Rocky’s Weekly Stock Picks
September’s already here and already almost over. Where does the time go?!
This week we see that T is trying to kiss the $22 mark. NIce! We also see that they’ve got a “woman of color” as CEO who is doubling down on DEI. Let’s break this down a little bit.
First of all - we can’t sell now, we’ve got to vote our shares to fight whatever insane proposals this woman comes up with. Second, she’s not really “of color”, she’s Asian. So not really colored, and definitely not a minority.
Now, as well know, Asians have a racial buff to mathematics and intelligence stat. However, they also have a cunning buff and are known to be particularly sneaky from time to time.
What this all adds up to is, we expect to see T hit $24 before dropping down to $15 over the next 18 months. Even if we’re wrong, we can still write calls and collect that good dividend.
Asians and telcoms aside, we can see that the energy sector remains the best place ever to invest. We love oil, and you should too.
Prices quoted around 10:30am on 9/13/2024.
T - $21.64/share, 5.14% yield paid quarterly, options trade weekly. Not much to add here, other than the yield is closer to 6.5%. That’s that Fidelity factor kicking in whenever share price moves significantly in a short time.
ET - $16.11/share, 8% yield distributed quarterly, options trade weekly. Energy Transfer is where it’s at, folks. This is a PTP and therefore will result in a K-1, but it’s whatever. Even if you completely ignore it at tax time, it’s not the end of the world.
Lots of CPAs and tax professionals have no clue how to handle PTPs properly, and the IRS is generally lax on individual filers. Of course, the IRM is subject to change and we don’t recommend rolling the dice with potential penalties and interest on a tax liability. But yeah, most self-filers can biff it and it won’t make any differnece.RIOT - $7.14/share, options trade weekly. The share price seems to be somewhat more stable in 2024, with fewer large swings in either direction. We see a bright future ahead for RIOT. But why?
Beyond simply mining cryptocurrency, they’ve… actually, here’s some Copy/Paste that breaks it down.
In addition, the company engages in the design and manufacturing of power distribution equipment and custom engineered electrical products; and electricity distribution product design, manufacture, and installation services primarily focused on large-scale commercial, and governmental customers, as well as a range of markets, including data center, power generation, utility, water, industrial, and alternative energy
This company is like if energy and crypto had a baby. Now if they only paid a dividend! (They don’t, not for now).ABUS - $4.44/share, options trade monthly. We’re generally not huge fans of pharmaceuticals, and in fact many of them tank. This one actually seems to be on a strong rebound and has some juicy premiums.
Start a wheel or two and leave it at that. Exit if the price moves above $5.50
They do stuff with HIV, Hep B, and coronavirus. We don’t really care, because we here at Rockydennis Presents don’t participate in disease culture. Instead, we just don’t get sick. It’s a lot easier and cheaper. But hey, you do you. Go get you that HIV!
(No, don’t).NEGG - $0.77/share, options trade monthly. Newegg is probably never going to return to its former glory, but we have a hard time seeing a future in which they liquidate at a total loss to shareholders.
We would anticipate the company to be acquired by a larger company that wants their assets.
But hey, we’re not dropping a YOLO on this symbol. We wouldn’t blame you for giving it a hard pass.
Maybe just sell a far-out put. Just one. Just in case.
