Rocky’s Weekly Stock Picks
This week is going to start strong, and end uninspired. Let’s see some upward movements, people!
Right now is a good time to invest in Bitcoin and related things. RIOT, obviously, but there’s a couple others. As predicted, it’s becoming wildly popular in Africa, because reasons.
Also, a great time to invest in Africa. We currently invest in CAFRX - yes, a mutual fund. We feel like it’s overall the best odds of not losing in the long-term. That’s the thing with Africa - it’s closer to gambling than actual gambling. But enough about Africa, let’s see what kind of trouble we can get into!
OPEN - $6.71, options trade weekly, These common shares have only recently been made available, and have been experiencing marked volatility, making for some juicy premiums on options. We’re cool with holding shares, but we won’t say ‘no’ to short-term gains, either.
What this company does is allow for p2p real estate sales via an app. It’s not like Zillow, because Zillow was basically a computer, an algorithm, and a bank account. Well, is, but last I heard the humans involved had halted all purchases, but who knows? Not us, that’s for sure.
You may also have heard of HappyNest, which this is not. HappyNest is an app that lets you invest in real estate selected by the fund managers. It’s literally a REIT with an app. There’s reasons you might prefer to invest in a REIT that isn’t publicly traded, usually higher returns with lower risk.
What OPEN’s app does, allegedly, is allow for actual buying and selling of houses between individuals. Our research is non-existent, but our understanding leads us to believe this is strictly residential, possibly limited to single family homes. In any case, this is long overdue.We don’t recommend using the app, though. P2P is greasy, albeit lucrative.
CLM - Cornerstone Strategic Value Fund. $10.86, 19.98% annualized return. That’s a bit misleading, as the price has dipped recently, so we’re buying the shares on a discount. Payment comes monthly.
IEP - Icahn Enterprises LP, $54.62. Ex-div happens later in the month, and we see a 14%+ return, which is a nice touch. What we really like is its historical performance, and where we appear to be at.
UPST - $83.85 , we’ll need to weigh our options and check our budget. While it often makes sense to own fewer shares of higher value stock, that doesn’t satisfy the desire to press buttons and play with money. Therefore, we’re going to focus on ITM call spreads. Still boring to execute, but it’s enough to prevent an itchy finger from clicking astray.
We see recent volatility, and will further investigate before making any decisions.FLMN - Falcon minerals. Great name. Price is $7.39, While the price increase has caught us off-guard, it’s welcome news for our warrants.
We were buying more shares regardless. There is a dividend, ex-div 5/17.
