Straight Talk
UKRAINE: Kuleba to partners after Russia's missile strikes: 'Give us the damn Patriots'.
That's a cry to the talking heads here to call up Raytheon (RTX) and say hey ! load the trucks!
LIVES and FREEDOM are on the line.
Moving back to stock talk on one issue we watch as a "some stock" . looking for it to surge past "par" over the course.
Raytheon (RTX):
RTX is gaining traction in stock price with more analysts raising
predictions of over $100 share price to $130 range. see past posts on
RTX. The present threat from a sneak attack on America by advanced
hypersonic missiles is growing . We need more defenses. Raytheon with
anti-missile technology is a national treasure, along with some other
companies, to counter the ever growing threat. We can only hope that
advances are made fast enough to stem off those who may get ideas to
sneak attack us with advanced missiles. All is NOT lost because we are
working on advanced detection capabilities that can then be used to take
out threats and respond with appropriate force. However, questions
remain if the developments are coming fast enough. Here is some news on RTX. More orders from the free world are likely coming to Raytheon.
RTX Clinches a $1.2 B contract for Patriot missile defense system
https://finance.yahoo.com/news/rtx-clinches-1-2b-contract-142700508.html
Raytheon reports yet another system developed in test and demo status.
https://finance.yahoo.com/news/rtxs-raytheon-lower-tier-air-150000820.html
Gold: Yes, Gold is near an all time high
so not too much, but a just a few shares of an etf such as GLD or a (lower cost GLDM)
may be a way to hedge the new world we are being handed. After taking a "some position", maybe add one or two more shares of GLD or GLDM here and there in the portfolio. Why? With our government unleashing over 12 Million "newcomers" (and adding everyday) not fully vetted on America - who knows WHAT some may be up to? ISIS and Hamas is on a Jihad, and the communists are no friends of America. Having some Gold and/or a gold related etf like GLD may help offset the pain. Not to mention a $7 Trillion budget is in the hopper. Gold is starting to move higher. If the trend holds, an historical breakout may be in the making. For now, let's not dwell on the why? of the matter because it could be pointing to more troubled times coming our way.
Defi stocks:
some Bitcoin etf's : IBIT, EZBC ?
After a correction phase Bitcoin, while volatile, is seeing a rebound into "the halving". As a rough estimate of IBIT price , take the current spot bitcoin price and divide by 1750. The spot bitcoins etf's are directly tracked to bitcoin prices. The pundits are predicting bitcoin to climb to as high as $90 K or more after the halving,
As a side thing -maybe
some Bitcoin (BTC) and Ethereum (ETH) "here n' there" on dips to try to hedge inflation and poor fiscal management of fiat currencies. ETH could see new etf's coming.
Intel (INTC): The CCP in China is saying un-use Intel and AMD in their govt 'puters. May be easy to say and harder to do. However, Intel gets about 27% of sales from China. The effect may be offset by government grants to Intel to build a chip foundry in Ohio as a major undertaking. Still, Intel has to make a huge investment to make it happen. INTC has challenges but with grants for chips made in America the stock itself seems to be gaining support. One major reason is the new 3-D chips planned by Intel are being targeted to outperform existing AI processors.
https://finance.yahoo.com/news/intel-center-industrywide-push-end-100000877.html
Devon Energy (DVN): Oil
and nat gas producer here in America, history of stock buybacks,
variable dividends on profits, whales are buying DVN. It seems to be
coming off a bottom headed higher. Natural gas is a more efficient and clean source for power plants than other alternatives the green leftists are pushing on us. This could change with smarter people coming in the 2024 election.
For now, we close by noting that any view on the market and stocks on any particular day may change in the future days to come. That is why we watch and see how our views match up with the reality of the time. But trying to look ahead a few months into the future may be a way to do things. If you think too deep about world events and the recent alliances forming, projecting ahead can be a dicey endeavor. With all the above caveats and attempted prognostications, I will close this post.
Stay tuned for more opining on the market and stocks to watch.
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