Rocky’s Weekly Stock Picks
JNJ - Solid, Stable, and depending how this Covid Vaccine works out, I wouldn’t be surprised to see $200/share be the new normal for JNJ.
ABBV - Got a fat dividend, paid for shares sold from SYY and JNJ. I plan to resell and reinvest back into JNJ and
SYY -Now is the time to buy. A year from now, two years from now, regardless of the landscape of the Foodservice industry, Sysco will be there. To bring you good things.
NAK - Besides this stock being cheap enough for a working class stiff like myself to be able to afford to trade options, or daytrade for small gains, its future is bright.
BBBY - As long as I keep getting the 20% off entire purchase coupons, my faith remains that this is a good stock to play with. Wouldn’t bet the farm on it, though.
Regarding Northern Dynasty (NAK), they are a Canadian mining company with 4 decades of proven success. They also own a crapton of land in southwestern Alaska (Yeah, that same southwestern Alaska with the ridiculous amounts of gold sitting just off-shore. The one on the TV show about people mining gold instead of getting real jobs). What’s really going to make this company take off, though, is their molybdenum and rhenium.
Look, we ain’t getting anymore rare earths from China. You could probably prove me technically wrong, but a year from now, two years from now…yeah. Do you like computers? Do you like getting a new iPhone every year that’s indistinguishable from last season’s model? Do you like being protected by the world’s most powerful military force and its allies?
Want to double your money in 2 years? Buy covered calls that expire in January 2023. I haven’t checked today, but a few days ago you could sell the options for a .98 premium. Especially if you get in when the price is $1.05/share. Think about it…you spend $105. Then get paid $98 just to put up the option to sell your shares at $1. That’s $90 you made at expiration.
I wish I had bought gold when it was $480/ounce and conspiracy theorists were saying that the Jews would cause the price to skyrocket to $1600/ounce in the future. Have you checked the price of gold lately?
