Rocky’s Weekly Stock Picks
The weather is warming up, the world is preparing for World War 3, and Americans are protesting racism by committing hate crimes. Makes perfect sense.
Let’s turn that all off for a moment and worry about things that actually make cents. Besides RIOT.
I think we missed an opportunity for a riot joke. Anyway…
PG - Ex-dividend coming up this week, in addition to being a stable place to rest your money. Options trade weekly on this. So if you have an extra $13,700 in your back pocket, scoop up 100 shares and start earning $100 a week. The upshot here is that volatility is low and you can pretty much guarantee you keep your shares (or sell your shares, if that’s your goal) while getting that better-than-nothing premium.
AIV - A precursory screening resulted in a “maybe”. They appear to have suspended dividend payments, which might change before what would be the next ex-div in May. Options trade weekly. At the moment the share price is in that horrible middle zone between two strikes that already have a wide spread in price.
This REIT deals with residential apartments. We predict there to be a spike in price after the eviction moratorium ends. Rooms can be reclaimed and re-leased to paying tenants, in addition to the inevitable widespread wage garnishing that will help recover unpaid back-rent.
A solid alternative would be ORC, which pays dividends monthly and handles a more predictable segment of the real estate world. Weekly options as well, but premiums are underwhelming.
CMRE - At the moment it’s almost an $10 share price, with monthly premiums coming out to around 5% ATM. The company charters containerships which it owns, both new and used. The HQ is in Monaco, if that means anything. We like to think it does. This is a safe 5% return, with a high probability of share price increasing. Rockydennis Presents recommends CSPs on CMRE.
MAKSY - This stock continues to behave as we expected, and it appears to be gaining some upward momentum. As of the time of this writing the share price is $4.33, and we’re anticipating at least $5 in the near future. Bare in mind this an ADR for a European company, so it might be later than sooner.
CODX - The price is at a low point currently, so now would be a good time to buy with the intent to sell after a $2 increase. In the meantime, options trade weekly.
