While the rest of the world is looking at NVDA (up 13%) atm, may I point out our off the radar, European steel stock is up 11% on earnings. Solid company.
Eye's and teeth! Boomers are spending on both. Two stocks reported today that I like for the long haul. HSCI--> $$79.92 EYE---> $21.99
HSCI had what some may say was a bad report. I disagree. They had problems because of a huge hack on their production and supply data bases. Worth noting, they're forecasting revenue growth of 8%-12%. Impacts of the hack will still be realized in the current quarter, but imo, that's a one time event. Both stocks have high institutional ownership, which I like. Never chase a stock, be patient and put it on a shopping list. If it keeps climbing, then you have to adjust your shopping list price up... but they always pull back. Always wait for a day the tide pulls out in a big way, or sell the puts month to month, depending on their juice.
Something worth noting here, look at all the stocks that are somewhat related to BTC. In the last week alone, 100's of billions in marketcap have been created out of thin air. Now I don't have an opinion one way or the other on Bitcoin itself... but I will say this.... beware. The last time Bitcoin crashed from $63k down to $20K in 2021-2022 ... no big deal, we all had fun chiding the HODLR's. But this time... I think it's different, because if Bitcoin were to crash now, it is gonna take a whole lot more down with it. And I'm not so sure that wouldn't bleed over to some extent and take all the indexes down a few notches. There's a lot of leverage right now in a bunch of these "bitcoin in the name or description" stocks. Margin calls would come fast. Now I have no idea what the depth of market on the buy-side for Bitcoin is right now, but if it's thin, just know, that is the perfect set-up for one of the big players to make a move, without warning, and hit the sell side hard. If you wanna see a bubble pop, it's not gonna be AI, it's gonna be this one. Again, I have no opinion on BTC itself. It could go to $100K ---> but the bubble BTC has recently spawned.... that's the one that's gonna pop. And then Bitcoin can get back on its way and do its own thing.
Bitcoiners are aware of this... The next bear market will be fun, or... a bailout or something to prevent the next 70% crash from top to bottom btc
Maybe Samsara (IOT) would be interesting?- after a dip back to 29. Read somewhere this could be an interesting one too (multi year), but I totally can not judge stocks, so big block of salt.
“We’re opening up the valve…all of a sudden it’s not just speculators in trouble when Bitcoin crashes, it’s systemic...Bitcoin taking fiat liquidity and going up against this massive pile of unpayable liabilities, that’s the story.” Dylan looks kind of young, but in this case, i like his use of the word "systemic".
This one hit $73 yesterday. $71.67 now. Earnings are on 3/7. It should have decent support at $70 going forward, unless they really blow their report.