OSINT Drip 6-3-2021
Economics
In spite of the latest economic data pointed to a strong global economic recovery, investors remain worried about the possibility of a prolonged period of high inflation. European Stocks Struggle for Direction European stocks fluctuated between small gains and losses on Wednesday, with Frankfurt's DAX hovering near record levels and following muted sentiment elsewhere as investors continue to monitor reopening efforts and assess the pace of inflation.
German retail sales fell by a more than expected 5.5% from a month earlier in April. The Eurozone producer inflation rose more than expected.
Italy - the eurozone's largest government bond market - and one of its riskiest, sets the tone for high-risk assets across the bloc. For now, the “Draghi effect” has helped to paper over worries about Italy’s substantial public debt of over 160 percent (!) of GDP, according to Andrea Iannelli, investment director at Fidelity International. That may be overly optimistic, Iannelli argues.
In the United States, inflation data released Friday showed a 3.6% rise in prices in April from one year ago, as energy prices jumped 25%.
As of last Thursday, 25% of gas stations in South Carolina were still experiencing fuel outages, along with 22% in North Carolina and 12% in Florida, according to GasBuddy data.
Look for the firms that are connected to Dogecoin in the network (guide on how to read ) to move in sequence in some manner. They are colored by sentiment. Green = Positive, Yellow Neutral, and Red = Negative.
Markets - Massive Profits and Cyber Crime..
SoftBank Group has reported a record $36.99 billion U.S. quarterly profit. The record profit was the result of a fourth-quarter investment gain on e-commerce firm Coupang’s stock by SoftBank’s Vision Fund and comes after a loss a year earlier.
Market enthusiasm for technology stocks drove the public listing of SoftBank-backed Coupang and used-car trading platform Auto1 Group during the most recent quarter, as well as the rising share price of ride-hailing firm Uber.
JBS, the U.S.'s No. 1 beef producer, said some of the servers in its North American and Australian IT systems were affected. JBS’s five biggest beef plants in the U.S. -- which altogether handle 22,500 cattle a day -- have halted processing following a weekend attack on the company’s computer networks, according to JBS posts on Facebook, labor unions, and employees.
JBS accounts for 23 percent of America’s beef capacity, ahead of Tyson Foods’ 22 percent stake and nearly 20 percent in pork capacity, Bloomberg reported.
According to company filings, JBS USA's beef, pork and poultry divisions had net revenue of about $40 billion (€33 billion) in 2020.
Pork processors slaughtered 390,000 hogs, down 20% from a week ago and 7% from a year ago.
The JBS situation may trigger USDA’s 3-70-20 rule, in place to protect large entities from having to report prices if there aren’t enough market participants.
Stocks to move in the following weeks/days
Gritstone bio (NASDAQ:GRTS)
IPG Photonics (NASDAQ: IPGP)
General Electric (NYSE: GE)
Sol Gel Technologies (NASDAQ:SLGL)
Athenex (NASDAQ:ATNX)
SunPower (NASDAQ:SPWR)
Leon’s Furniture Ltd (TSE:LNF)
Turning Point Brands (NYSE:TPB)
A note on prior stocks we’ve picked.
Thus far, we have identified thirteen equities via our process that showed potential for strong price action. At the close of trading on May 28, 2021, ten of those thirteen equities had positive returns, eight had outperformed the S&P 500 over the same period, and six had returned over 10%. Based on our analysis, a 10% move in the first two weeks is a reasonable upside target, and those gains should be protected aggressively via stops. An equally weighted portfolio of these equities returned 4.27% over the two-week period.
We hope you find the intelligence helpful. Please reach out at hello@bridgeci.co with questions or suggestions. Prior OSINT Drips are below.