Rocky’s Weekly Stock Picks
This week is a good week for us to not have any sort of license or accreditation. We’re going to keep it simple, though, and not recommend buying Tesla shares. Regardless of our position, or future positions, on or in Tesla, we’re not going to suggest that now would be an ideal to enter a position.
Even if what happens next is super predictable.
NOK - Share price was $4.84 after close, and this is right where we like it. This is a fantastic stock, in our opinion, for regular steady income from weekly call options. Nokia plays nicely.
LTC - $37.28 a share, ex-div later in the week. We like REITs in general, and monthly income in general, but LTC goes one step further and has not been particularly affected by the wider market.
While we can certainly use securities that ‘move with the market’ to our advantage, it’s nice to have little islands of calm to grow our money on.ET - Energy Transfer, $11.13/share, weekly options. The name pretty much says it all. The only thing we would note here is that it comes with a K-1, so you may not want this in your IRA. (You can, and it might even be profitable, but then you’re looking at 990-T and not making as much as you could be. There’s probably edge cases that make it work, but this isn’t Rocky’s Weekly Tax Hypotheticals.).
2022’s K-1 might look different than 2021’s, as there was a merger last year, but we’ll note that we have ordinary income as well as dividends (regular and qualified).INDO - $14.92, Indonesia Energy. We let this one cool off after it saw a massive jump in price back in March. We expect to see it come down a bit further in the short-term, but steadily profitable in the long-term.
EIDO - iShares MSCI Indonesia ETF - $23.54 a share. Indonesia is where it’s at. This ETF is one of a handful of securities we add to on a rotating basis.
We approach Indoensian investment from US-based brokerages, trading securities on major exchanges. We’re not in a position to discuss investment in Indonesia from Indonesian-based accounts.
