Rocky’s Weekly Stock Picks
This week is going to be somewhat hypothetical in nature, as we’re going be aggressively pursuing a 5% net return with low-risk spreads. While it’s tempting to simply try going all in on a 10-15% return at market open, we need some variety for risk mitigation. That’s neither here nor there, on to stock picks.
Special mention for TPTX. Shot up nearly $40 on Friday. Short it hard. Buy puts.
NAK - $0.30/share, monthly options. Northern Dynasty is in the process of developing the Pebble Mine. They’ll be extracting copper, gold, and molybdenum. Solid.
We’re mostly averaging down the shares we already hold. The hold time here is probably going to be forever.
ECTM - $3.00 share, this OTC pink sheet listing is a royalties holding deal, in oil interests. The price is quite high relative to past performance, and this move is pretty recent. The $0.09 quarterly dividend is still fairly attractive, even if it remains unchanged moving forward.
CLM - $10.50/share, $0.18 monthly return. Nice. We expect the price to move down a bit after Thursday (ex-div is 6/9).
SQFT - $3.69, $0.42 return a year. This REIT pays quarterly, but we won’t hold that against it. Ex-div on Thursday.
YCBD-A $3.99 a share, this CBD company has seen better days. While we don’t recommend the common shares, this preferred series is quite nice. Cumulative, call value of $10, callable after 10/16/23. At present the yield is about 20%, paid monthly in $0.0667 cent increments. Ex-div isn’t until the end of the month.
