Podcast: The Case for Investing in Salmon
What investors will be watching as Uber reports earnings today. More California homeowners could lose their insurance. And why you might want to consider investing in salmon.
3 numbers to help you navigate the market—in just two minutes.
Three numbers to start your day:
—each year. And most of the U.S. market is supplied with farmed salmon. How to invest in salmon? Look to Norway, the Northern European country that dominates global salmon farming. The Norwegian company Mowi and other leading producers are publicly traded.
Salmon is, of course, relatively expensive. But consumer demands are shifting in its direction. As David Marcus, a fund manager put it in this weekend’s Barron’s: “As the world gets wealthier, people want to eat healthier and that means more salmon.”
—in the third quarter. The ride-hailing company reports earnings after the market close today. So far, Uber Technologies Inc. (UBER) has had a tough time as a public company – its stock trades around $31 a share, down from its IPO price of $45.
The problem, of course, is that Uber loses money. Lots. of. Money. Investors will be watching for signs that the company can show a path to profits. That likely means cost-cutting and a bigger focus on businesses like Uber Eats.
—to California homeowners to cover their losses from wildfires in 2017 and 2018. And the cost of wildfires is rising. That’s likely to make it harder—and in some cases, impossible—for homeowners in California to insure their homes.
After big payouts from 2017 and 2018, insurers declined to write policies on tens of thousands of homes in high-risk areas. With big fires raging right now, total damages are likely to keep rising—and with it, the number of homes left uninsured because insurance companies won’t touch them.
Numbers by Barron’s is our daily podcast. Find out more here.
Write to host Ben Walsh at email@example.com