Rocky’s Weekly Stock Picks
This week’s picks are heavily biased based on heavily weighted news.
This is a bit of a departure from our usual mantra that news doesn’t matter. In this case, it does. RIOT has moved its entire operations from New York to Texas.
Just kidding. That actually happened, but that was a couple weeks ago. This week, Japan has begun the process of bringing 9 nuclear plants back on line.
UEC - $3.37 , monthly options. Uranium Energy is our jam. We’ve got more horses to beat, let’s continue.
CCJ - $22.39, weekly options, ex-div 11/29 . This Canadian-based uranium producer has consistently been one of our best investments. We’re hoping to see the price dip at market open, but when isn’t that the case?
JEQ - $5.63, the next ex-div isn’t posted, no options. This security has only just started to pay a quarterly dividend. The two main things here is that Aberdeen funds are a safe place to put some money, and we have very little exposure to the Japanese market.
We’re not in a position to take the steps necessary to trade directly on Asian markets….yet.PINS $20.40 - Weekly options, no dividend. How do we feel about Pinterest?
A better question is - how do we feel about buying shares of the world’s second largest search engine at a discount?Pinterest is a special kind of behemoth, and apparently serves more search results than any other company sans Google.
We just thought $20.40 was a good price.
USOI - $4.76 , ex-div 7/19. Annual dividend is $1.70. This represents a 35% return. Now, that’s a bit misleading, as the price has been closer to $9. Credit Suisse Crude Oil Covered Call ETNs.
No options, just sweet glorious oil money.
