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
Recent developments have raised the Jones outlook on some of the "stocks to watch" here at the Jones report:
Lam Research Corporation (LRCX): see last post, bullish sentiment still applies. Even more because Lam beat both estimated on revenues and earnings. 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.
Kinross Gold Corporation (KGC): reported earnings of $0.30 eps last night and beat the expected by whopping amount. A range of $0.16 to $0.22 was estimated by various analysts. With the gold surge to over the $3k resistance. Previous cautious optimism on share price has moved to an upright bullish view on KGC. Particularly since the company reinstituted a share buyback program and paid off debt.
Kratos Defense & Security Solutions (KTOS): The quarterly report is tomorrow. 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. Hard to say how the near will trade, but long term with some shares - seems bullish in the Jones view.
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 flavorable 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.
Finally - maintain some dry powder and trade or invest according to your own due diligence.
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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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ALL in my humble opinion, scroll down and read more.This site does NOT make Buy / Sell recommendations.
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