Rocky’s Weekly Stock Picks
No, we’re not doing OTC stocks this week. That’s a good idea for an article, though.
After receiving Joe Biden’s pick for HNRG this week, I got to thinking...budget stocks would be a good theme. I stand by my picks, for both novice and expert alike, but index investing is pretty boring when we only have a hundred dollars or so to play with.
Yes, play, because if smart investing and trading weren’t fun then we would just dump all our money into a Fidelity managed account. That’s also smart and not fun.
UEC - Broke $3 this week, down to $2.77 right now. Why this matters? Because it’s playing as I previously “predicted”. Which means I’m going to keep selling puts on UEC at $3 strike.
NAK - $0.72 right now. Getting NAK when it’s under $1 is where it’s at. Options trade monthly, so getting that 10% return is pretty much guaranteed. If only we could get that weekly 10%…
SNDL - While I generally advise strongly against marijuana stocks, at $1.49 SNDL is a prime spot right now. Overall it stays in the $1-2 range and will probably never change. Because weed never changes. There will never be a weed company of any sort operating on the scale of Phillip Morris, nor will there ever be a lack of college kids with disposable income and know-it-all attitudes. So we have a cheap but relatively stock with lots of intraday movements….and Weekly Options!
TPZ - At $11.93, you probably can’t quite afford 100 shares for contracts. But that’s not what we’re looking for. This stock has an ex-div date coming up this week. It’s pretty encouraging when you start to see dividend payments. The methodology here isn’t a great way to go about picking dividend stocks, but it is an affordable way to see some encouraging, and quick, dividend income.
ORC - $6.02, and pays a MONTHLY dividend. The return on your investment is like…I got $6.50 last month on about 100 shares. Monthly options are also possible (options + dividends = be careful what strike you write your calls at), but the increment size in between strikes is 2.5…anyway the recommendation here is just buy and hold.
Some other contenders this week were RIG, TELL, RIBT, and GNUS. I don’t like to mess with stocks that I don’t want to legitimately hold on to. That’s not to say we don’t take risks, but if a trade doesn’t go our way, then we should at least be satisfied with the shares we’re stuck with. Or willing to lose a certain %. Stop loss is great for this.
