Millennial

First Quantum Minerals reaches copper deal in Panama; stock gains 3.86% Wednesday a.m.

First Quantum Minerals reaches copper deal in Panama; stock gains 3.86% Wednesday a.m.

First Quantum Minerals (FQVLF) has reached an agreement on a new concession contract with Panama’s government over its huge Cobre Panama copper mine. The agreeent, assuming tht a final signing goes ahead, would end a months-long dispute that has halted ore processing and export shipments. The Cobre Panama mine accounted, before the dispute, for 1.5% of global copper production.

Lithium Americas begins construction on Thacker Pass lithium mine

Lithium Americas begins construction on Thacker Pass lithium mine

Lithium Americas (LAC) isn’t letting any grass grow under its feet. Just a day after the 9th U.S. Circuit Court of Appeals refused a request for an emergency injunction that would have blocked construction at the Thacker Pass, Nevada, the proposed site of what could become the largest North American source of lithium, the company announced that it had begun construction of the massive strip mine.

Please Watch My New YouTube Video: Quick Pick Li-cycle Holdings

Please Watch My New YouTube Video: Quick Pick Li-cycle Holdings

Today’s Quick Pick is Li-Cycle Holdings (NYSE: LICY). Li-Cycle is in the start-up stage of building a hub and spoke system to recycle lithium batteries. As more electric vehicles enter the market, companies that can recycle the lithium from their batteries has drawn a lot of investment dollars, both because fulfilling the green potential of electric vehicles requires closing the battery loop and because recycling provides a supply increasingly expensive of battery materials such as lithium, cobalt, and nickel. And there are new incentives in the field because the Inflation Reduction Act included money for loans/funding for recycling companies. Most of the new entrants are private. One of the few publicly traded battery recycling companies is Li-Cycle. Li-Cycle started as a SPAC, a formerly popular way to take a company, but now the market is largely shunning SPAC companies out of fear that they will run out of capital before they hit breakeven. However, Li-Cycle just announced it had received conditional approval for a $375 million loan from the Department of Energy, allowing it, by my calculations,  to finish their Rochester hub. The hub recovers marketable lithium, cobalt, and nickel from the black mass that the company collects from batteries. Once the hub is completed, it will go from a cash drain on the balance sheet to a generator of cash. This is a risky stock. The shares are down 57% since I added them to my Milliennial Portfolio on November 15, 2021 but they are up 21% for 2023 to date as of March 2. This one is for the strong of stomach willing to take a risk and hold on to it through dips as the company starts to generate revenue and earnings.

Shares of Palo Alto Networks pop on earnings

Shares of Palo Alto Networks pop on earnings

After the market close on February 21, cyber security company Palo Alto Networks (PANW) reported fiscal second-quarter 2023 year-over-year revenue growth of 26% to $1.7 billion. Billings in the quarter also rose by 26% to $2.0 billion. The rock-solid consistency of revenue and billings growth in this quarter and as projected for the rest of the year got a cheer from the market. In after-hours trading shares gained 8.56%.

Wednesday’s rally in the market’s most speculative stocks is the last straw for me: I said I’d be a seller into any post-Fed rally–but what specifically would I be selling? Here are the 12 stocks I’d sell now

Wednesday’s rally in the market’s most speculative stocks is the last straw for me: I said I’d be a seller into any post-Fed rally–but what specifically would I be selling? Here are the 12 stocks I’d sell now

The rally on February 15 sure looked like a speculative blowout of the kind that often signals a market top. For me, it was the last straw and I’m selling into the rally. This post tells you what I’m selling and how I arrived at these decisions. But first, a few words on Wednesday’s move.

Please Watch My New YouTube Video: Quick Pick Pilbara Minerals

Please Watch My New YouTube Video: Quick Pick Pilbara Minerals

Today I posted my two-hundred-and-fifteenth YouTube video: Quick Pick Pilbara Minerals. Pilbara is an Australian hard rock lithium producer. Hard rock lithium comes from mining spodumene deposits as opposed to getting lithium from brine. Turning lithium from brine into the Form of lithium that can be used in a battery requires more processing steps. That can make spodumene a lower-cost source if the deposit is rich enough. Currently, just about all lithium has to be processed in China before going to battery makers. American companies like Tesla hope to open processing plants of their own, and Pilbara has plans to build a test processing facility in Australia. The company will decide in early 2023 if it will go ahead with that plan. The stock is up about 26% for 2022. Pilbara recently released its fiscal first quarter 2023 results with gross sales reaching $1.04 billion, a number that’s nearly equivalent to the total revenue for all of the 2022 fiscal year. Clearly, the company is in the early stages of a growth ramp. I’m adding this stock to my Special Report: “Buy the Future for Pennies with These 10 Penny Stock Picks” on my subscription JubakAM.com investing site (as the # 9 Pick.) I’ll also be adding it to my Millennial Portfolio on that site on Friday, December 10.

Please Watch My New YouTube Video: Quick Pick Defiance Quantum ETF

Please Watch My New YouTube Video: Quick Pick Defiance Quantum ETF

This week’s Quick Pick is Defiance Quantum ETF (NYSEArca: QTUM). I recommend this great piece in Barron’s this week from Eric J. Savitz on the future of Quantum Computing. As Savitz points out, Quantum Computing is likely to be a next big thing in computing. Venture capitalists have recognized this, with 251 quantum-computing start-ups raising $4.5 billion in VC funding since 2017. At this point, there are a lot of different approaches to this technology and it’s too early to tell which of these companies will win out, which is why I’m recommending this ETF. QTUM is down about 26% to 2022 to date, much less than any of the individual quantum startups. With an expense ratio of 0.4%, it’s a relatively cheap ETF. I would expect to see this price dip again in early 2023, though with a very long-term play like this, it’s less important to get in at the very bottom. I’ll be adding this to my Millennial Portfolio, where I have stocks with a really long time horizon, which is available on my paid site, JubakAM.com.

Pick #8 for My Special Report Own the Future for Pennies with my 10 Best Penny Stock Picks: ESS Tech

Pick #8 for My Special Report Own the Future for Pennies with my 10 Best Penny Stock Picks: ESS Tech

Call this bookkeeping. I recommended ESS Tech (GWH) in my November 11 Quick Pick video on Youtube. Today I’m adding it to my Special Report: Own the Future for Pennies with my 10 Best Penny Stock Picks as pick #8. And to my Millennial Portfolio–For Investors With More Time Than Money. The stock is down $6.44% today November 30 to $3.0386, so this seems a good time to buy for patient, very long-term investors. Here’s what I said in that YouTube video.