Rocky’s Weekly Stock Picks
This week we’re going completely off-the-cuff. While this is the general atmosphere we try to cultivate on this page, there’s typically some research notes leftover from during the week. Not this time!
CVFI - $11.98 , no dividends or options yet. This ticker symbol represents Rumble. We already suggested a hard YOLO on this, and our holdings have grown 20% in value already. We realistically expect to see this hit $30 in the mid-term, over $100 long-term.
As the hypothetical exodus from YouTube to Rumble has now begun to become reality, we want to get those shares on the cheap before some sort of triggering event that ignites a rapid, mass platform migration.
PCF - $7.30, ex-div 9/20, $0.073 per share on a monthly basis. The ex-div is further out than we’d like, but the price is right and the yield is solid. We’re also taking advantage of this opportunity to average-down our cost basis on this security.
This security is probably not available on Robinhood. Many times these income funds are not supported by the Robinhood platform. WeBull may allow them, as they’ve expanded their supported securities.
NEWT - $21.85, ex-div 9/19. $0.65 per share per quarter. Options monthly. You may also be averaging down with us, or you may not. We’ve recommended this several times in the past, across multiple accounts. Regardless of price, we’re pretty much always happy to buy this one.
Warren Buffet teaches us that price doesn’t matter when it comes to acquiring something you want. He compares a stock you want to a food you want, say beef. Do you buy less beef when the price goes up? Do you buy more when the price goes down? Or do you just buy the same amount every week because it’s a convenient purchase schedule, and your dietary choices aren’t guided by economic fear?CLM - $10.20, ex-div 9/14, 21.23% annualized return, pays monthly.
CRF - $9.89, ex-div 9/14, 21.04% annualized return, pays monthly.
We like Cornerstone. The share prices are down, which is inflating the annualized return. Even still, we can expect continued double digit returns, be they estimated or actual.
