THE WEEKLY.
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ISSUE 2, VOLUME 201 26th FEBRUARY 2020
BEST AND WORST STOCKS OF THE WEEK S&P/ASX 200
ASX: CWY
ASX: AMP
ASX: NWH
ASX: VEA
ASX: WTC
ASX: EML
ASX: ALU
ASX: NHC
-3.50%
20.30%
12.90%
12.00%
11.20%
-33.60%
-18.20%
-17.70%
-16.10%
SOURCE: THE MOTLEY FOOL, 25/2/2020
MAJOR CURRENCIES
-1.49%
-1.58%
-1.05%
-1.55%
+0.01%
-0.83%
-0.09%
-1.76%
FROM CEO TO FUGITIVE: NISSAN MOTOR COMPANY Our highlighted stock from the past few weeks is none other than Nissan Motor Company. Headquartered in Yokohama, Japan, the company has had its fair share of media coverage in recent months. Primarily, the press interest has stemmed from the former CEO. Now an internationally wanted fugitive, Carlos Ghosn has been missing ever since Nissan served him with a civil lawsuit demanding 10 billion Yen in compensation for the losses
induced by his “years of misconduct and fraudulent activity”. This personal scandal aside, the car manufacturer has more pressing matters at hand, falling nearly 10% in a single day to a 10-year low. The company’s Q4 report is to blame for this fall, reporting a mere 22.735 billion yen (about $207 million USD). This number is significantly lower than even the most conservative estimates for the company. In addition to the poor financial news,
Nissan has also declared that their production facility in Japan’s third largest island of Kyushu has been shut down to prevent the spread of the coronavirus, as the country has already had many confirmed cases. Source: https://www.reuters.com/article/us-nissanstocks/nissan-shares-tumble-to-ten-and-ahalf-year-low-after-earnings-rout-renault-alsosuffers-idUSKBN2080M8
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CATCH UP ON THE WEEK THAT WAS IN BUSINESS NEWS
EDITORS: MATTHEW GHAFARI & MIAD JAMALI PUBLISHED BY THE BOND INVESTMENT GROUP