Millennial
April 23, 2024 | Daily JAM, Jubak Picks, Long Term, Millennial, Stock Alerts, Volatility |
I certainly understand the sell off in shares of development stage lithium producer Lithium Americas (LAC). Today, April 23, the stock closed at $4.68 a share, down another 1.47%. On April 16 the stock closed at $6.49 after hitting $7.34 on April 11. The culprit? The company closed a previously announced stock offer to 55 million shares at a price of $5 a share to raise $275 million.
You can see the problem, right? Stock is trading at $7.34 or $6.49 and then a big public offer dumps 55 million shares on the market at $5 a share. Ouch!! So I understand the price plunge–36.2% from April 11 to the close on April 23. And as someone who owns shares in his personal portfolio, I can’t say I’m a happy camper. But I will be being more in my personal account three days after this is posted.
March 19, 2024 | Daily JAM, KBWB, Mid Term, Millennial, Videos |
Today’s Quick Pick is Lithium Americas (LAC). Lithium Americas is an American lithium producer, with a big deposit in Thacker Pass that has been going through litigation and delays while struggling to get enough financing with lithium prices down. We’ll likely see a bottom of lithium prices in the second half of 2024 or early 2025, so this is a good time to be getting in near the bottom. Lithium Americas signed a contract with General Motors agreeing that GM would take all the lithium they can produce, the question is, Can they produce it? Recently, the Department of Energy announced they’ll be lending Lithium Americas $2.3 billion to move forward with their processing facility. At the moment, China controls nearly all of the processing facilities for lithium globally and this investment will allow for domestic processing. This loan will cover all their capital costs and enable them to start production. The stock is moving upward, with shares around $6.50 per share. The recent rally has brought the stock back up to the price from December 2023, and the Wall Street consensus is that the stock may hit $11.50 in a year. While that prediction may be a bit ambitious, I think it’s likely we’ll see it reach $9-10, up about a third once they start to actually produce lithium in conjunction with lithium prices going up.
March 17, 2024 | Daily JAM, Long Term, Millennial |
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.
February 21, 2024 | Daily JAM, Jubak Picks, Long Term, Millennial, PANW, Top 50 Stocks, Volatility |
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?
February 19, 2024 | Daily JAM, Long Term, LYSDY, Millennial |
Lynas, one of the largest producers of rare earth minerals outside of China (and one of only two non-Chinese processors of rare earth minerals) is my sixth Penny stock pick for my Special Report.
February 4, 2024 | Daily JAM, GWH, Long Term, Millennial, Stock Alerts |
Special Report: 10 Penny Stock Home Runs Pick #3 ESS Tech (GWH). The stock of this maker of iron flow, utility scale, long-draw-down batteries ticks all the boxes for my Penny Stock Home Runs.
January 30, 2024 | Daily JAM, Long Term, Millennial, Special Reports, Volatility |
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.
November 16, 2023 | Daily JAM, Long Term, Millennial, Top 50 Stocks |
More real world dissent to Wall Street’s view that everything looks great for 2024. On Thursday Cisco Systems (CSCO) shares closed down 9.83% after the networking giant offered up significantly weaker-than-expected guidance for 2024. Wall Street analysts called the guidance “disappointing.” And the same day cybersecurity favorite Palo Alto Networks (PANW) dropped 5.42% after the company lowered its billings forecast for the fiscal 2024 year.
August 13, 2023 | Daily JAM, Jubak Picks, Millennial, Morning Briefing, PANW, Top 50 Stocks |
The key sentiment barometer I’m watching is Palo Alto Networks (PANW), down 13% in the last month on fears that Microsoft (MSFT) is going to gobble up the revenue growth in the cybersecurity space. I think that fear is overblown, at least when it comes to Palo Alto Networks. The stock has long been a favorite of growth stock investors and, if sentiment on market direction for the rest of 2023 is positive I’d expect strong buying in the shares ahead of the Friday, August 18, earnings report. The Wall Street consensus calls for the company to report earnings of 54 cents a share against 15 cents a share in the fiscal quarter a year ago.
July 11, 2023 | Daily JAM, Long Term, Millennial |
Two keys to finding a stock capable of racking up Noida-like gains over the long term: Finding a cheap entry point. And finding a stock from a company with a fast-growing (over the long term) addressable market. (Just as a refresher Nvidia (NVDA) shares are up an average of 61% a year over the last 10 years.) My second pick to meet this challenge: ESS Technology (GWH)
July 7, 2023 | Daily JAM, Millennial, SEDG, Top 50 Stocks |
This breakthrough in solar power isn’t enough to stop global warming by itself, but it sure is enough to upend the entire energy sector within the next five years. Multiple research groups (and “multiple’ is important here because it means there’s more likelihood that the lab results will hold up to scrutiny. Two groups published the details of their efficiency breakthroughs in the journal Science on Thursday, and at least two others are known to have pushed well beyond 30%.) have reported a breakthrough that will push the efficiency with which solar cells convert sunlight to electricity through the 30% level that has been thought to mark the maximum conversion of sunlight to electricity.
June 23, 2023 | ALB, Daily JAM, LAC, Mid Term, Millennial, PILBF, Top 50 Stocks |
Spot lithium carbonate prices (for battery-grade lithium) in China are up 92% from a 19-month low in April. So now what?
