Market Talk
The economic data of inflation and employment is making the market believe a high probability of an interest rate cut by the Federal Reserve in September.
Stock Talk
Some of the key stocks watched and noted months ago have gone up quite a bit , some even more that four times.
The bullish thesis put forward back then STILL applies to stocks like KGC, KTOS, LRCX, METC, METCB, HPE. The large institutions have loaded up on some of these and still appear to be bullish. However, as it often can happen - NO stock is safe from a whipsaw down when the "tute" decides to bail for whatever reason they may see or pick. For this reason, play your game as you see fit for your own situation and risk tolerance. make some money and lock some in is one way to go to ride the wave and save yourself before "the tutes' " profit taking - takes your own gain. At some point, the excess inventory logged in by the building inventories - will wind down and tariffs will likely kick into the future inflation reports. Stay watchful and circumspect but have fun in the by and by.
Kinross Gold (KGC) mining reported a large quarterly earnings beat with an eps of 44 cents. This is a 33% earnings beat over average analyst expectations and shows an increasing earnings trend over previous results. It is the Jones report view that KGC is a real deal stock and currently quite undervalued and "should be" in the 20's.
KTOS, LRCX , METC, METCB remain "in play" as "some shares" in the current view of the Jones report. The Ramaco Resource stocks of METC and METCB seem in play as long as the rare earth's projected at their Brook Mine in Wyoming progresses with vibrant activity and positive developments. And, possibly even some of the new Ramaco high interest rate convertible preferred shares -METCI with a 8.25% annual dividend rate based on its $25 par value.
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If interested - scroll back and view notes on other stocks, we watch here at the Jones report. Why not? With the caveat that things change and we try to stay aware - It's all FREE to read and make your own calls and decisions. 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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