Market Talk
Consumer sentiment has improved as well as the latest inflation readings in the CPI and PPI indicators. This has caused a market bounce from the recent selloff initiated by the yen carry trade. The market is rolling with the data and the notion of the Fed reducing interest rated in September and possibly continuing into the Presidential election.
Stock Talk
Altria Group, Inc (MO) : MO already has one of the highest paying dividends in the entire market. Is even yet another dividend hike coming this month? some say yes. With the Fed signaling lowering interest rates in September - it's something to think about.
https://finance.yahoo.com/news/why-altria-group-inc-mo-064901902.html
Kinross Gold (KGC): The fiat currencies in the US and the world are being devalued by increasing money supply and inflation. Gold values are climbing steadily currently flirting back and forth with the $2500 per Ounce level. Kinross Gold has been highlighted here showing the mining footprint that spans Canada and the Americas. Suggested in the 6's, the current times of loose fiscal policy to buy votes point to staying the course with Kinross because support and a next level run on surging Gold, along with a stable dividend makes KGC a relatively solid stock to hold some.
https://stockstowatch.blogspot.com/2024/04/
https://finance.yahoo.com/news/why-kinross-gold-corporation-kgc-215737497.html
Devon Energy (DVN) beat earnings estimates with a rather robust outlook.
Devon Energy (DVN)
https://finance.yahoo.com/news/top-oil-stock-continues-send-090800573.html
IAMGOLD (IAG): Another stock to keep an eye on is IAG with trending higher earnings, similar to Kinross. However, IAG offers no dividend and is about $5 at a recent high. Keep an eye on the gold prices over the next month because IAG earnings as well as KGC could surge if Gold starts climbing higher as predicted by many economic pundits.
If interested in other current watch stocks recently opined on here, scroll back to see posts on other stocks we are watching.
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. In all - we use the word maybe "some", not "too much" and play it accordingly. Remember, never get arrogant in our various notions because things do change in the market and individual stocks are subject to many factors outside of our control.. So we try to -stay aware.
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.
_____________
