Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Larry Berman CFA, CMT, CTA and John Zechner commented about whether GOOG-Q, MRE-T, NOA-T, SIA-T, MFC-T, HBM-T, BNS-T, MRNA-Q, STLC-T, TOU-T, CM-T, SJR.B-T, ENB-T, MDA-T, PFE-N, LNR-T, KL-T, LAC-T, MG-T, T-T, META-Q, QYLD-Q, ZZZD-T, HNU-T, HEP-T, ZMT-T, HURA-T are stocks to buy or sell.
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COMMENT
Educational Segment. When US government is shut down, it is bearish for the economy. However, it depends on the start and ending points. Since markets are depressed right now, it could rally in the coming months. There is the debt ceiling, and the treasury general account running out of money, which could be in the next 3 weeks. There are two paths: either they reconcile and extend the debt ceiling or throw in at the last minute. It is all about the 2022 elections. The plan for dems is to spend all the money now so that the economy is strong next year. Positive on the energy outlook based on politics and trading perspective.
BUY
Bullish on uranium and nuclear must be part of the greening of the world. There are some new investment funds and there are squeezes that are pushing the market higher. It has some legs. There could be some supply shortages if the demand side picks up. Japan and Germany may be looking at turning back on nuclear production.
E.T.F.'s
PARTIAL BUY
Leverage play for natural gas. Clearly getting a breakout in the short term. Thinks oil is capped out and natural gas should trade relative to oil. Can see front month natural gas contracts going for $5. Forward pricing looks like there is room into next year to move further up. An okay way to do it if you can handle leverage. Not for a long term buy and hold.
E.T.F.'s
N/A
Market. The problem in September was some of the warnings from companies. The problem is disrupted supply chains such as for semiconductors. We are overdue for a correction. He expects a 5% pull back. He put some money aside for it. A correction could be worse if valuations continue to go up. Interest rates might migrate slightly higher but there will be no significant increase any time soon. He is taking profits in the energy sector where he has been overweight. Industrials are depressed here. Gold is positioned well. You don't need significant increase in commodity prices.
DON'T BUY
Lithium. The impact of the use in batteries is causing it to grow substantially. There could be supply issues in the short term. He'd go to the battery supply rather than a pure play. These high growth industries with high valuations are the most at risk in a market that is worried about short term interest rates and rising inflation.
Mining
