Giving Thanks for Huge Profits: Weekly Top Performer
Today, markets were incredibly quiet heading into the American Thanksgiving holiday tomorrow (markets will be closed Thursday, and only briefly open on Friday). Some investors took their profits after broad gains yesterday, and most major indexes were close to neutral or slightly down.
While solid weekly job numbers provided some momentum, sagging durable goods orders also provided some headwind.
Heading into the holiday, we “give thanks” for our top gaining stock play of the week.
Global Equity International is a specialist financial services firm operating out of London and Abu Dhabi. They announced a capital infusion of two million British Pounds on Tuesday morning. They plan to invest the new capital into a “full service” network across the globe.
First, this agreement will secure financing for the acquisition two UK based financial advisory firms announced earlier this year. Additionally, these funds will go toward the acquisition of two smaller advisory firms from Asia.
All of these targets are profitable operations and will help GEQU establish a globally diversified retail financial advisory client base. Global Equity’s leadership believes that the Asian acquisitions, in particular, will help navigate these tightly, high-growth economies.
Investors poured into the stock on the news. As US equities become increasingly highly valued, some analysts are looking to emerging markets for stronger returns in the coming decade. And some investors believe expanding financial services in Asia could offer a great avenue for playing this trend: the stock was up over 170% at the time of this writing.
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