Further Stock Talk on ASP Isotopes (ASPI), Bill Gates and TerraPower ... and more ...

 

 

Stock Talk

Recently, the market has been responding to the growing need for energy to support AI. Partnerships are forming and the notion of small modular reactors (SMR) are front and center.  In addition, using conventional nuclear facilities we see that ...

"Microsoft is involved with nuclear power in a few ways, including a deal to purchase all the power from the Three Mile Island nuclear plant and Amazon's purchase of a data center site near the Susquehanna nuclear power plant:

    Three Mile Island
    Microsoft has a long-term power purchase agreement with Three Mile Island that would power about 800,000 homes annually. Instead, Microsoft will use the power to run its data center infrastructure in the area. Ratepayers and the state won't be responsible for the costs to restart the plant. "

Now THAT is telling.  Microsoft see's such a huge need for power dedicated to their data center and AI applications and they are planning to reserve the power that could power nearly a MILLION homes ! But alas - It will take quite awhile to refurbish the useful part of the old three mile island facility. But, this is just the beginning of the story...

You know the old saying- follow the smart money?

Let's follow a trail of bread crumbs left by a pretty smart fellow - Bill Gates.

Last week, there was an announcement that an LLC called TerraPower co-founded by Bill Gates is planning a partnership with a company called ASP Isotopes (ASPI).

https://finance.yahoo.com/news/asp-isotopes-inc-enters-term-110000638.html 

The plan is for TerraPower to build a plant to use the ASPI laser process to create HALEU Uranium isotopes as fuel for nuclear reactors. A particular feature can extend the life of nuclear fuel and reduce waste.

TerraPower is developing a Small Modular Reactor (SMR)- or in this case it's called a Sodium-cooled Fast Reactor (SFR)-  design combining a liquid sodium coolant with a molten salt-based storage system. The prototype is called the Natrium reactor with output power of 345 - 500 megawatts planned for a location in Kemmerer, Wyoming to retire an aging coal plant.

  "WASHINGTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- ASP Isotopes Inc. NASDAQ: ASPI ("ASP Isotopes” or the “Company”), an advanced materials company dedicated to the development of technology and processes for the production of isotopes for use in multiple industries, today announced that it has entered into a term sheet with TerraPower, a nuclear innovation company and advanced nuclear energy developer, related to the construction of a uranium enrichment facility capable of producing High Assay Low-Enriched Uranium (HALEU) and the future supply of HALEU to TerraPower, as a customer of Quantum Leap Energy LLC (QLE)."

Note Quantum Leap Energy LLC is currently a wholly owned subsidiary of ASP Isotopes, Inc.

So, this partnership involves ASPI/ Quantum leap producing and selling enriched uranium to Terra Power in the planned facility at TerraPower's expense.

A query on Chat -gpt reports that ASPI spinning off the part of Quantum Leap that  produces High - Assay Low Enriched Uranium (HALEU), vital for SMRs is being considered.

But wait -  the story goes on... ASPI can also produce other important isotopes used in the medical field for such areas as imaging and advanced cancer treatments.  In addition  isotopes for creating advanced lasers , semiconductors and even futuristic quantum computers. Apparently , ASPI would focus on these and let the Quantum spinoff work the nuclear power sector.

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Other stocks on watch list:

MO - earnings beat,  stock up with a 7.6% dividend

KGC - Kinross Gold - earnings report on Nov 5, KGC pays a divy

IAG - no dividend, but - growth depends on costs vs Gold price

NVDA, AMD, INTC - watching..

PLTR,  at the close, beat earnings by 1 cent per share for an eps of ten cents.  (The market likes it in after hours but some short covering is going on.)

BBAI,  spec stock on AI  related contracts but it needs more $

more to come -- but hey -  stay tuned for more posts 

___

Speculative Biotechs with questions to be answered (someday):

TERN - with an oral pill that brings on faster weight loss than the current leaders ?  stay tuned for subsequent data, in the meantime insiders are buying?

ONCY -  a Pelareorep IV that reportedly makes cancer tumors "hot"  and triggers T Fighter cells? long time coming, who knows?

ANVS - an alzhiemers and Parkinson's drug all in one?

and many more!

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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.
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"Watching" Stocks: ASP Isotopes (ASPI) and Terns Pharmaceuticals (TERN )

 

 

Market Talk

The GDP number came out slightly sluggish, but not alarming.  It probably supports the notion of further rate cuts on the way.  Still suggest to maintain some dry Powder in case the "soft landing" notion switches to a harder knock on the head.

 

Stock Talk

First, a note to stay consistent. Yesterday, I  highlighted a post on Ramaco Resources, but later removed it.  Recall we had a near double on METC in the past but let it go after it faded quick from the 20's on insider selling.  Last night, after further review, decided to keep the bullish notions on hold because the bread 'n butter, coking coal for steel, is not estimated to have the returns of last year.  Some analysts are projecting an earnings loss this quarter .   It is still possible they will surprise or an update on REE plans will help the outlook.  Ramaco seems like a good stock to watch, perhaps from the sidelines to see how the earnings and subsequent outlook seem. 

There are two new speculative stocks catching some interest.  I will point them out for interested readers to look into further if you dare. 

Two stocks to Watch:

ASP Isotopes (ASPI) :  A potential partnership with Bill Gates involved Terra Power (LLC) is capturing interest in ASPI.  We mentioned yesterday, this one may have a fair chance at further upside with a few "some" speculative shares.  It's moving higher, still in single digit range.  ASPI  [update 11/03] has a cutting edge process using lasers for enriching Uranium for nuclear Power generation and other elements for medical and advanced semi conductors.  

https://finance.yahoo.com/m/f086639d-4530-3930-974f-614981f46094/asp-isotopes-stock-surges-on.html

Terns Pharmaceuticals (TERN) : Last month, TERN saw a lot of insider buying.  Yet the stock still faded down some in share price. The company has a weight loss drug that resulted in faster weight loss with more fat loss than muscle in an early trial. It is early and speculative which raises risk.   However, it is reported to have high insider ownership that institutions favor.

 https://finance.yahoo.com/news/terns-pharmaceuticals-oral-glp-1-132450455.html

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.
________

Market going "crazy" on AI energy hype -Join the crowd in "some" or just sit the whole thing out? - update 10/29

 

 

Market Talk

With the times and the election coming up, it's hard not for thinkers to be concerned.  The coming election phase is not without risk.  There are some reports that the other side is preparing to make it very difficult for President Trump to take power if he wins the electorate but the Dems gain congressional majority. The civil discourse could cause a lot of national turmoil.  On the other hand if Americans are so fed up , maybe the republicans will sweep advantage in a red wave change of power? That may be the best outcome.  When it comes to elections, things hardly ever work out the way we surmise they may. Add possible election shenanigans and the future telescope becomes like a kaleidoscope looking glass to try to see through. 

On this subject the future of November 5 is closing in on us - just about a week!   Suggest to maintain some dry Powder in case the "soft landing" notion switches to a harder knock on the head.

 Let's stray from above hand wringing and take note of a sector craze  currently happening - right under our noses. 

 

Stock Talk

 Well, we have covered the fast growing need for required energy just to address an AI query as in chat gpt for example.

The craze happening is in small module reactors (SMRs).  These are exactly what the name implies.  The big outfits - Google ,  Amazon and Microsoft all are scrambling for partnership deals in nuclear power to support huge data centers and AI related applications.

Such actual implementation here in America of SMRs is probably YEARS away.  None the less, a few stocks have nearly doubled just in the past week or so.  These are not  buy recommendations, we don't do that here. especially after such a huge run as the hoards clamor to get in what they believe is "early".  However,  I would be remiss not to bring them up here in the Jones report on Stocks to Watch.

• NuScalePower Company (SMR)
  
• Oklo Inc (OKLO)
• ASP Isotopes (ASPI)
• Nano Nuclear Energy (NNE)
  

It should be noted the above are currently losing money and have negative earnings. And it will be awhile, as in years...

(update 10/29 - after further review, ASPI is more about Uranium enrichment for medical and advanced semiconductor areas. 

As a speculation, perhaps of the above, SMR and ASPI would be fair picks for just a few "some" shares to see.)

Never the less the market is going nuts over these stocks doubling them in just the past week.  This has the hallmark of a bubble as a cautionary note.  Will the SMR and nuclear rage continue?  If venturing into stocks like above, it would seem prudent with only very small shares, if any,  to test the run.  It all seems risky and ripe for a shorting style pull back.

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.
________

Staying long in "some" vs "Jack be nimble".

 

 

Market Talk

A quick note on the market and stocks.  We are living in fast moving and changing times.  This can result in a volatile market with  the various sectors trading on and off against each other. It happens on a daily basis.  If you watch the market and write down the sentiment of the day and stocks that are moving that particular day, it could change the very next day to what was "in" being "out".  

The market is very fickle like that.  Case in point,  take miner  Newmont trading yesterday and today.  Much of their quarterly report was positive , but NEM missed that analysts estimated by a few cents per share. Still, profit was up and a decent Q earnings of 81 cents per share.  Never mind that!  The market punished the stock price on the notion that NEM missed due to higher mining costs in an inflationary world.  Later in the day, outfits like Bloomberg and others put out the notion that NEM results may translate to many of the gold miners, even in all time high gold prices.  Go figure. 

I made the post yesterday to watch out for the "ying yang" of the market and consider the schnitzel move to maybe take some off the top to conserve "dry powder".

Yes folks, these are fast and changing times.  What happens after this crazy election phase is an open question to many .  Some pundits predict troubled or more troubled times than today are coming. Yes, there are the long term convictions vs trading ways to also consider.  To handle the devil of uncertainty, we use the word "some" here.

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.
________

The "ying and the yang" of a peak market and Stocks TO Watch along with some Tradiing notions .

 

 

Market Talk

With the Fed reducing interest rates, some stocks would seem to be geared up to possibly do well.  Conversely, the market indices at all time highs can be cause for pause to be circumspect.  The world's geopolitical risk is high and the country has many difficult issues to yet play out.

Let's talk "trading" for a moment.  It's a fair notion to be optimistic about a stock that you pick as a potential winner but best to be cautiously optimistic.  So many factors are out of our control.

One strategy of traders is to use an IRA account and be nimble in a buy low sell higher philosophy. It hurts to lose especially in an IRA.  But an IRA investing and trading account offers advantages at the end of the year when filling out your tax forms. If you have a loss , well you lose the tax writeoff.  But if you have a lot of trades and the aggregate is a gain, there is no need to yet record the gain on a schedule D.

Lately, it seems a strategy to maintain cash or  "dry powder" may be a way to address risk. Taking some of the gains off the top to see if the run will continue at new highs and stay nimble.  Staying "long" in a bull market can pay off and be "fun".  But when things change and turn down-  the loss that can happen can turn into a house of regret.

To reduce risk, maybe schnitzel some gains along the way as Cramer likes to say. And sometimes, ya just gotta cut losses to fight again. Sometimes, when a favored stock dips, it may be a good time to add gingerly.  But don't chase a stock with losses that could make a position become "too deep".

If trading - stay circumspect, stay humble and be aware of the "ying - yang" of the market and stocks, that's all. A mistake is to get to get "too bullish" on our notions that it makes us arrogant and we put in "too much" in any one pick.  Key words here are  maybe "some" and "not too much" to and maintain "dry powder".

The notion I'm trying to convey is to try Not to be "ying-yanged" by the fickle markets and make some money !

 

Stock Talk

Rather than covering specifics, there are things happening in the world that bring to mind a few stocks and symbols,  These are presented here for the reader, if interested, to explore on their own.  Refer to prior posts below for a summary of some. These are not buy or sell recommendations, but they have interesting aspects to watch.

  URA, PLTR, MO, KGC, IAG  ,  highlighted recently

  PR :   Energy. oil and nat gas reserves in America.

  URAX, double bull nuclear play, maybe short term

  GEV , spinoff of GE in natural gas turbines, above the typical sp range of stocks here but watching  for dips.

 Jones Speculation corner symbols to watch:

Biotech : ONCY,  ANVS,

 AI contactor : BBAI.

another gold miner: now in the $3 range:  BTG

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Perhaps the regular readers will notice a few new symbols above.

Do you notice a new symbol where insiders have been buying and the symbol pays a near 4.3 % dividend?

Permian Resources (PR)

https://permianres.com/

https://finance.yahoo.com/news/insiders-snap-2-strong-buy-072202423.html

"This makes Permian one of the region’s largest pure-play hydrocarbon E&P firms, and on September 17 the company announced the closing of a bolt-on acquisition to its Delaware Basin assets. The acquisition, a deal with Occidental, added ~29,500 net acres and ~9,900 net royalty acres, along with a significant amount of midstream infrastructure, to Permian’s existing Reeves County, Texas positions.

In another update that should interest investors, Permian announced on September 3 a large increase to its regular base dividend. The dividend payment, formerly at 6 cents per common share, has been increased by 150% and is now set at 15 cents per share to be paid out starting in 3Q24. The new annualized rate of 60 cents per share will give a forward yield of 4.3% based on the current share value.

Permian attracted a recent large buy from an insider, company director William Quinn. Quinn made two purchases, on September 10 and 11, that totaled 312,429 shares – and cost more than $3.99 million."

 ________

 next, a chat on Energy needs of AI ....

The advent of AI onto the world's table has created new perceived needs by the data centers required to support AI.  One such need based on demand is the humongous cry for energy required.  To address that question, I inserted a query into the number 1 AI application  used today, Chat gpt itself:

___________

"The energy required for a ChatGPT query versus a Google search can differ significantly due to how each system operates.

1. Google Search: Typically, Google searches are computationally lighter since the system mainly retrieves and ranks web pages. The process involves web crawling, indexing, and retrieving information from pre-built data structures (search indexes). Google also optimizes for energy efficiency across its vast data centers.

2. ChatGPT Query: Large language models like GPT, on the other hand, are more computationally intensive because they require processing vast amounts of data in real-time. When you make a query to ChatGPT, the system runs a neural network with billions of parameters, generating a response from scratch rather than retrieving it from a pre-built index. This makes the energy consumption higher compared to a search engine query.

Estimations

• Google Search: A single search typically consumes about 0.3 watt-hours of energy (based on estimates for the infrastructure and network energy use).
• ChatGPT Query: Estimates for a single inference from large models like GPT-3 can range between 10 to 100 times more energy than a Google search, depending on the model size and the complexity of the query.

The specific energy difference varies based on factors like data center efficiency, model size, and the complexity of the query."   Chat gpt response to query on 09/24/24

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one energy ETF to watch-  URA

Using the above energy example points to a huge need for increasing energy capacity, an ETF on Nuclear energy may be one to watch with an over 6 % dividend is  -   URA.  

 

AI stock symbols on watch:  PLTR,  BBAI

Now PLTR is starting to see short selling and recent gains may be challenged or harder to continue.  At the same time, it is almost a "meme" stock with many small investors believing PLTR is the stock of the future. PLTR does have some actual earnings that add to the interest. Is PLTR reaching a peak? the shorts say yes where as the hoards of AI enthusiasts say let it fly.  nobody knows here, do you?  if a gain is there, maybe schnitzel some is a way.

BBAI is getting government contracts.  BUT it has a lot of outstanding shares so it's a spec be careful not too much stock.

 Other Stocks to Watch in this market? 

Altria Group, Inc (MO) :   MO already has one of the highest paying dividends in the entire market.  MO has been consistently increasing their dividend to shareholders year after year.    Watching MO for a dip may be opportunity to inch into one of the highest dividend paying stocks with positive eps.

Kinross Gold (KGC):   The fiat currencies in the US and the world are being devalued by increasing money supply and inflation. Gold has NOW recently passed the stubborn $2600 / Oz level.   Kinross Gold has been highlighted here showing the mining footprint that spans Canada and the Americas. Suggested in the 6's, the current times of loose fiscal policy to buy votes point to staying the course with Kinross because support and a next level run on surging Gold, along with a stable dividend makes KGC a relatively solid stock to hold some. I'm staying / holding some stock in Kinross. May add more KGC on market dips.  The BRICS moves towards a digital currency could seriously threaten the US dollar.  Gold could easily double and more in the not too distant future and a Gold miner like Kinross with already growing eps and dividend could earn reward in share price.

https://stockstowatch.blogspot.com/2024/04/

https://finance.yahoo.com/news/why-kinross-gold-corporation-kgc-215737497.html 

IAMGOLD (IAG):  Another stock to keep an eye on is IAG with trending higher earnings, similar to Kinross. However, IAG offers no dividend and is about $5 at a recent high.  Keep an eye on the gold prices over the next month because IAG earnings as well as KGC could surge if Gold starts climbing higher as predicted by many economic pundits.  

If interested in other current watch stocks recently opined on here, scroll back to see posts on other stocks we are watching.  

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.
_____________

Update on world events: A "Chat" talk on Energy needs of AI - URA - and other stocks to Watch.

 

Market Talk

With the Fed reducing interest rates, some stocks would seem to be geared up to possibly do well. Refer to the prior post on further views here at StocksTOwatch.

 

Stock Talk

Before covering specifics, there are things happening in the world that bring to mind a few stocks and symbols,  These are presented here for the reader, if interested, to explore on their own. Most with the exception of GEV and URAX have been presented in previous posts.

  URA, PLTR, MO, KGC, IAG  ,  highlighted recently

  DVN, VTLE,   Energy. oil and nat gas reserves in America.

  URAX, double bull nuclear play, maybe short term

  GEV , spinoff of GE in natural gas turbines, above the typical sp range of stocks here but watching  for dips.

speculative Biotech : ONCY , just a "some" stock highlighted here near a buck.

____________________

The advent of AI onto the world's table has created new perceived needs by the data centers required to support AI.  One such need based on demand is the humongous cry for energy required.  To address that question, I inserted a query into the number 1 AI application  used today, Chat gpt itself:

___________

"The energy required for a ChatGPT query versus a Google search can differ significantly due to how each system operates.

1. Google Search: Typically, Google searches are computationally lighter since the system mainly retrieves and ranks web pages. The process involves web crawling, indexing, and retrieving information from pre-built data structures (search indexes). Google also optimizes for energy efficiency across its vast data centers.

2. ChatGPT Query: Large language models like GPT, on the other hand, are more computationally intensive because they require processing vast amounts of data in real-time. When you make a query to ChatGPT, the system runs a neural network with billions of parameters, generating a response from scratch rather than retrieving it from a pre-built index. This makes the energy consumption higher compared to a search engine query.

Estimations

• Google Search: A single search typically consumes about 0.3 watt-hours of energy (based on estimates for the infrastructure and network energy use).
• ChatGPT Query: Estimates for a single inference from large models like GPT-3 can range between 10 to 100 times more energy than a Google search, depending on the model size and the complexity of the query.

The specific energy difference varies based on factors like data center efficiency, model size, and the complexity of the query."   Chat gpt response to query on 09/24/24

__________________________

one energy ETF to watch-  URA

 Using the above energy example points to a huge need for increasing energy capacity, an ETF on Nuclear energy may be one to watch with an over 6 % dividend is  -   URA.  

 

A Tech stock to consider:  Palantir Technoligies (PLTR)

This tech stock is in the news as a leading AI company that is embedding their predictive and planning AI software into government computers.   Their software has been helping the Ukraine.  It is starting to gain traction into industry and from watching company leaders, PLTR is very American in support of liberty and freedom and helping defense from our adversaries and enemies. The company has positive earnings, albeit a small eps of 0.17 and a PE of 216 -so far.  PLTR presents as a leading growth stock in the AI sector to possibly start inching into with "some" shares as it joins the S&P 500.

Other Stocks to Watch in this market?

Altria Group, Inc (MO) :   MO already has one of the highest paying dividends in the entire market.  MO has been consistently increasing their dividend to shareholders year after year.  With the Fed signaling lowering interest rates in September - MO continues to be a stock to watch.  After shareholders get their dividends some bail.  It went ex dividend yesterday. On the other hand, the Fed is cutting rates this week, making high dividend stock like MO look better to be in some.  Watching MO for a dip may be opportunity to inch into one of the highest dividend paying stocks with positive eps.

The analysts compare estimates vs actual and rate stocks.   MO has shown consistent earnings, but if they miss by a just a few pennies, the market gets skittish.  The last quarter MO missed by a few cents but actually showed very good $1.31 eps, the same as last year.  When the daytrader's knee jerked sold - the  dip created a buy opportunity in the high 40's.  Watch MO for "buy some" opportunities if interested in one of the highest dividend paying stocks in the market.

Kinross Gold (KGC):   The fiat currencies in the US and the world are being devalued by increasing money supply and inflation. Gold has NOW recently passed the stubborn $2600 / Oz level.   Kinross Gold has been highlighted here showing the mining footprint that spans Canada and the Americas. Suggested in the 6's, the current times of loose fiscal policy to buy votes point to staying the course with Kinross because support and a next level run on surging Gold, along with a stable dividend makes KGC a relatively solid stock to hold some. I'm staying / holding some stock in Kinross. May add more KGC on market dips.  The BRICS moves towards a digital currency could seriously threaten the US dollar.  Gold could easily double and more in the not too distant future and a Gold miner like Kinross with already growing eps and dividend could earn reward in share price.

https://stockstowatch.blogspot.com/2024/04/

https://finance.yahoo.com/news/why-kinross-gold-corporation-kgc-215737497.html 

IAMGOLD (IAG):  Another stock to keep an eye on is IAG with trending higher earnings, similar to Kinross. However, IAG offers no dividend and is about $5 at a recent high.  Keep an eye on the gold prices over the next month because IAG earnings as well as KGC could surge if Gold starts climbing higher as predicted by many economic pundits.  

If interested in other current watch stocks recently opined on here, scroll back to see posts on other stocks we are watching.  

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.
_____________

Some Stocks to Watch in ever changing markets - MO, KGC, IAG and an AI stock- PLTR

 

Market Talk

So this is the week the  Fed meets to decide and announce the long awaited interest rate cut . The "market' ponders if the Fed will reduce by 25 or 50 basis points to start an expected series of rate cuts to stimulate a slowing economy. On one hand, a conservative approach would be a 25 basis point cut where a 50 basis point cut would be recognition that the economy is in more need of a kick start to avoid a recession.  Last week the polls had a 25 in the lead, this week- the trend view is a 50 point cut.   The 50 would favor the housing market that needs a boost. The whole idea of why it matters is that the Fed's goal of managing inflation while trying to keep positive employment numbers is called the "soft landing" from a hot inflationary economy.

To put it in terms of a deck of cards, there are several wildcards and Jokers in the deck.  Taxes, debt, and spending for political purposes can spin outcomes.  And one thing- stagflation is not off the table of the future.

The remaining of this September is hard to predict market action.  Falling interest rates can be good for some stocks. It is possible that a scenario could be positive for some tech stocks.  At the same time, as fed rates go lower, certain financial instruments that have been paying good interest rates may become less attractive.  A few stocks that pay higher dividends than prevailing institution rates makes one ponder if such a stock may catch buy side interest.  On the other hand it can be a volatile and changing market in an election year.  Is this confusing?   Let's look at some stock notions.

Stock Talk

Altria Group, Inc (MO) :   MO already has one of the highest paying dividends in the entire market.  MO has been consistently increasing their dividend to shareholders year after year.  With the Fed signaling lowering interest rates in September - MO continues to be a stock to watch.  After shareholders get their dividends some bail.  It went ex dividend yesterday. On the other hand, the Fed is cutting rates this week, making high dividend stock like MO look better to be in some.  Watching MO for a dip may be opportunity to inch into one of the highest dividend paying stocks with positive eps.

The analysts compare estimates vs actual and rate stocks.   MO has shown consistent earnings, but if they miss by a just a few pennies, the market gets skittish.  The last quarter MO missed by a few cents but actually showed very good $1.31 eps, the same as last year.  When the daytrader's knee jerked sold - the  dip created a buy opportunity in the high 40's.  Watch MO for "buy some" opportunities if interested in one of the highest dividend paying stocks in the market.

Kinross Gold (KGC):   The fiat currencies in the US and the world are being devalued by increasing money supply and inflation. Gold has NOW recently passed the stubborn $2600 / Oz level.   Kinross Gold has been highlighted here showing the mining footprint that spans Canada and the Americas. Suggested in the 6's, the current times of loose fiscal policy to buy votes point to staying the course with Kinross because support and a next level run on surging Gold, along with a stable dividend makes KGC a relatively solid stock to hold some. I'm staying / holding some stock in Kinross. May add more KGC on market dips.  The BRICS moves towards a digital currency could seriously threaten the US dollar.  Gold could easily double and more in the not too distant future and a Gold miner like Kinross with already growing eps and dividend could earn reward in share price.

https://stockstowatch.blogspot.com/2024/04/

https://finance.yahoo.com/news/why-kinross-gold-corporation-kgc-215737497.html 

IAMGOLD (IAG):  Another stock to keep an eye on is IAG with trending higher earnings, similar to Kinross. However, IAG offers no dividend and is about $5 at a recent high.  Keep an eye on the gold prices over the next month because IAG earnings as well as KGC could surge if Gold starts climbing higher as predicted by many economic pundits.  

Oil Patch view:  Highlighted here before, Devon Energy (DVN) beat earnings estimates last report. But, oil prices are somewhat fading along with oil patch stocks.  China's energy demand has been decreasing due to a slowdown.  The oil patch sector can be volatile and is sensitive to economic outlook.  Moved to the sidelines on oil stocks.  But some may present a buy opportunity as the swoon winds down.

A Tech stock to consider:  Palantir Technoligies (PLTR)

This tech stock is in the news as a leading AI company that is embedding their predictive and planning AI software into government computers.   Their software has been helping the Ukraine.  It is starting to gain traction into industry and from watching company leaders, PLTR is very American in support of liberty and freedom and helping defense from our adversaries and enemies. The company has positive earnings, albeit a small eps of 0.17 and a PE of 216 -so far.  PLTR presents as a leading growth stock in the AI sector to possibly start inching into with "some" shares as it joins the S&P 500.

If interested in other current watch stocks recently opined on here, scroll back to see posts on other stocks we are watching.  

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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