Straight Talk
This post comes from an "independent" observer and American. The way in America to try to make change is to VOTE. It almost seems too late already by some. Are
there enough thinking Americans that will vote in November to make a
change? Either way, it will not be an easy future coming our way.
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.
Raytheon reports one such 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 may be a way to hedge the new world we are being handed. Maybe about 5 shares of GLD may be right to start a position in gold. Why $ 5 shares? It's just an example to say a portion. Like say, for example, you are feeling bullish on Gold and you were thinking of buying 20 shares of GLD. If that is an initial position, it may be better to hold back and buy 5 shares and wait to see. How many times do we like a stock and buy, only to watch profit taking? Still, starting a long term position in some Gold may stem off inflation. A $7 Trillion budget is in the hopper?
Defi stocks:
some Bitcoin etf's : IBIT, EZBC ?
Bitcoin seeing a "correction" after recent highs at $73K, but there could be a strong bounce higher yet. support in the BTC level at $62 K is watched. If BTC breached $62 K, the next support could be $55 K. If $62 K holds then $90 K is possible on the halving. Some say HODL . near term pain for long term gain?
maybe some Bitcoin (BTC) and Ethereum (ETH) "here n' there" on dips on the side to hedge inflation and fiscal management of fiat currencies.
ETH could see new etf's coming.
Intel (INTC): positioning on introducing more power efficient 3-D chips than competitors for AI processors.
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.
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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