Wednesday, November 27, 2024
I am often asked about cryptocurrencies and if they are safe investments to add to a portfolio. For investors unfamiliar with the term, a cryptocurrency is basically a digital token, or coin, which trades on a distributed and decentralized ledger called the blockchain. The best-known and most popular cryptocurrency is Bitcoin. It debuted in 2010 […]
Options block trades can be enlightening sources of information, especially when they occur in tiny stocks. Vroom (VRM) is a digital automobile dealership that has struggled mightily this year, down a whopping 85% year-to-date. The company is dealing with high costs and low margins. The options on VRM typically trade about 10,000 lots per day […]
Investors regularly ask me about the two great fears of today: rising interest rates and a potential economic recession. While a recession may not happen, interest rates will definitely continue to move higher. So let me tell you about one type of stock, with a couple of recommendations that will be good investments for both […]
Netflix (NFLX) missed earnings and was down 35% in just one day last week. That’s a massive amount for a stock that big to be down in a single day, and of course, it came with a huge amount of options action. NFLX options traded nearly 1.5 million contracts, which is over 12x the normal […]
Nike (NKE) is gaining much-needed traction. After analysts at JP Morgan, UBS, and Truist came out with positive notes on the company, the stock is up about $9 per share over the last few days. UBS analyst Jay Sole, for example, says North American demand is robust, and that China issues have already been priced […]
When the Fed bailed out the banks in 2008, interest rates dropped to historic lows. Many retirees were heavily invested in CDs and quality bonds earning a safe 6% interest, paying their bills, and enjoying their golden years. Overnight, trillions in CDs and bonds were called in, savers lost a major portion of their anticipated […]
Investors should keep an eye on Plug Power (PLUG). After a rough pullback in the latter part of 2021, the hydrogen stock is attempting to push higher. In fact, investors may want to use weakness as a buy opportunity. For one, the hydrogen story is heating up. Goldman Sachs called hydrogen a “once in a […]
It’s my job to look for market opportunities anywhere I can find them. Even if that includes looking beyond the United States stock market. And I’m looking at stocks across the globe… and the opportunities are slim. Very slim. I just shot this 3 minute video from my office… and it’s pretty worrisome. Not in […]
With fears of recession, keep an eye on Costco Wholesale (COST). With a dividend yield of 0.61%, Costco sells the types of products that consumers need, no matter how well or how poorly the economy is doing. After all, even in times of chaos, consumers need food, soap, toothpaste, toilet paper, etc. Costco also just […]
Despite the view from Wall Street analysts and their rose-colored glasses, the woes of the semiconductor industry continue. Last month, a warning came from Peter Wennick, CEO of ASML Holding (ASML), a manufacturer of chip-making equipment. In an interview with the Financial Times, Wennick said: “Next year and the year after, there will be shortages. […]
