Market Talk
In times of high market volatility, stocks that pay good dividends can be a refuge where investors and traders take cover to ride out uncertain and possible tumultuous markets. One goal is to find a few stocks offer a great dividend and have upside potential. This can be a tricky undertaking to weigh the risk , reward and each make our own personal decisions and moves.
Two recent events with China proclaiming that the PRC will ban their exports of rare earth elements (ree's) and the move for more American production in America, Steel made in the US gains demand. High quality steel takes coking coal. One company we watch is covered below.
As a market note, the recent volatility has been a hard to watch. However, some here fared pretty well and perhaps watching and staying nimble in an IRA account tagged for trading and investing is one way to proceed. The goal here is to find more greens and avoid the reds, even through tumultuous markets. Until resolution in the next 90 days happens on various tax policies and budget finals, stay watchful, stay nimble if needed, stay diversified and maintain cash , eg dry powder , as comfortable.
Stock TalkOver the lifetime of our investment strategies, we see the stocks we missed and we know the ones we nailed as far as trading them right.
Ramaco Resources, Inc (METC and METCB)
Previously, one such stock nailed here for a near triple at the Jones Report was Ramaco Resources, symbol: METC. And, previously Ramaco issued a tracking stock, with symbol METCB. METCB is seen as more tied to the Rare Earth's but in actuality the two are tied together. When it was time to bail at about $22, it was pointed as a strategy to consider.
Ramaco is a different coal company. It's not bitumen thermal coal. Rather, Ramaco mines metallurgical coal used for making high quality steel. This is an essential for rebuilding and improving infrastructure like bridges, buildings and for cars and trucks, trains and planes. Steel is everywhere.
https://stockstowatch.blogspot.com/2023/07/market-talk-and-one-company-makes-my.html
Well,
with recent events of made in America and the need for Ree's AND now that both METC and METCB have traded down to single digits it seems a
fair time to revisit the issues. The story hasn't
changed - but it may be as compelling as ever.
https://stockstowatch.blogspot.com/2023/07/market-talk-and-one-company-makes-my.html
Both METC and METCB seem to be worth watching again.
Metallurgical
coal is the bread and butter and rare earth reserves in Wyoming could
well be a boon for Ramaco and their shareholders.
next up ...
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Update: ASP Isotopes (ASPI) - Today's whipsaw down was discouraging and ugly. Yes, it's a spec stock with "not too much" but when an insider dumps a lot of shares, it causes pause for concern. Maybe put this spec stock to the sidelines or lighten up to see where the dust settles. Maybe some METC and METCB above is a better move, longer term and both have good divy's too.
Kinross Gold Corp (KGC)
Gold prices has been breaking above the generational $3k threshold that seemed like it was an impossible hurdle. Now with inflation expectations rising, Gold is approaching $3250 per ounce. Some leading financial analysts such as Goldman - have raised forecasts to $3700 per ounce by end of THIS year. While KGC had resistance breaking through into the teens, it now sits at the $14 ish range. It seems worth holding KGC although it's in the area where traders may take some gains and it could find resistance until Gold climbs to higher levels. Or conversely- investors could continue to safer haven of rising gold causing a surge into the higher teens for KGC. It is the latter reason as to what keeps even traders holding and watching for a further breakout.
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Other Stocks to Watch, see recent reports:
MO- fairly stable with high dividend
KTOS - Defense in hypersonic test beds and advanced drones, AI applications, Satellite and Command and control for missile defense agencies
RKLB - Satellite, Fast development rockets for satellite deployments and hypersonics - contracts lining up but they are just eligible to bid. - RKLB.
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More later so ....Stay tuned, if you dare !
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.
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