Alphabet Inc. (NASDAQ: GOOG) is acquiring 27million shares of JD.com Inc. (NASDAQ: JD) at a price of $40.58 per ADS (each ADS is equal to two shares), a premium to yesterday’s closing price of $39.18. This deal will provide JD with cash to expand its logistics capabilities, and the two companies will work on initiatives that combine Google technology with JD’s existing infrastructure. The market ended an abbreviated Tuesday session on a disappointing note, falling victim to a late tech-led sell off. The S&P 500 ended lower by 0.5%, closing near its worst mark of the day and dropping about six points below its 50-day moving average. The Dow (-0.5%) and the Nasdaq (-0.9%) also slid, but the small-cap Russell 2000 added 0.3%.
Stocks got off to a good start on Friday but gave back nearly everything during the final hour of trading. The S&P 500 was up 1.0% at its best mark of the day, but ended with a gain of just 0.1%, closing a tick above its 50-day moving average. The Nasdaq also added 0.1%. The Dow climbed 0.2%.
In our ongoing series of Alternative Investment Seminars, we are educating people about different forms of investments. This week we hosted the "Investing in precious gems" Seminar where we learned all about investing in Diamonds and other precious stones from our expert GIA gemologist Nicolas Jouvenceau. We wish to thank Nicolas for thoroughly explaining all the main characteristics that make precious gems an excellent investment choice, and detailing what to look for and how to properly invest in precious gems. O&G Capital would like to thank everyone who attended our financial planning seminar. We discussed this very important skill, and provided information to set the groundwork for a successful financial future. The first step in the right direction is to get the facts, and it is our goal to share this information with those who are ready to learn. The junior gold miner ETF has gotten too big for its own good; The inflow of money has created a serious problem for GDXJ; It simply has too much capital in proportion to its limited market space (Exhibit 1) The ETF's index is making changes that will cause performance to drag, and its mission to creep. • A backdoor Roth IRA allows you to get around income limits by converting a Traditional IRA into a Roth IRA.
• Contributing directly to a Roth IRA is limited if your income is beyond certain limits, but there are no income limits for conversions. • The amount of Roth IRA contributions is normally limited, but a backdoor Roth IRA has no limits on the amount of the conversion. Real estate in China has experienced astonishing expansion during the recent years, and many factors have helped push prices 10% higher this past year. shows the surge in prices: How long are these increasingly rising prices sustainable? The Chinese government has taken multiple steps to stem prices. In the past few years, the government has enacted laws to set home price ceilings, second home purchase restrictions, slowdowns in bank lending, and have vastly increased the supply of government-subsidized houses. The most recent plan is a steep new tax on home sellers of up to 20%. March 1st: Signs of weakness China PMI shows manufacturing activity shrank for a second straight month. 2015 GDP growth target is set at 7%, the lowest in 11 years. China’s new model focuses on quality of economic growth over quantity of economic growth. The Chinese Renminbi has been on the news a lot lately, both positively and negatively. The surprise devaluation in August shocked markets worldwide, while the inclusion of the RMB in the basket of international reserve currencies (Special Drawing Rights) of the International Monetary Fund was received on a more positive note. In this first part we will discuss the history of the people’s currency. |
About the O&G Research TeamThe O&G Research Team publishes insights on the global markets. Our research scope ranges from the US to China. Categories
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