GBA Presents: RADIO SAVANT-!

[stonedinvestor]

You can trust The Ack-
Bill Ackman: Stock market waiting for rate hikes to stop for buy signal
Sep. 06, 2022 9:04 AM

Bill Ackman describing the size of the lead Alien's penis as told to him by Cathie Wood.

Billionaire hedge fund manager Bill Ackman said Tuesday that investors are waiting for the Federal Reserve to halt its rate hikes before they aggressively move back into the stock market.

"I think once people realize the Fed doesn't have to keep increasing rates and will soon be taking rates down, that's kind of a buy signal for markets," the founder and CEO of Pershing Square Capital Management told CNBC.

Ackman argued that investors will likely anticipate this when they see a "powerful continuing trend" of moderating inflation. For his part, the fund manager predicted that the Fed still needs to raise rates and likely hold them at elevated levels for around a year to tamp down inflation.

"What they've said they are going to do they have to do, which is to raise rates to something in the order of 4% or maybe a little bit more ... keep them there for a reasonably extended period of time, maybe a year or so," he said.

Looking out a year or so, Ackman predicted that inflation would be at around 3.5%-4.0%, with a downward trend.

 

[vanzandt]

I was gonna say too bad I hate motorcycles, and then I thought hmmm... 4 wheelers.... and then I thought... will this be bad for Stoney's beloved Polaris? All the stuff they make is gonna get undercut by Japanese imports.

 

[stonedinvestor]

Applied DNA stock rises 12% on launching monkeypox testing service in New York
Sep. 06, 2022 9:10 AM ETApplied DNA Sciences, Inc. (APDN)

• Applied DNA Sciences (NASDAQ:APDN) said it launched monkeypox testing testing service to hospital systems and clinical labs the in New York State and in states which recognize New York's CLEP/CLIA certification for testing.
• The launch follows Applied DNA Clinical Labs' (ADCL) receiving full approval from the New York State Department of Health (NYSDOH) for its PCR-based Linea Monkeypox Virus 1.0 Assay as a laboratory developed test (LDT) to detect the Clade II variant of the monkeypox virus, APDN said in a Sept. 6 press release.
• As of Sept. 2, there were 19,962 total confirmed monkeypox/orthopoxvirus cases in the U.S., as per the U.S. CDC.
• APDN +12.27% to $3.11 premarket Sept. 6

 

[vanzandt]

You can trust The Ack-
Bill Ackman: Stock market waiting for rate hikes to stop for buy signal
Sep. 06, 2022 9:04 AM

Bill Ackman describing the size of the lead Alien's penis as told to him by Cathie Wood.

Billionaire hedge fund manager Bill Ackman said Tuesday that investors are waiting for the Federal Reserve to halt its rate hikes before they aggressively move back into the stock market.

"I think once people realize the Fed doesn't have to keep increasing rates and will soon be taking rates down, that's kind of a buy signal for markets," the founder and CEO of Pershing Square Capital Management told CNBC.

Ackman argued that investors will likely anticipate this when they see a "powerful continuing trend" of moderating inflation. For his part, the fund manager predicted that the Fed still needs to raise rates and likely hold them at elevated levels for around a year to tamp down inflation.

"What they've said they are going to do they have to do, which is to raise rates to something in the order of 4% or maybe a little bit more ... keep them there for a reasonably extended period of time, maybe a year or so," he said.

Looking out a year or so, Ackman predicted that inflation would be at around 3.5%-4.0%, with a downward trend.

Quit!!!!
Poor Cathie.

 

[stonedinvestor]

Slightly Risky--

GBA UPGRADE TO BUY- NCLH

-Pricing up 20%
- Covid receding
-liquidity concerns overblown


Norwegian Cruise Line Holdings is a top pick at Stifel with bookings accelerating
Sep. 06, 2022 9:09 AM ETNorwegian Cruise Line Holdings Ltd. (NCLH)

Stifel pounded the table on Tuesday that Norwegian Cruise Line Holdings (NYSE:NCLH) is a stock that investors in the leisure sector may not want to let get away.

Analyst Steven Wieczynski said the risk-reward profile on NCLH seems compelling at current levels and recommends using the recent weakness as a long-term buying opportunity. The firm's confidence is based in part in recent interactions with the cruise line operator's management team.

The NCLH breakdown: "We recently had the chance to spend a significant amount of time with management (CEO/ CFO) onboard their newest ship, Norwegian Prima. Post our time with management, we feel comfortable enough to significantly raise our 2023/2024 EBITDA estimates based on continued strength in booking/pricing patterns."

More: "We sense bookings have materially accelerated over the past couple weeks as COVID restrictions were removed/lowered and cancellation rates are now back to normal, if not below. Pricing is up 20%+ over 2019 and NCLH management remains committed to holding price in the near-term at the expense of sacrificing some occupancy."

NCLH's pricing philosophy is seen pushing customers to book early in order to capture the best price possible which will help elongate the booking curve leading to improved visibility and accelerated cash inflows.

Stifel has a Buy rating on NCLH and price target of $26 vs. the average analyst price target of $19.44.

 

[stonedinvestor]

Judge a Cruise line by it's choice of soda!

Until recently, Norwegian was also a Pepsi customer, but with the debut of its new Prima -- the first of a new class of ships focused on offering a higher-end experience -- the cruise line has quietly made a change.

Norwegian Moves to Coca-Cola
On the weekend of Aug. 27 Prima was christened in Iceland with its "godmother," Katy Perry, showing up along with Coca-Cola's polar bear mascot. And while no official announcement has taken place, Cruise Industry News reported that the cruise line made a big change.

"Norwegian Cruise Line switched to Pepsi products more than a decade ago, and now Coca-Cola is not only back on the line’s newest and most innovative ship, but should be fleetwide by the end of the year," sources familiar with the situation told the website.

"Crews aboard the company’s other ships are said to be switching out soda fountains and bar equipment for the new contract."

 

[stonedinvestor]

Buys:

A) Norwegian Cruise Line Holdings Ltd. (NCLH)
NYSE - Nasdaq Real Time Price.
13.05+0.04 (+0.31%)
At close: September 2 04:00PM EDT
13.34 +0.29 (+2.22%)
Pre-Market: 09:20AM EDT

B) Glencore plc (GLCNF)
Other OTC - Other OTC Delayed Price. Currency in USD
Add to watchlist
5.25+0.10 (+1.94%)

 

[stonedinvestor]

• Energy
• European Trader

Coal Is in Hot Demand. That’s Good News for Glencore’s Stock.

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Aug. 18, 2022 1:47 pm ET

• Order Reprints
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A Glencore coal-loading station in South Africa reporting back to stoney




Swiss-based commodities company Glencore has emerged as a prime beneficiary of Europe’s energy crisis.

High prices for coal, one of the company’s main offerings, are likely to persist as the war in Ukraine pushes past the six month mark. That, in turn, could lead to double-digit gains for the stock.

“Glencore has already outperformed, and we think there is more to come,” says Tyler Broda, head of European mining at RBC Capital Markets in London. “Russia’s invasion changed the calculus in the global energy balance, and coal is a very key part of that, especially in Europe.”

Broda sees the stock (ticker: GLCNF.UK) rallying to 5.50 pounds sterling ($6.66), up 13% from its recent price of £4.85. Such a rally would add to already impressive returns for Glencore this year.


Glencore, with a market value of more than $60 billion, has interests in mining, marketing of minerals and materials, and recycling. Last year, the metals and minerals segment earned the lion’s share of profits. However, this year energy products, particularly coal, look set to dominate. Many of the company’s nonenergy materials, such as cobalt, copper, and nickel, are vital to the longer-term global transition away from fossil fuels.

In the year through Monday, the stock delivered total returns (stock gain plus dividends) of 26%, according to Morningstar data. That compares with losses of 9% over the same period for the SPDR S&P 500 (SPY) exchange-traded fund.

Glencore recently reported record first-half profits. Adjusted earnings before interest, taxes, depreciation, and amortization, or Ebitda, totaled $18.9 billion. And the firm said it would return $4.5 billion more to shareholders in buybacks and dividends than was previously planned.


Looking deeper, it’s clear that this outperformance could last a while.

Those gangbuster results were driven in large part by the company’s energy division, which made $12.6 billion in the first half, far exceeding the energy segment results for all of 2021. Over the past 10 months or so, coal prices have soared, recently fetching $408 a metric ton, up from less than $150 last November, according to data from TradingEconomics.com.

“Thermal-coal prices continue to rise on supply concerns and as the Russia-Ukraine war reinforces the need for energy security,” states a recent report from Morningstar. “The impending EU [European Union] ban on Russian imports is another factor supporting thermal-coal prices.” Thermal coal is used to fuel electricity generation.

It’s also true that while Europe wants to stop using fossil fuels as fast as possible, the supplies of energy from much-vaunted renewable sources, such as solar, wind, and wave, cannot fill the gap left by Russia. Ironically, the world is fast turning back to coal.


But how long will this need for coal last? Certainly not forever, says Art Hogan, chief market strategist at B. Riley Wealth. “The energy transition hasn’t been halted; it has just been paused,” he says.

In the short term, coal will be a necessity for many countries. But there will be a push for U.S. companies to learn to export more natural gas to Europe. While the U.S. has vast underground deposits of natural gas and the technology to extract it, exporting it is tricky,

Nothing will change fast. It’s unlikely the West will get chummy with the Kremlin if peace breaks out between Russia and Ukraine. The global energy ecosystem would need time to adapt. “The supply-demand balance will take a few years to rectify,” Hogan says.

That also means Glencore has a few years to benefit from the likely elevated coal prices.

 

[stonedinvestor]

ST Trade- SQM

Sociedad Química y Minera de Chile S.A. (SQM)
NYSE - NYSE Delayed Price.
101.29+3.65 (+3.74%)
At close: September 2 04:00PM EDT
106.50 +5.21 (+5.14%)<----------------------
Pre-Market: 09:24AM EDT

 

[stonedinvestor]

Chileans overwhelmingly voted against a proposed new constitution on Sunday that would have marked a sharp shift to the left away from its market friendly laws, which should prove positive for the country's assets, J.P. Morgan analysts said.

The much larger than expected 62% "no" vote combined with 85% participation severely weakens the six-month-old presidency of Gabriel Boric, which had wanted the new charter to help reform the tax, pension and labor systems, boost social services and reduce inequality.

Chile is the world's biggest copper producer, and the industry will win some relief given the proposed charter would have toughened environmental and community rules; it is home to top copper miners such as Codelco, BHP (NYSE:BHP), Anglo American (OTCQX:AAUKF) (OTCQX:NGLOY), Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) and Antofagasta (OTC:ANFGF).

The vote also lifts an overhang for Chile's large lithium industry; potentially relevant tickers include (NYSE:SQM), (ALB), (LTHM), (LAC), (PLL)

This is where I got SQM and GLCNF ideas-