malvinspooner

malvinspooner

Despite up-tick (short-covering?) Friday, and less vulnerability to coronavirus, Netflix has extremely high valuation compared to others which puts it at risk for further correction.

malvinspooner

The valuation of Amazon is much higher than the FB or AAPL so is at more risk to fall much further. The up-tick on Friday was likely short covering. Supply of product (supply chain) and disruptions to international trade will hurt revenues and earnings.

malvinspooner

Up-tick Friday was likely short-covering. Expect more down action as investors try to determine impact of coronavirus on supply chain and iPhone demand.

malvinspooner

Friday's up-tick was likely short-covering. More downside as analysts try to determine impact of coronavirus on supply chain and demand for iPhones.

malvinspooner

Friday's up-tick was likely just short-covering. The selling isn't over yet especially for the tech sector.

malvinspooner

Normally inflation falls when there's a recession, but this time that is not happening. Central banks (including the FED) have pumped too much liquidity into the system over recent years and even with the threat of recession, we're seeing some scary inflation data. From the U.S. Bureau of Labor Statistics: "For the year ended January 2020, within final demand...

malvinspooner

Tech stocks beating may meet resistance soon. This ETF may be bought at $25 based on my interpretation of chart.

malvinspooner

Chart tells me $70 will be a good entry point for this battered (down about 17%) technology ETF.

malvinspooner

The company's cancellation of the mega Frontier Oil Sands project put downward pressure on the stock, but it will improve cash flow in the future. Trading at roughly 3X cash flow (using terrible 2019 as cash flow estimate) with little debt and $1 billion of cash on the balance sheet, the company could be a target.

malvinspooner

I'm assuming earnings for 2019 were about $165 for the S&P 500 index (based roughly on consensus estimates). If growth in earnings manages 5% for 2020 that implies earnings of 173 and at 15X (normal P/E) the index should fall to about 2600.

malvinspooner

The blockades by protesters in Canada (against gas pipeline) will hurt revenues and earnings this quarter more than expected. Earnings projections by analysts and investors will have to be revised downward.

malvinspooner

The stock has been pumped due to recent share issue so some 'settling down' taking place, but earnings should shoot up as rail in Canada was shut down by blockades (protesting gas pipeline) forcing customers to switch to trucking. Lower fuel costs and new NYSE listing should cause stock to rise in coming months.

malvinspooner

With a yield-to-maturity of only 2%, how much lower can it go (or prices of bonds rise) given that the 'real' rate of return is now negative? Deteriorating global economic growth will soon cause spreads to widen (a good portion of these ETF bond funds are in higher yielding corporate bonds) which will hurt bond prices.

malvinspooner

With inflation rearing its head of late, and sectors of the economy prone to deteriorate due to coronavirus, narrow junk bond spreads will likely widen - pushing down the prices of high yield bonds.

malvinspooner

As a riskier but potential more rewarding play on rising copper demand (China post-coronavirus) and prices, Western Copper and Gold (WRN) looks interesting.

malvinspooner

Freeport McMoRan is the largest global supplier of copper. China is a massive consumer of the commodity. Economic stimulus and reboot of China's economy will increase demand for the commodity and prices.

malvinspooner

Despite slowing global growth, copper should see a rebound due to the re-start of the Chinese economy - a massive consumer of the metal.

malvinspooner

The worst of the troubled industry seems to be over. Good results from Canopy and continued management restructuring in other companies having the desired effect. Oversold sector has room to go 'higher'.