My 3 best investment ideas from January 2020 and what I’d do about them now
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To know where we are going, it’s often instructive to look at where we are coming from. And this applies to investments as well. In this spirit, I took a look back at the stock ideas I had this month one year ago. Here are three of my best:
#1. Fevertree Drinks: US market gains
AIM-listed
Fevertree Drinks (LSE: FEVR) was one stock I was gung-ho about. At the time the tonic-water manufacturer’s share price had crashed by a resounding 27% following a weak trading update.
Thankfully, Biden s inauguration has taken place without any repeat of the violence seen earlier this month.
Investment experts believe that under Biden s presidency, the wind is set fair for more Washington spending and a return to growth when the US exits the pandemic. But is now the time for UK investors to invest in US stocks?
Since the Republicans position themselves as the party for business, some think that a Democrat presidency will be worse for the stock market.
A new era: Many experts believe President Biden s administration will usher in policies to boost the US economy to help it recover post-Covid
Buyout fund Carlyle to swoop for Cambridge RuneScape studio Jagex
Exclusive: The $230bn fund is closing in on the Cambridge studio
Jagex develops the Runescape game series
US private equity giant Carlyle Group has snapped up a majority stake in the Cambridge games studio behind the hit online video game Runescape.
Jagex, a games developer with more than 450 employees, had revenues of £111m last year and profits of £49m on the back of its fantasy online role playing game.
The value of the deal is expected to be more than the $530m (£390m) paid for Jagex when it was acquired from its previous Chinese owners by a US holding company last year. A deal is expected to be announced in the coming days.
Kenya taps Sh1.3bn US fund for workers’ rights ahead of new trade deal
Thursday January 21 2021
By BRIAN NGUGI
Summary
Kenya is set to benefit from a Sh1.29 billion US government fund meant to improve compliance with international labour standards in key export sectors ahead of a new trade deal with Washington.
The US Department’s Bureau of International Labor Affairs (ILAB) said Kenya is among three African countries picked for the grant alongside the Democratic Republic of the Congo (DRC) and one other unnamed nation.
The move comes as Kenya stepped up talks for a new trade deal with Washington before the expiry of the Africa Growth Opportunity Act (Agoa).