This could be the week where incertainty will reigns on many fronts.
Politics will definitely have its say especially in Korea where war games will have North Korea continues to treat the US with empty rhetorics but annoying anyways.
Markets have also started to trade in range bound: NOT GOOD and could signal a shift in direction probably in the negative as we are overdue and i do think markets are way overbought. This may not happen this week but it is definitely coming. Maybe a good time to build some cash reserve and remove some bad ones from the portfolio.
There is an interesting one for the shorter called SDRL that is suppose to complete its reorganisation leaving actual shareholders in the dark. This is not one that i like too much but if they reorganize as they say, there could be some money to be made by shorting it but again be very careful and don't forget your stops loss.
Banks may not be the winners this week. The FED is not really interested in another interest hike this year because of inflation under control and this should give a little boost to GOLD. So i would avoid that sector this week and get some profits off.
Giant Amazon (AMZN) will not leave it there in regards of retail. Actually i think they will continue to eat up more. So i would be a buyer of AMZN and seller of most of the retail companies to the exception of Best Buy (BBY) that i think will continue to survive simply because they have invested a lot on internet buying and their way of doing it is exceptionally good.
Alphabet (GOOGL) is mostly stock in range bound trading and could be headed for more trouble as they will definitely suffer from higher advertising cost. They do have great products coming but not enough in my opinion to counter balance the expense problems. I expect another month or two largely trading sideways or at a 2-3% value loss.
Great Panther (GPL, GPR in Canada) is still a mystery. I think the problem is mostly related to silver value being way way to much volatile but GPL is getting ready to explode. Nice company without long term debt and profitable. Should be well above 2$. Nice profit to be made here if patience is one of your quality......
Ford (F): no change in my opinion about stock trading to continue nearing 10,50$ (lowest in 4 years) and maybe a temporary drop around 10$. Great value and great time to get in a bit a the time.
Rite Aid (RAD) That merger, euh, sale has been refiled (was to be last week) and they have now a new date of September 28th (or kind of) date to have their plans......reviewed. Not sure that those 2 management boards are planning but there is 1 question remaining: what happen to the clause of non-competitive deal that was to last 60 days? Is this not supposed to be ended by August 31st ? If this is still right who else will try to buy Rite Aid ? FRED......AMZN......Who else? Sure they know now how to get their share value going down and they now have mastered this art. STAY PRUDENT.
Hovnanian (HOV) is continuing its descent and unless something interesting happen, well they could break the 2$ limit then it could go as low as 1,60$. So this one is only good for some rapid trades hoping to grab 2-3% profit at the time.
Meg Energy (MEG TSX): Great upside to come. Definitely a good buy and its the same for Suncor (SUN) but a lot less volatile.
Yamana Gold (AUY YRI on the TSX) goes with gold value and actually good be a great one for some fast trades as volatility should continue to be high on Gold.
Have fun and stay tuned for some alerts this week
Politics will definitely have its say especially in Korea where war games will have North Korea continues to treat the US with empty rhetorics but annoying anyways.
Markets have also started to trade in range bound: NOT GOOD and could signal a shift in direction probably in the negative as we are overdue and i do think markets are way overbought. This may not happen this week but it is definitely coming. Maybe a good time to build some cash reserve and remove some bad ones from the portfolio.
There is an interesting one for the shorter called SDRL that is suppose to complete its reorganisation leaving actual shareholders in the dark. This is not one that i like too much but if they reorganize as they say, there could be some money to be made by shorting it but again be very careful and don't forget your stops loss.
Banks may not be the winners this week. The FED is not really interested in another interest hike this year because of inflation under control and this should give a little boost to GOLD. So i would avoid that sector this week and get some profits off.
Giant Amazon (AMZN) will not leave it there in regards of retail. Actually i think they will continue to eat up more. So i would be a buyer of AMZN and seller of most of the retail companies to the exception of Best Buy (BBY) that i think will continue to survive simply because they have invested a lot on internet buying and their way of doing it is exceptionally good.
Alphabet (GOOGL) is mostly stock in range bound trading and could be headed for more trouble as they will definitely suffer from higher advertising cost. They do have great products coming but not enough in my opinion to counter balance the expense problems. I expect another month or two largely trading sideways or at a 2-3% value loss.
Great Panther (GPL, GPR in Canada) is still a mystery. I think the problem is mostly related to silver value being way way to much volatile but GPL is getting ready to explode. Nice company without long term debt and profitable. Should be well above 2$. Nice profit to be made here if patience is one of your quality......
Ford (F): no change in my opinion about stock trading to continue nearing 10,50$ (lowest in 4 years) and maybe a temporary drop around 10$. Great value and great time to get in a bit a the time.
Rite Aid (RAD) That merger, euh, sale has been refiled (was to be last week) and they have now a new date of September 28th (or kind of) date to have their plans......reviewed. Not sure that those 2 management boards are planning but there is 1 question remaining: what happen to the clause of non-competitive deal that was to last 60 days? Is this not supposed to be ended by August 31st ? If this is still right who else will try to buy Rite Aid ? FRED......AMZN......Who else? Sure they know now how to get their share value going down and they now have mastered this art. STAY PRUDENT.
Hovnanian (HOV) is continuing its descent and unless something interesting happen, well they could break the 2$ limit then it could go as low as 1,60$. So this one is only good for some rapid trades hoping to grab 2-3% profit at the time.
Meg Energy (MEG TSX): Great upside to come. Definitely a good buy and its the same for Suncor (SUN) but a lot less volatile.
Yamana Gold (AUY YRI on the TSX) goes with gold value and actually good be a great one for some fast trades as volatility should continue to be high on Gold.
Have fun and stay tuned for some alerts this week
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