Well, CRON joins the few pot stocks that have broken out the black in, and it looks like they're going to pull a reversal back from $14 for significant upside if their previous high of $25 is a long term resistance point. The technicals are still bearish, so you might want to wait for some confirming momentum, but don't wait too long and let this rally pass you by.
I keep a watchlist of precious metals and materials stocks that I watch as a barometer of the value of their underlying commodities as well as the market's sentiment on putting capital into safe harbor investments in times of market headwinds. Well, I've written quite a bit about this with my other articles about Kirkland Lake and Franco Nevada Corp, so see those...
I keep a watchlist of precious metals and materials stocks that I watch as a barometer of the value of their underlying commodities as well as the market's sentiment on putting capital into safe harbor investments in times of market headwinds. Well, I've written quite a bit about this with my other articles about Kirkland Lake and Franco Nevada Corp, so see those...
DOW30 looks like a landslide, and don't be fooled by any bouncing dead cats. This is the start of the new trade war chapter, and it's just in time for a classic May sell off after one of the biggest Q1s in years. I foresee a rough and choppy Summer, and my capital is in low and mid cap utilities and REITs and some bond funds. I'm watching consumer staples, but...
I like to hold EDV as a long term treasury note fund as both a market hedge as well as a haven during correction cycles. This is one of three ideas on bond funds as market hedges.
This goes along with my idea about BND, but BLV is another bond ETF I buy to hedge against the market that's also a haven against corrections. I've got a lot of funds cycling around this morning as I'm admitting to myself that this tariff hike is happening and there's nothing going to come out last minute to stop it.
I'd already been holding KL, but FNV caught my eye after positing a solid 32% earnings surprise and a volume spike to accompany it. I like they because they're diversified across more commodities than just gold and precious metals, and they're doing well in a sector that's seeing a lot of established players losing money. Technicals are looking good with the...
Tariffs are going into effect, and what worked before doesn't anymore. Unless we come out with a surprise deal (news quotes are supporting that), it's going to be the second correction wave that the bears have been growling about since January. Materials are a good defensive sector, and gold miners particularly. Gold has a tendency to rise in market corrections...
As investors seek alpha plays outside of the S&P500 and DOW30, I expect that the pot stocks will heat up again. IIPR is a great one, especially since they're a REIT and have to deliver profits to shareholders in the form of dividends, but also because its one of the few pot stocks to make it on to a major market index: the Russell 2000. This is definitely a...
Ventas is looking good, and the older generation continues to require healthcare no matter the prevailing market conditions. This healthcare REIT focuses on senior care, healthcare services, and medical research and laboratory facilities. These are all fairly inelastic demand services, and have very little impact from international trade. This is a great safe...
Textron produced a solid 15.85% earnings surprise and the stock rallied but the bears and profit takers formed a shooting star doji. I imagine that 7% gain was just too much for one day, so we'll have to settle for 4% and watch to see if a trend sets in to hammer back out the remaining 3% from today's high. They didn't seem to enjoy a Q1 2019 rally like most of...
I've been holding AJRD this week, and it's one of the few stocks that's doing well for me in the current climate. Despite the current market headwinds, it's posing to breakout into a rally. The earnings surprise is good, and the supporting technicals are better. The volume spike on earnings indicated that this could be a strong reversal, and it certainly looks...
Well, OXY outbid them on Anadarko, but the market seems to be cheering CVX for that. They're posing a strong rally against the current market headwinds, and volume spiked yesterday along with a solid 3.14% earnings. The MACD histogram just broke positive, so the MACD may break positive soon after if this holds. DM+ just crossed over DM-, and RSI just crossed...
I picked up CONE with a few other REITs last week anticipating a possible May meltdown, and it's the one that's left in my portfolio. It's been weathering the current correction pretty well, and I don't foresee that correction ending until some better news from the US/China trade negotiations comes out. CONE is doing great financiall, and they posted an 870%...
I've been trying to rebuild my portfolio over the past week, and PSA is looking like a good REIT to seek alpha against this prevailing market headwind. REITs are good because landlords collect rent no matter what tariffs or any other market factors look like. Public Storage has a customer base with a fairly inelastic demand, and they have an excellent...
Southern Company is a good play to make now both because all the Southerners are starting to turn on their air conditioning and about to inflate their electric usage dramatically. The utility sector is a great play to hedge against down market environments, and it looks like the big investors are already putting money into the sector to deal with the trade war...
Ameren is doing well, and a 15% earnings surprise last week helps. The utility sector is going to find some renewed interest as investors seek safe harbors to weather this trade war storm. Utilities are great defensive plays because they provide services to an inelastic demand, so they're not affecting by imports or tariffs, and people aren't suddenly going to...
I have three bond funds that I use for a regular market hedge as well as a possible target for short-term down market conditions. Unless some last minute Hail Mary comes out on this US/China trade dispute, I expect the rest of May and maybe June and July to be difficult months to weather in stocks. There's some money to be made, but it'll require strict...