My online health investment so far has been Teladoc, which is acquiring Livongo. Saw a recent Barron’s article about Cathie Wood of Ark Investments – who seems very keen on telemedicine – the same view as Beth Kindig. So the very recent new issue of American Well (AMWL) looked interesting, and now that the stock has pulled back from its post IPO high, I have bought a holding to add to this sector.
Inphi, bought a few months ago, is being acquired by Marvell Technology for cash and stock. If I cash in this profit the sale proceeds could go into Marvell. There seems to be a merger boom in the semis – Nvidia is buying Arm from SoftBank – AMD is buying Xilinx – now this (smaller) deal.
Noticed that U.K. income funds – where I used to invest – have been selling big oil. Although I hold some Glaxo, I can’t get very enthusiastic about funds whose top three holdings are BAT, Rio Tinto, and Glaxo. Big oil share prices reflect how traders see the U.S. Election – remain weak under Democrats, short term rally under Republicans.
Since I bought Glaxo the price has been falling so I averaged to take advantage of the near 6% dividend yield.
Crown Castle – a U.S. REIT that owns 4G and 5G infrastructure – has also gone into portfolios now that the dividend has been increased – the dividend yield is 3.4%. The company just focuses on the U.S. unlike some competitors. As 5G phones start to be widely owned the towers and boxes are pretty essential.
CrowdStrike is a cyber security company which has had a few past successes. Cyber security is a marketplace that looks a bit overcrowded, so just started a small holding here. Speaker Pelosi and her husband recently acquired 5,000 shares costing USD 650,000 – I somehow doubt that either of them know much about cutting edge technology ! So my guess is that plenty of work will be given to the company by government agencies.
When I reviewed investments yesterday there were a few stocks that I should have bought but have now run away. As I don’t own any retailers apart from a U.K. supermarket company Morrison’s – which seems to be going nowhere – I started a holding in Shopify – one of the new generation of retail disrupters.
I continue to search for interesting investments, but they are not easy to find in this Covid world.