Obviously the highlight of the week is Nvidia (NVDA) earnings Wednesday afternoon. As I wrote in my last blog, NVDA is guiding the Jan quarter to $20 billion in revenue and 75% gross margins. NVDA only provides quarterly guidance and…
On Tuesday, US lithium miner Albemarle (ALB) made a bid for Australian miner Liontown. Liontown shares jumped nearly 70% on the Australian stock exchange, igniting interest in the lithium market. Like it or not, electric vehicles (EVs) are the future….
Farm equipment maker John Deere (DE) reported stellar earnings this morning and the stock is currently +5% in the premarket which would put it right around all time highs if it holds in the cash session. The earnings were superb….
Fertilizer producer Mosaic (MOS) reported 2Q22 earnings after the close Monday. While earnings missed estimates and the stock is -3% as a result, I couldn’t care less because they were phenomenal. Revenue increased 92% compared to a year ago and…
It’s been an extremely volatile year for commodity stock bulls like myself. During the first quarter the stocks marched relentlessly higher along with inflation and commodity prices while the second quarter was the mirror image of the first as the…
Commodity stocks – along with the rest of the market – have been bludgeoned over the last couple of months as investors price in an extremely hawkish Fed. But earnings from Schnitzer Steel (SCHN) this morning suggest to me that…
An interesting meme has taken hold of the crowd mind that is financial markets in recent weeks: The Peak Inflation Narrative. It started when Powell signaled a 50 basis point hike on Thursday April 21 and has gained momentum since….
Agricultural commodities (i.e. food) are increasing in price for the same reason that all commodities are: extraordinarily loose monetary policy for almost 15 years – and especially post-COVID. Obviously food is a necessity which means that as inflation squeezes consumers’…
The precious metals miners are getting whacked for the third straight day Monday in the wake of Powell’s hawkish comments on Thursday. It’s pretty incredible to me that after nearly 15 years of insanely easy money, a few words from…
I can wait without having a twinge of impatience. I can see a setback without being shaken, knowing that it is only temporary. I have been short one hundred thousand shares and I have seen a big rally coming. I…