Here We Go Again ...
Market Talk
Following a U.S. bombing run in response to Iranian hostilities around the Strait of Hormuz, President Trump now claims an agreement has been reached to end the conflict.
Iran's foreign ministry says not everything has been resolved.
Hmmm ...
The devil sometimes lives in the details.
For now, markets appear to be responding favorably.
Coincidentally, the SpaceX IPO begins trading today.
Lots going on.
There is no denying the long-term story has room to play out. There will likely be tradeable moments along the way.
However, near-term trading in high-profile IPOs can be dicey when exuberant retail investors rush in chasing momentum.
We recently saw a similar IPO frenzy with our test share of CRBS. Early hoopla carried the stock above $300 as retail investors rushed in.
Then reality set in. Volatility followed, and some near-term buyers were left holding the bag as early investors headed for the exits.
Time will play the stories out, and some may take longer than others. In the meantime, investors should remember that IPO floats often represent only a fraction of the total shares outstanding. In the case of SpaceX, more than 12 billion shares were not included in the IPO float.
So, enough said (for now) on IPO hoopla from the Jones Report.
With the market "reset" last Friday, buyers are stepping back in with hopes that the energy sector will return to normal.
For now, that appears to be enough.
Three stock symbols with significant U.S. operations, all previously covered here, with future growth stories still in the hopper:
VVX
GFS
NVTS
And others previously mentioned here, with more to come.
Stay tuned. Stay watchful.
- Jones Report
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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 days to come. That is why we watch and see how our views match up with reality. Looking ahead a few months may be a way to do things - but thinking too deeply about world events and the recent alliances forming, can make projecting ahead a dicey endeavor.
All in all - we use the word maybe "some", not "too much" and play it accordingly. Never get arrogant in our notions because things do change - and individual stocks are subject to many factors outside 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.
