FT News Briefing The stock winners and losers half way through the year
Jul 26, 2021
The international community reacts to Cuba's military crackdown, with responses from Mexico, Russia, and Spain. Meanwhile, Nasdaq is restructuring its private market strategy, eyeing the trend of companies remaining private. The podcast delves into a lively stock picking contest where amateurs face off against seasoned pros, featuring unexpected winners and intriguing performances. Participants analyze the impacts of their stock selections, including popular names like Tesla and GameStop, revealing the unpredictable nature of market investments.
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International Response to Cuban Protests
- Cuba's civil unrest stems from shortages of work, money, and food, leading to the largest anti-government protests in decades.
- International responses vary, with the US imposing sanctions while Mexico and Russia offer aid.
Nasdaq's Private Market Spinoff
- Nasdaq is separating its private share market into a new unit, partnering with firms like Goldman Sachs and Morgan Stanley.
- This aims to capitalize on the growth of private markets and potentially increase access for ordinary investors.
FT Stock Picking Contest
- The FT's annual stock-picking contest reveals that both amateurs and professionals can experience unexpected outcomes.
- Mark Filippino's long position on International Paper, based on increased cardboard use from deliveries, performed well.