The chart below shows the countries with the fastest and slowest internet. Singapore has the fastest internet followed by Hong Kong and South Korea. The U.S. ranks #9. The slowest internet speeds are in countries like Yemen, East Timor, etc.
Click to enlarge
Source:RFE/RL
The Biotech sector used to be red hot a few of years ago with stocks in the sector soaring to astonishing levels. However investors’ attraction towards the sector waned in more recent years due to various factors including political pressure on high cost of drugs produced by biotech firms. This year investors’ enthusiasm for biotech stocks seems to be picking up again.
Currently over 600 biotechs trade on the NASDAQ. Newer innovative companies come to the market all the time. Next week three companies are planned to launch their IPOs on the NASDAQ.
The three companies slated to go public are :
1.Peloton Therapeutics
Ticker: PLTX
2.Bicycle Therapeutics Plc
Ticker: BCYC
3.Ideaya Biosciences, Inc.
Ticker: IDYA
Note: The above tickers will be active on the 1st day of trading
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Disclosure:No Positions
I have written many times before about the power of compounding. For example, even when dividend yields are small at say 2% reinvesting any dividends received over many years will multiple the yield many times over with compounding. I came across the a thoughtful piece on the magic of compounding by Richard C. Young at Young Research. From the article:
Here’s an excerpt: “As each rate of return doubles, your profit more than doubles. When you compound at 2% for 20 years, your profit is 2.2X your profit when compounding at 1%. And when you compound at 8% for 20 years, you have more than 3X the profit that you do when you compound at 4%. Double your return again, which is admittedly unrealistic over a 20-year period, and your profit is 5X your profit when compounding for 20 years at 8%.”
That logic doesn’t only apply to dividends, but it illustrates well the benefits of higher yields. On the chart below, you can see the differences in profit as returns move from 2% to 4%, and from 4% to 8%. It is astonishing how your money will pile up when given time to compound.
Source: Avalanche! It Is Astonishing How Your Money will Pile Up, Young Research
As clearly demonstrated above, the effect of compounding cannot be understated.
The BSE S&P/SENSEX index of the Indian equity market reached an all-time high of over 39,000 in April. Since then it has drifted downwards and closed at 37,462 on Friday. The market is highly anticipating the results of the General Elections currently in progress. The election was held in multiple phases and after the final phase, votes will be counted on May 23rd and results will be announced the same day. The current Prime Minister Modi has a pretty good chance of winning as the opposition Congress party is disarray without a charismatic leader and vision. Either way global investors are keeping a watchful eye on Indian equities as election results day is fast approaching.
The below charts show the performance of the Sensex year-to-date and 5 year period.
Sensex return – YTD:
Click to enlarge
Sensex return – 5 Years:
Source: Google Finance
The complete list of India ADRs trading on the US markets can be found here.
The complete list of India ETFs trading on the US markets can be found here.
