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Today we are watching…
1.ย IAG (#iag)
The International Airlines Group owns a long list of both budget and long-haul carriers. This is an industry thatโs struggled recently with rising fuel costs and, for IAG in Europe, routes after Brexit. In the case of a โno-deal,โ IAG would need the majority of its owners to be European to continue flying freely. That means plenty buying and selling of the stock, so expect to see it pinball as the clock ticks on Brexit.
2. Denso (#denso)
This Japanese subsidiary of Toyota has its hands in a range of markets, from auto parts that keep cars safe, to industrial machinery. Denso is flying in the face of all the worrisome news about growth and trade, by putting $300 million towards a new Chinese plant. Additional investments into Uber signal a contrarian approach to staying relevant as electricity surges into the automotive world. Compelling company, compelling stock. Itโs on our watch list!
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