploration Group, Inc. (OTCPK:EXPL), and Marex International, Inc. are pleased to announce the start of the 2021 Recovery season on the SB Pulaski-1838.
The M/V Blue Water Rose was deployed off the North Carolina coast in early June with specialized high resolution side-scan sonar equipment and tasked with conducting an intense, high resolution sonar imaging survey of the areas near the project’s most recently salvaged site of the SB Pulaski. The mission, led by project managers Mark Martin and Rodney Grambo, has now located and inspected several dozen additional debris fields believed associated with the SB Pulaski sinking. The debris, which includes large sections of the ship’s machinery and contents, is scattered along a drift-line of several miles. Most importantly, a new section of the wreck, believed to be the elusive stern section which has evaded us for several years, is now believed to have been located. This section includes what appears to be an approximately one-hundred-foot section of the ship’s wooden keel, and a very large concentration of shipwreck artifacts and material. The SB Pulaski’s stern section sank approximately one hour after the ship’s boilers exploded causing the ship to break into two pieces, spilling her machinery and contents while the two ship’s sections continued to float until sinking.
6-18-21 Greenridge Global Securities Issues Update
Apollo Future Mobility Group, Ltd. [HKSE: 0860]
Maintaining Buy Rating andTarget HK$1.50
Shift In Inverter Model Should Yield Higher Profits Starting In 2023
H1:21 Results Driven By Jewelry & The Ideenion Closing. AFMG reported first half Revenue of HK$241.1 million, beating our estimate due to much higher legacy Jewelry sales. Two IEs were delivered during the period, as expected, however Outsourced Engineering Revenue was weaker due to COVID-related delays and the Jinpeng business being booked through Ideenion, which only had roughly one month included in the period. Operating expenses were higher than expected, at HK$267.6 million, due primarily to HK$106.8 million in non-cash stock-based charges. Losses from JVs and Associates totaled HK$22.9 million. Net Loss for the period was HK$201.8 million.
Operations & Model Update. We made a number of significant changes to our model. We continued to spread out deliveries of the initial IE deliveries and pushed out EVO deliveries by six months, but added in 10 additional IE Roadster units to be delivered in the next 18 months. We also adjusted the Inverter from a license model to a product sale model, which had a significant impact on the model. Switching from a license model to an OEM model, including partnering with a European motor manufacturer for the electric motor, will push out Revenue for this product and reduce the gross margin. However, the Revenue and Net Margin from this product should be higher as compared to what the license model would have produced. We expect there will be immediate demand from OEMs to test the Inverter/Electric Motor later this year. We also made reductions to the Jinpeng JV due to COVID-related delays. The timing of EVO deliveries, Jinpeng sales growing, and commercial orders for the Inverter set up 2023 to be a big year for AFMG, and all of this still excludes the Shanghai JV, which could potentially deliver more than 1,000 Apollo-branded EVs in 2023; we will continue to hold off adding this to our model until greater detail is provided on the structure and plan for the proposed JV.
6-14-21 SRAX, Inc. (NASDAQ: SRAX)
SRAX Releases the 1×1 Meeting Feature on the Sequire Virtual Events Platform
LOS ANGELES, Jun 14, 2021–(BUSINESS WIRE)–SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, has announced the release of its 1×1 Meeting Feature in the Sequire Virtual Events Platform. This new addition will allow companies to connect with existing and potential shareholders on an individual basis during an event.
The new 1×1 feature is an addition to Sequire Audience, a tool that allows companies to launch their earnings calls, shareholder meetings and other customizable events.
6-11- 2021 Antibe Therapeutics Inc. OTC ATBF (TSXV:ATE)
Antibe Therapeutics makes presentation on latest developments on the LD Micro Virtual Conference
Login here to listen to the recorded presentation:
https://ldmicrojune2021.mysequire.com/
6-3- 2021 Antibe Therapeutics Inc. OTC ATBF (TSXV:ATE)
Antibe Therapeutics Announces Close of Amalgamation Transaction to Unify Intellectual Property Ownership
Antibe Therapeutics Inc. (“Antibe” or the “Company”) (TSX:ATE) is pleased to announce that, further to its press release dated May 7, 2021, the Company has completed its previously announced amalgamation transaction (the “Transaction”) to combine Antibe with Antibe Holdings Inc. (“Holdings”). Antibe was founded with an exclusive intellectual property license from Holdings to develop and commercialize the Company’s pipeline drugs. The license obligated the Company to pay royalties to Holdings on revenues derived from this intellectual property. Pursuant to the Transaction, the Company has acquired full ownership of Holdings’ patent portfolio, eliminating the royalty liability on future revenues.
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| July 29 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 |
July 20, 2021
ValuEngine Weekly Report
By: Herb Blank
How does DEF stack up against Consumer Staples ETFs?
About a month ago, this blog profiled the defensive qualities of the three largest ETFs representing the US Consumer Staples Sector. One of our readers asked a logical question. How did DEF, the Invesco Defensive Equity ETF, stack up against the sector ETFs? After all, its objective of its rules-based methodology is to select companies that potentially have superior risk-return profiles during periods of stock market weakness while still offering the potential for gains during periods of market strength.
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