Market Talk
What is happening on the Russian / Ukraine front? There is some market optimism that the military deployments on the borders will not erupt into war and that further talks will continue. What will actually happen? The following is a good article to explain the confusing situation. One thing is clear, the Russian's want something to come from all of the "military drills".
Stock Talk
Even though the market is responding to any optimism on the Ukraine front, there is still raging inflation and the US Federal reserve is expected to do the job of reigning it in by raising interest rates over time. It will start in March. The market and interest dependent stocks will typically respond unfavorably to raising rates.
However, the recent correction, seems to make some bottom fishing look appealing . The key word here is "seems".
With the above caveats, the following is a list of some stocks of interest:
Autos: Ford (F), GM, Fisker (FSR)
Chips: Microchip Tech (MCHT), Intel
Infrastructure: US Steel (X)
Banking: Bank of America (BAC), PNC
Bitcoin mining: CleanSpark (CLSK), others too
The above stocks are not buy/sell recommendations (I do not do that here). However, each have some interesting characteristics that could cause them to move higher if market conditions remain favorable in their respective areas. The last mentioned on bitcoin mining are more speculative, dependent upon the volatile movements of bitcoin values. If interested, stay tuned to future postings as I will likely opine on the market, stocks and more.
As usual, I will close with the notion of maintaining $ dry powder $ seems like a good move in circumspect markets; especially with war and raging inflation on the table of uncertain futures.
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ALL in my humble opinion, scroll down and read more..
This site does NOT make Buy / Sell recommendations.
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