Market Talk
Things change fast with roving, changing, adapting policy. I'll leave it to the reader to each make what they will out of it. One thing we should not be surprised on is a continued choppy market.
Stock Talk
Watching QBTS again ...
D- wave Quantum (QBTS) is a spec stock, but the revenues and earnings beat is capturing market interest. It seems a good candidate for meme stock interest as well as institutional - "tutes". Watching QBTS as a "some, not too much" spec stock to see. The point of interest is the speed of processing to solve complex problems that would otherwise take eons to solve. Perhaps the age-old question of what's it all about Alphie? will be solved.
Lam Research Corporation (LRCX): suggested here to watch in the 60's. It's about 84 now and has well-earned the higher status. With having moved, it may meander awhile until we see concrete evidence of new foundries being built in America. see last post, bullish sentiment still applies. In the last post it was noted: Lam IS the premier company in etching and deposition of semiconductors everywhere. New chip foundries in America will ALL be using LRCX tools. Bottom line - Lam looks more like a hidden gem of America in all of chip manufacturing. But after rising to the 80's, the market may take a wait and see attitude. One ponders if taking some gain to see if it fades back to the 70's may be prudent in an unpredictable market with a chip ban on communist China and rightfully so. We need the chips made in America.
Kinross Gold Corporation (KGC): reported earnings of $0.30 and beat expectations. As long as gold stays in the $3100 to $3300 range, KGC seems to be a good hold some. A range of $0.16 to $0.22 was estimated by various analysts. Previous cautious optimism on share price has moved to an upright bullish view on "some" KGC. Particularly since the company reinstituted a share buyback program and paid off debt.
Kratos Defense & Security Solutions (KTOS): The quarterly report showed earnings beat of 12 cents eps instead of the 9 cents estimated eps, there seems to be some "good juju" going on with their varied line of subsonic drones. Although there is competition in the space, KTOS may have a leg up in the field with military testing. The developing capabilities, range, speed, even stealth and other aspects of models as well as an attractive cost looks favorable to KTOS in the future. Look, it's not about the reported 12 cents quarterly earnings. Anybody who is following, knows what KTOS is working on and being tested for the defense of America. The most advanced drones with 3,000 mil subsonic range and even hypersonic drones. That is some sensitive stuff being produced. Although there are competitors, it seems a high chance that big orders will follow and result in significant earnings. Yes, its a bit hard to say how the near will trade, but long term with some shares - seems bullish in the Jones view. It seems that reasonable strategy is to hold "some" KTOS, but don't be too alarmed on market trading dips for a while. In that sense, adding some more in a gingerly way on dips, as the status quo continues. That is until big order requests start flowing into KTOS. It may take awhile - but holding "some" KTOS patiently is a contender to be a huge win in a speculative portfolio.
Ramaco Resources (METC and METCB): Bullish on some. High quality steel in America requires metallurgical coal. Also, the rare earth reserves reported in their Brook Mine have attracted market attention. some METC and METCB is a smart set of stocks to watch. It may take some patience for the Brook Mine report to come to fruition, but the market could get the flick sooner with visibility that a new high- level member brings on the Board of Directors, former U.S. Senator Joseph Manchin.
Altria Group (MO): remain bullish on holding "some "MO shares. Still a great dividend rate and the guidance was positive. The new pouches are trending due to a relatively safer and more pleasant smokeless and favorable way for users to get nicotine with less risk and concealed use with no need for inhaling or chewing and no need to spit. If MO backs off some in share price it may be a good chance to buy some to get an even better interest rate point. That dip to the $56 seemed like a good opportunity to pick up a few shares. Watch for other opportunity?
Finally - maintain some dry powder and trade or invest according to your own due diligence.
______________
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.
___________
ALL in my humble opinion, scroll down and read more.This site does NOT make Buy / Sell recommendations.
________
