Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Stockchase Discover and Kevin O'Leary commented about whether FDX-N, ADBE-Q, DIS-N, CRYPTO:ETH, ALB-N, FCX-N, CCO-T are stocks to buy or sell.
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BUY
Allan Tong’s Discover Picks Despite these realities, nuclear is coming back and so is uranium, its essential ingredient. Cameco is the go-to stock here. U.S. President Biden announced in early June that he’s pushing for $4.3 billion plan to buy enriched uranium from domestic producers to wean the country off Vladimir Putin’s supply. On June 7, shares of Cameco soared from roughly $31.40 to $34.40. Shares peeled back over the rest of the week, but remained well above $32.50. Even prior to that, Cameco was making 52-week highs, touching $40 in mid-April, nearly double its late-January price. Cameco has momentum. Read 3 rock stars of the mineral stocks for our full analysis.
integrated mines
BUY
Allan Tong’s Discover Picks FCX is the copper name for many wealth managers turn to who applaud the company’s robust balance sheet, share buybacks, steady 1.42% dividend yield and recent strong recent quarter. In the first three months of this year, FCX shares jumped 19%, the surrendered those gains in April, a victim of that month’s panic selling but also the company’s own strong quarter. FCX beat the street’s top and bottom lines for Q1 2022, but management slightly reduced the outlook for copper sales from 4.3 (2022) and 4.5 (2023) billion pounds as announced in Q4 2021 to 4.25 billion and 4.45 billion respectively. The street reacted harshly and the spring sell-off was overdone. Read 3 rock stars of the mineral stocks for our full analysis.
non-base metal mining
RISKY
Allan Tong’s Discover Picks Lithium shares are another story: they are speculative. Like many precious metals, lithium wakes a lot of time, sweat and money to extract. One of the leaders in this space, Albemarle, boasts a chart that is not a straight upward line like the price of lithium, but a rollercoaster, ranging from $157.82 to $291.48 in the past year. ALB has been a little more stable in the past month, ranging between $230 and $260 (broadly speaking). What’s working in ALB’s favour, though, are recent earnings estimates: $2.65 EPS this quarter, which is 197.75% higher than a year ago, and $12.63 full-year or 2.21.62% from a year ago. Last month, the company raised its full-year 2022 adjusted EBITDA up more than 160% over 2021. Lithium demand and pricing is catching up to the stock price. Read 3 rock stars of the mineral stocks for our full analysis.
Mining
BUY
Crypto outlook He owns Bitcoin, Coinbase and many other cryptos and he's been in pain. He predicts in the next week or so, a big player will go to zero. Some of these are over-levered, so when they blow up, there will be panic and a bottom. Ethereum has been crushed, but it's his pick.
Cryptocurrencies
SELL
In recent weeks, he has sold 80% of his Netflix shares. He finally got back to above water from a horrible purchase at $219 from collecting a lot of premiums, call sales against it. Freevee on Amazon US is category-killer. Netflix is not ready to get there as quickly as they need. Also, they need a sales force to execute the ad-supported business model. He doubts they are ready. He prefers to shift his money into Amazon, which he was buying yesterday at $102-103.
Technology
BUY
In recent weeks, he has sold 80% of his Netflix shares. He finally got back to above water from a horrible purchase at $219 from collecting a lot of premiums, call sales against it. Freevee on Amazon US is category-killer. Netflix is not ready to get there as quickly as they need. Also, they need a sales force to execute the ad-supported business model. He doubts they are ready. He prefers to shift his money into Amazon, which he was buying yesterday at $102-103.
specialty stores
SELL
He sold 20 positions and now has his highest cash position (over 60%) since 2008. The reason is that he doesn't know what will happen with the economy and is bracing for a big decline if that happens. If so, he will buy back these shares at a lot lower price. He sold Gap, among others. He often gets Gap emails touting 60-70% off. He sold many retailers, because he expects them to slash prices to move inventory. Higher interest rates are another worry.
specialty stores
COMMENT
Time to be in income and some growth stocks? All eyes are on the Fed later this afternoon. Fed policy decisions have dominated the headlines. Abrupt u-turn from easing to tightening. The aggressiveness proposed for tightening has shocked the markets. Main motivation is to try to get inflation under control. It's more persistent than the Fed first thought, and the war in Ukraine is exacerbating things. Pockets of the market offer good value, those that are defensive and income-oriented. Growth stocks that have really strong fundamentals in terms of earnings and cashflow. Valuations in both have come down.
COMMENT
Favour profitable big tech with strong record of increasing profits? Absolutely. Money has come out of the most speculative parts of the market. Companies with strong fundamentals and cashflow have a lot of options to create value if we were to have a recession. Product domain will likely remain strong, spin off lots of cash, buy weaker competitors, buy back shares.
