Long Term

My 10 Penny Stock Homeruns Pick #9: Lithium Americas (LAC)

My 10 Penny Stock Homeruns Pick #9: Lithium Americas (LAC)

This week Lithium Americas’ efforts to develop a huge new lithium mine at Thacker Pass in Nevada got a big a boost when the Department of Energy announced a $2.26 billion loan to the company to build processing facilities at the project. This gives the company the financing it needs to take the mine to first phase production scheduled for 2027. Plans call for producing 40,000 tons of battery grade lithium carbonate per year when the first phase of production begins.

Long-term investors! This is the most important trend to think about–the global savings glut is ending

Long-term investors! This is the most important trend to think about–the global savings glut is ending

Way back in 2005, shortly before he became chair of the Federal Reserve, economist Ben Bernanke proposed that the world was seeing a long-term glut of savings. With the world awash in cash as a result of massive numbers of people in the developing world entering the job market, and as the Baby Boom generation (and others) hit its peak earning years, and as relatively low inflation and rising real wages freed up more cash for many consumers, long-term interest rates would stay low and remain low for longer. The thesis looks, in retrospect, to have been massively correct. The global economy did experience a long period of extraordinarily low interest rates, with interest rates turning negative for important chunks of the the world. Now, it looks like the long-term trend has gone into reverse. We’re headed into a period of cash scarcity.

Nvidia lifts most but not all tech boats

Nvidia lifts most but not all tech boats

Yesterday, Thursday, February 22, Nvidia (NVDA) gained 16.40% at the close after beating Wall Street expectations on earnings and revenue after the market close on Wednesday. And then raising guidance for the rest of 2024. But what most interested me on Thursday were what tech stocks Nvidia carried higher with it–and which stocks it didn’t.

Yes, I’d buy Palo Alto Networks today–with these caveats

Yes, I’d buy Palo Alto Networks today–with these caveats

After yesterday’s earnings report–the company beat Wall Street estimates for the quarter–and radically lower guidance for next quarter and the rest of 2024–total billings for next quarter will grow by just 2% to 4% and revenue for all of 2024 will grow by just 15% to 16% from 2023–shares of Palo Alto Networks (PANW) took a big hit right between the eyes. The stock fell 28.44% at the close and lost $104.12 a share to $261.97. What do I recommend? I’d say “buy” with a couple of caveats. Why buy?

Palo Alto takes a beating after it lowers guidance; preview of Nvidia tomorrow?

Palo Alto takes a beating after it lowers guidance; preview of Nvidia tomorrow?

t should be a familiar story in this priced-to-perfection market: Company beats big in current quarter but lowers guidance and stock takes a dive. Latest victim? Palo Alto Networks (PANW). The stock is down 14.09% at 4:30 New York time today. And with Nvidia scheduled to report tomorrow after the close, you can bet the market will be on edge tomorrow.

The surge in the U.S. debt couldn’t be coming at a worse time

The surge in the U.S. debt couldn’t be coming at a worse time

The United States is on a pace to add nearly $19 trillion to its national debt over the next decade, according to a new report from the Congressional Budget Office released today, Wednesday, February 7. The budget office projected that the annual deficit will grow to $2.6 trillion in 2034 from $1.6 trillion this year, adding $18.9 trillion to the national debt during the decade. By then, the debt is projected to surpass $54 trillion.

Special Report: 10 Penny Stock Home Runs–Pick #1 LAZR, #2 PILBF, #3 GWH, #4 NLLSF, #5 LYSDY, #6 VWDRY, #7 LCCTF

Special Report: 10 Penny Stock Home Runs–Pick #1 LAZR, #2 PILBF, #3 GWH, #4 NLLSF, #5 LYSDY, #6 VWDRY, #7 LCCTF

Usually I start off one of these stock-picking Special Reports by building a paradigm that I can use to screen for the kind of stocks I’m looking for. For this Special Report: 10 Penny Stock Home Runs I’m going to reverse that process and begin with the 10 picks.My first pick is Luminar Technologies.