Where to put $1,000 right now (and why)
Sep 28, 2021Good morning!
Same playbook, different day.
Bond yields are up and tech stocks are getting hammered in the early going.
Here’s my playbook.
1 – Buy this, sell that
The best tech companies have already moved on … beyond rising rates, beyond inflation, and beyond Covid. Buying shares makes all the sense in the world. I have not heard a single person yet say they’re giving up their iPhone because of all this but I hear anecdotally every day about people who’ve “had it” with Facebook.
Watch my take yesterday on FBN
I think it’s very telling that Facebook paused the development of “Instagram for kids” after the Wall Street Journal reported that the company repeatedly found Instagram harmful to some teenagers. I can only wonder what similar research would show about Facebook itself, but that’s a story for another time.
2 – Where to put $1,000 right now
Pfizer’s next move – right on schedule and exactly as I suggested when I labelled Pfizer as my preferred Virus+ choice nearly 2 years ago … the company has dosed its first patient with an MRNA-based flu vaccine developed in conjunction with BioNTech. The company has also now submitted data regarding its Covid vaccine for children between 5-11 years old. Other MRNA research will follow in the company’s oncology portfolio and more.
If you don’t own it but claim you’re in the stock market to make money, you may want to rethink that premise. There’s another $40 billion top line that hasn’t hit yet but will.
3 – Ford going EV – here’s what I suggest
Ford said Monday that it’s raising global EV sales volume from a planned 40% in 2030 to 40-50%. It’s also planning to hire nearly 11,000 workers at a variety of plants and spent $30+ billion. Shares are up 3% in overnight markets but not sure they’ll hold if broader markets continue selling off hard today. The move makes Ford more tech-like which, not coincidentally, also makes it more subject to volatility.
I’m thinking a quick short or a few put spreads may be in order.
4 – Anybody else would go to jail, he gets to retire
Dallas Federal Reserve President Robert Kaplan fell on his sword Monday saying he was stepping down after making controversial million-dollar stock trades he calls a “distraction.” Anybody else would probably go to jail or at a minimum have some serious questions to answer. Instead, he gets to retire.
Disgraceful and, frankly, disgusting double-standard.
5 – Got oil?
Brent crude has jumped above $80, up more than 50% this year. I’ve been talking about dinosaur juice for a while now and even recommended my favourite big oil play recently in One Bar Ahead™ (my digital journal for investors and traders). It’s UP this morning in the early going and I expect that to continue.
EV’s are great but the world will need traditional oil for a long time to come.
Bottom Line
You will spend 1/3rd of your life chasing $$, perhaps more … 8-10 hours a day, 365 days a year.
Why on earth wouldn't you spend 10 minutes a day learning how to make more and keep it?
Invest, trade, practice ... better yet, do all three every day!
You got this – I promise!
Let’s make it a great day, as always.
Keith :-)
