Today we are watching…
1. Samsung (#samsng)
We’ve still got no idea what happened to Kim Jong Un in critical condition in hospital, but he’s certainly back with a bang now. He’s blown up an inter-Korean Liaison Office, which handles relations between the north and south. The move stopped the South Korean market rally dead in its tracks and clipped South Korea’s currency, but it’s hard to ascertain if things would escalate to all-out war. If bullets start to fly, US defense companies like Lockheed Martin and Raytheon Technologies will see their stocks bounce, but South Korean assets will plummet.
2. Nikola (#nkla)
Nikola shares multiplied six-times in value in their five minutes of trading when the electric truck company went public, but the controversies have already started. Trevor Milton, CEO, is under fire for potentially overstating what his Nikola One truck can do. The big reveal recently was filled with flashing lights and big promises, but it never shifted into first gear, instead pushed onto the stage. It’s funny that if Nikola does start delivering trucks in the next three-and-a-half years, it’s stock will probably multiply in value again, despite the fact that a few deliveries don’t change the economy position a great deal. As Milton, says, it’s about mental milestones!