Oil Stocks for the War Rally

You’re probably aware that a few high-level Iranian military officers were killed in an airstrike on the Iranian embassy in Syria a couple of weeks ago.  Israel hasn’t taken credit, but it’s pretty obviously part of Israel’s war against Hamas – because Hamas is backed by Iran, as are Hezbollah and the Houthis. The U.S. […]

A Broad Commodity Rally Is Here

Today the CPI which is the Fed’s gauge of inflation came in higher than expected and the market sold off. The biggest inflation movers were rent and gasoline.  Rent of primary residence jumped 0.4% in March.  This number has gone up at least 0.4% for 31 consecutive months.  Despite what you hear on the news, […]

Speculators: A Copper Penny Stock

A couple of weeks ago, Nvidia held its annual GTC developers conference. Developer conferences are where tech companies tease their upcoming products to get developers fired up about what new capabilities they will have to work with. Developers are key to a tech product’s success – if they don’t make cool apps and software for […]

The Best Silver Trade, Hands Down

The Best Silver Trade, Hands Down Silver just hit a two-year high and is close to breaking out above a five-year high.  The precious metal is going up in value for several reasons.   Things like oil, gold, and copper are undervalued and looking for a reversal to the mean.  This trend could continue as the […]

Own The Las Vegas Strip

Book a couple nights in Vegas at Caesars Palace or Harrah’s, lose a little loot in their casinos and you could joke that you’re simply rendering unto Caesar that which is Caesar’s… After all, those properties are part of Caesars Entertainment’s (NYSE: CZR) casino empire. At least sort of… Caesars owns the name on the […]

Night in the RUTs

Night in the RUTs When I was a young lad in the late 1970s, my older brother had an Aerosmith concert t-shirt back when they still played interesting music. The shirt read “Night in the Ruts” on the front. On the back, the “N” and “R” were crossed out and transposed with a graffiti font, […]

How FOMO Rules the Market

FOMO MOFO FOMO – the Fear of Missing Out – seems to be really in play for the stock market these days. I’d say it’s an oversimplification, and maybe a little mean-spirited to chalk FOMO up to jealousy.  Of course, we sometimes suffer pangs of envy when we see something that another person has that […]

Chart of the Week: Cocoa Prices Go Nuts

Chart of the Week: Cocoa Prices Go Nuts You had better stock up on chocolate.  Due to flooding and blight in West Africa where most cocoa beans are grown, the price has gone parabolic. Companies that process raw cocoa can’t afford to buy the beans.  Companies like Hershey (HSY) have seen their share price drop […]

Bombs Hit Oil Refineries

Bombs Hit Oil Refineries About a week ago Ukraine sent 35 drones to attract Russian oil and electricity infrastructure.  Reuters estimated that the attacks halted 7% of Russian refining capacity. According to Business Insider, about 600,000 barrels of Russia’s daily oil-refining capacity had been affected by Ukrainian drone strikes. JPMorgan Chase & Co estimated that […]

Cities Are Dead

Cities Are Dead Fred Cordova CEO of a real estate consultancy based out of Santa Monica recently declared that a third of all office buildings will have to be torn down.  He said in Fortune Magazine: “There will be a bifurcation…The product in a good location with a good, safe environment will recover. And then […]

CEO Wars!

Steelmaker Cleveland Cliffs’ (NYSE: CLF) CEO Lourenco Goncalves just ripped his counterpart at U.S. Steel (NYSE: X) a new one, saying “These types of people need to go.” Here’s the background: Back on December 18, 2023, Nippon Steel won the bidding war for U.S. Steel (NYSE: X). The fourth-largest steel company in the world’s $55 […]

A Small Bet on the #2 Horse

Engineering marvels tend to be small. Microscopic nanotech robots, sub-atomic qubits for quantum computing, transistors so small you can put 15 billion of them on an iPhone chip, and that chip so small it actually fits in an iPhone… But one of most advanced engineering feats of engineering is massive:  That machine weighs 330,000 pounds. […]