Dear New World Investor:
Today’s GDP revisions boosted the December quarter from +3.3% to +3.4%. but reduced the March quarter estimate from +1.6% to +1.3% due to downward revisions to consumer spending.
Click for larger graphic h/t Yahoo Finance
This does not support my forecast for a small recession starting this year because private domestic sales to domestic purchasers grew 2.5% and June quarter GDP forecasts are in the +3.2% to +3.5% range. My rule of thumb is that it takes three straight months of downward or upward revisions to confirm that the government numbers are lagging reality. So I need to see more indications of a slowdown.
Although, the Fed Beige Book had some interesting quotes as their overall outlooks grew somewhat more pessimistic amid reports of rising uncertainty and greater downside risks.
* * “Eight Districts reported negligible to modest job gains, and the remaining four Districts reported no changes in employment.”
* * “Several Districts reported that wage growth was at pre-pandemic historical averages or was normalizing toward those rates.”
* * “Retail spending was flat to up slightly, reflecting lower discretionary spending and heightened price sensitivity among consumers.”
* * “Contacts in most Districts noted consumers pushed back against additional price increases, which led to smaller profit margins as input prices rose on average.”
Although the June GDP forecasts continue to look strong, things do seem to be slowing and my mild recession forecast still stands. One thing that would change my mind is the Fed going back to loose money. Do they really care about inflation, or are they just funding the Biden Administration’s deficits? The US M2 money supply just showed a 0.6% increase over last year, the first year-over-year increase since November 2022.
Click for larger graphic h/t @dailychartbook
Consequently, financial conditions are significantly easier now then when the Fed started tightening in March 2022.
Click for larger graphic h/t @UrbanKaoboy
The combination of increasing interest rates and increasing deficits has put annual US government interest expense over $1 trillion, headed for $1.7 trillion by April 2025.
Click for larger graphic h/t @GameofTrades_
A recession will make this worse, as tax revenues fall and counter-cyclical spending rises.
Market Outlook
The S&P 500 lost 0.6% since last Thursday due to today’s drop. The Index is up 9.7% year-to-date. The Nasdaq Composite was flat after closing at an all-time high over 17,000 on Tuesday. The Naz briefly hit as high as 17,032.66, an intraday record. It is up 11.5% for the year. The SPDR S&P Biotech Exchange-Traded Fund (XBI) slipped 0.4%, so now it is down that 0.4% year-to-date. The small-cap Russell 2000 added 0.4% and is up 1.5% in 2024.
The fractal dimension is showing a hint of the necessary consolidation ahead of us. Remember that consolidations happen either by scary sharp drops or high-level churning for a frustrating length of time.
We are in the fourth year of the Presidential cycle, and that year tends to be strong when it follows a down mid-term elections year. The market has closely followed this “down mid-term” cycle.
Click for larger graphic h/t @TimmerFidelity
The current inflation is being driven by fiscal policy, so it not only makes a difference which party wins the Presidency but also which one controls Congress.
Click for larger graphic h/t @GoldmanSachs
Top 5
Changes this week: Added PLTR to Long-Term
Near-Term – chronological order
SCYX – ScyNexis – Data releases and resolution of the manufacturing problem
TGTX TG Therapeutics – Rapid recovery from overdone pullback
AAPL Apple – AI announcements at June WWDC and September iPhone 16 introduction
EQT EQT –natural gas price rebound
USL United States 12 Month Oil Fund, LP – crude should rise quickly
FCX Freeport McMoRan – copper shortage
Long-Term – alphabetical order
ABCL AbCelllera – Will become a huge pharma royalty company
EQT EQT – largest US natural gas company
IBIT iShares Bitcoin Trust – Bitcoin is headed for $100,000
META Meta – a (the?) leader in the metaverse
PLTR Palantir – a (the?) leader in AI applications software
RKLB Rocket Lab – #2 to SpaceX in space
SCYX ScyNexis –First new antifungal in 20 years
VLD Velo3D – Return manufacturing to the US
Economy
The Atlanta Fed’s GDPNow model will be updated tomorrow morning.
Coming Events
All times below are ET, and most presentations and slides are archived on the companies’ websites so you can listen to them.
Friday, May 31
Personal Consumption Expenditures Index – 8:30am
MDNA – Medicenna – 2:40pm – Sachs 10th Annual Oncology Innovation Forum
Monday, June 3
UUUU – Energy Fuels – Through 6/4 – World Nuclear Fuel Market (WNFM)
Tuesday, June 4
ENVX – Enovix – 12:20pm – William Blair Growth Stock Conference
Wednesday, June 5
RKLB – Rocket Lab – Unspec. – Stifel Cross Sector Insight Conference
AKBA – Akebia – 9:00am – Jefferies Global Healthcare Conference
GIILD – Gilead – 11:00am – Jefferies Global Healthcare Conference
QUIK – QuickLogic – 10:20am – Stifel Cross Sector Insight Conference
PYPL – PayPal – 5:00pm – BofA Global Technology Conference
Thursday, June 6
Friday, June 7
May payrolls – 8:30am – +180,000 expected; April was +175,000, sharply down from the +315,000 in March, the lowest level since October, and below expectations for +243,000.
Big Tech: The Biotech & Digital Dominators MegaShift
There are at least four ways to make money in the stocks of these large, growing, dominant companies. You can:
* * Buy a stock and hold it
* * Buy a stock and write a call option against it
* * With a Level IV options account, write an out-of-the-money put option
* * With a Level IV options account, write an out-of-the-money put option and use part of the premium to buy an out-of-the-money call option
Apple (AAPL – $191.29) is working on a foldable MacBook in two sizes, with estimated shipments topping one million units in 2026, according to highly-respected TF International Securities analyst Ming-Chi Kuo. The company is working on a 20.25-inch option and is considering an 18.8-inch option as well. It will go into mass production in the December 2025 quarter and use the M5 series processor.
Kuo wrote: “Apple aims to make the panel as crease-free as possible, requiring high design specifications for both the panel and the hinge. As a result, the cost of the panel and hinge is very high. Current preliminary estimates put the panel cost around $600–$650 and the hinge cost around $200–$250. If production yields improve significantly by the time of mass production, these costs could decrease.”
The Worldwide Developer’s Conference kicks off on June 10 with a 1:00pm EDT keynote address that should have a heavy AI content. As Apple teased it: “WWDC24 kicks off with a first look at groundbreaking updates coming to Apple platforms later this year.”
AAPL is a Buy under $175 for new iPhone rollouts and augmented/virtual reality products.
Gilead Sciences (GILD – $64.08) is partnering with Cartography Biosciences to develop new therapies for triple-negative breast cancer and adenocarcinoma, the most common form of non-small cell lung cancer. Gilead will use Cartography’s computational and genomics platforms to discover and validate novel tumor-selective target antigens and pairs of antigens. Gilead paid $20 million upfront and Cartography gets the usual milestone payments and royalties. GILD is a Long-Term Buy under $80 for a first target of $120.
Meta Platforms (META – $467.05) held their annual meeting. The first part was a series of vignettes about different Meta products – I liked it! The boilerplate ended around 52 minutes in. Mark Zuckerberg then talked. He said their long-term AI strategy is to build general intelligence AI, open source it, and make it widely available. Meta wants to create the world’s leading AI service in terms of quality and usage. The 8 billion and then 70 billion parameter models of Llama-3 set new benchmarks, and they are training a 400 billion parameter model.
Mark said there are several ways to build a massive business here, including scaling business messaging, introducing ads or paid content into AI interactions, and enabling people to pay to use bigger AI models and access more compute.
In addition to AI, Meta’s other long-term focus is the metaverse. They are opening their operating system that powers Quest for third party hardware makers. This is essentially the Android strategy versus Apple.
More than 3.2 billion people use at least one of Meta’s apps each day. META is a Buy under $345 for a $400 target in 2024.
Palantir (PLTR – $21.73) extended their relationship with Eaton, the intelligent power management company with operations in 160 countries, to apply AIP throughout the company. Eaton’s chief data officer said: “While many talk about the promise of generative AI, Eaton and Palantir are building something real in the heart of our operations. We view these AI-enabled applications as strategic differentiators that will greatly accelerate productivity and, more importantly, improve our ability to deliver value for our customers.”
Palantir says they enable and optimize “decision-making across some of the world’s most complex organizations by bringing together siloed and disconnected data sources, logic assets, and systems of action into a single common operating picture. Introduced in 2023, AIP brings the power of large-language models (LLM), and other cutting-edge AI, to enterprise networks, private data, and core operations – with maximum security and trust.”
What’s important here is that most companies have no idea how to apply AI to their operations, and the CEO is afraid of spending a large amount of money for bupkis. It’s happened to them before. By signing on with Palantir, they know they will get something out of it – maybe a lot – and get ahead of competitors. Right now, Palantir is in the sweet spot of offering exactly what the market wants and needs. I added PLTR to the Long-Term Top Buys list. PLTR is a Buy under $22 for a $100+ target.
PayPal Holdings (PYPL – $62.51) announced two new hires to build a new advertising platform. Mark Grether, SVP & General Manager of PayPal Ads, was Vice President & General Manager of Advertising at Uber, where he grew a $1 billion business with more than 500,000 advertisers globally.
John Anderson, SVP & General Manager of the Consumer Group, was Head of Product and Payments at Plaid, a payments processor. He will manage PayPal’s consumer business, including product strategy for PayPal and Venmo globally.
This revamped focus on ads makes all the sense in the world. It provides a massive consumer reach for its merchants with a massive first party database to use. There is a very underdeveloped ad load across PayPal and Venmo. It is a high margin revenue opportunity. As the company said: “PayPal’s long-standing relationships with millions of consumers and merchants make the company uniquely positioned to create an advertising platform that is rooted in commerce.”
The company also created a US$ stablecoin on the Solana blockchain. Stablecoins have been a major area of fraud, so to have a big, reputable company create one could be a huge win. The availability of PYUSD on Solana provides users with the choice of multiple blockchains allowing for increased flexibility and control. The Solana blockchain is known for processing massive amounts of transactions at high speeds with extremely low costs, and is the most used blockchain for stablecoin transfers.
It turns out that PayPal has a SVP: Blockchain, Cryptocurrency, and Digital Currency Group. He said: “For more than 25 years, PayPal has been at the forefront of digital commerce, revolutionizing commerce by providing a trusted experience between consumers and merchants around the world. PayPal USD was created with the intent to revolutionize commerce again by providing a fast, easy, and inexpensive payment method for the next evolution of the digital economy. Making PYUSD available on the Solana blockchain furthers our goal of enabling a digital currency with a stable value designed for commerce and payments.”
PYPL is a Buy under $68 for a double in three years.
Small Tech
Enovix (ENVX – $11.18) is one of the most shorted stocks on Wall Street, with 31.1% of the float sold short.
Click for larger graphic
When shortsellers target a company for accounting fraud or product failures, they usually are right. When they target due to valuation, they often get their heads handed to them, c.f., Tesla. I expect them to have to cover at much higher prices during the next 12 months. ENVX is a Buy up to $20 for a 4-year hold to $100+ as their BrakeFlow lithium-ion battery takes market share.
Primary Risk: A new competitor invents a better battery.
Fastly (FSLY – $7.88) named a new Chief Revenue Officer, Scott Lovett. He was Chief Revenue Officer of Imperva and before that held leadership positions at Akamai, McAfee, and Cisco. FSLY is a Buy up to $14 for a 3- to 5-year hold to $80+ as Compute@Edge drives customer acquisition and revenue growth.
Primary Risk:Content and applications delivery networks are a competitive area.
PagerDuty (PD – $17.95) reported after the close. April first quarter revenues grew 7.8% from last year to $111.2 million, essentially on the $111.5 million estimate. Pro forma earnings per share of 17¢ beat the 13¢ estimate.
On the conference call (AUDIO HERE and SLIDES HERE and TRANSCRIPT HERE), CEO Jennifer Tejada said the Dollar Based Net Retention – the amount a customer spends this year compared to last year – will grow throughout the year.
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They steadily expand their operations to increase revenues through the “land-and-expand” selling strategy.
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They are best known for their highly effective, very fast incident management software.
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They have a huge market opportunity and are executing really well.
Click for larger graphic
They guided the June quarter to revenue of $115.5 million to $117.5 million, bracketing the $116.16 million consensus, a growth rate of 7% to 9% year over year. They expect earnings of 16¢ to 17¢ verses the 16¢ consensus.
For the full fiscal 2025 year, they guided for revenue of $471.0 million to $477.0 million, again bracketing the $475.25 million consensus, a growth rate of 9% to 11% year-over-year. They expect pro forma earnings per share of 66¢ to 71¢, also bracketing the 67¢ consensus. And they announced a $100 million stock buyback program.
Operating cash flow was $28.6 million, with free cash flow of $27.1 million. The company finished the quarter with $592.8 million in cash. PD is a Buy up to $30 for a 2- to 5-year hold as their digital operations management Software-As-A-Service gains market share.
Primary Risk: Digital operations management is a competitive area.
QuickLogic (QUIK – $12.96) received a BAE Systems ‘Partner 2 Win’ Supplier of the Year award. The stock will be added to the Russell 2000 and 3000 indices on July 1.
Click for larger graphic
QUIK is a Buy up to $10 for my $40 target as their earnings repeatedly surprise Wall Street.
Primary Risk: Customers’ product introductions and associated royalties are unpredictable.
Rocket Lab USA (RKLB – $4.33) successfully launched the first of two back-to-back launches for NASA’s PREFIRE (Polar Radiant Energy in the Far-InfraRed Experiment) climate change-focused mission on May 25. The launch window for the second PREFIRE CubeSat liftoff from Mahia, New Zealand, opens at 11:00pm EDT on May 31. It will be the 49th Electron launch and the seventh this year. RKLB is a Buy up to $13 for my $30+ target as low earth orbit satellites and space exploration grow.
Primary Risk: A new competitor emerges.
Velo3D (VLD – $0.16) had $10.9 million in cash at the end of March plus $10 million available on their line of credit and $63 million in inventories. They expect to be free cash flow breakeven in the second half of this year.
In my spreadsheet that I published in the May 16 issue, I am more negative than they are and expect them to lose $10.6 million in the current quarter, $9.1 million in the September period, and $6.9 million in the December quarter. My guess is that management has told the Board that they’re going to squeak through without doing any more financings by selling more of the inventory than I am forecasting.
If they match my forecast, they will run out of money early in the December quarter. If they hit their forecast, they won’t run out of money. So as I have said over and over, and as is so often true with early-stage companies, the only important metric is revenue growth. I’m forecasting $13.7 million in the June quarter, an enthusiastic 39.8% gain from March’s $9.8 million that would keep them on track for $77.0 million this year. They are forecasting an even more enthusiastic $80.0 million to $95.0 million for the year. The June quarter is crucial. VLD is a Buy up to $1 for my $10 target as Velo3D’s high-tolerance metal parts printing business grows.
Primary Risk:A new 3D metal printing competitor emerges.
Biotech MegaShift
If you can afford it – and it would not be too big a position in your portfolio – putting $2,000 into each of these speculative biotechs might be a good way to start. Buying these out-of-favor, fallen, or forgotten companies that can get important products through the FDA at very low market capitalizations seems like a good strategy to me.
Risks
Development-stage biotechs are subject to investor sentiment swings from wildly optimistic to excessively pessimistic – mostly the latter recently. After the Primary Risk for each company, I’ve added the clinical stage of their lead product, the probable time of their first FDA approval, and the probable time of their next financing.
As always, you need to think about an appropriate position size. You could buy a full position upfront and then just hold on, or buy some upfront and leave room to add more on the inevitable financings, transient clinical trial setbacks, and the like.
AbCellera Biologics (ABCL- $4.04) published a new corporate presentation. They have literally dozens of shots on goal:
Click for larger graphic
13 partnered molecules are in clinical trials.
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Plus they have the resources to develop their own drugs.
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Buy ABCL up to $6 for a long-term hold to $30 or more.
Primary Risk: Partnered and owned drugs fail in the clinic.
Clinical stage of lead product: Partnered: Various Owned: Preclinical
Probable time of next FDA approval: 2027-2028
Probable time of next financing: 2026-2027 or never
Inovio (INO – $9.77) held their annual meeting. CEO Jackie Shea summarized the near-term, mid-term, and long-term strategy:
Click for larger graphic
INO-3107 probably will get a label expansion for redosing in 2026 – it won’t be a “one and done” drug for everyone, although it does reduce the number of required surgeries for everyone.
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They have a significant pipeline, including two out-licensed programs in Phase 3 trials.
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Jackie is not going to run out of money.
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INO is a Buy under $14 for a very long-term hold.
Primary Risk: Their drugs fail in the clinic.
Clinical stage of lead product: Phase 3
Probable time of first FDA approval: Mod-2025
Probable time of next financing: After FDA approval in 2025
Inflation MegaShift
Gold ($2,342.90) is steadily becoming a more popular trade on the backs of continued central bank buying.
Click for larger graphic h/t @WinfieldSmart
The fractal dimension is beginning a consolidation from just over 40. It never got to the exhausted trend level of 30, so it could reverse again. We just have to wait and see.
Silver has been even stronger than gold. Silver production in Peru continues to fall severely, now down 43% from peak levels. Peru is projected to be the second-largest producer of silver globally, behind China. Limited new supply + structurally higher demand = major price surges in any commodity.
Click for larger graphic h/t @TaviCosta
I’ve recommended several ways to invest in silver:
A Bag of Junk Silver ($31.53) is a Buy for a hold until 2025-2026.
Exchange-Traded & Closed-End Funds
Global X Silver Miners Exchange-Traded Fund (SIL – $34.94) is a Buy up to $30 for a first target of $50 when silver gets back over $40. The silver miners should outperform both the large and junior gold miners in the next upleg for precious metals that will run until 2025-2026.
Sprott Physical Gold and Silver Trust (CEF – $22.64) is a Buy under $18 for a target price of $30.
Miners & Related
Coeur Mining (CDE – $5.84) is a Buy under $5 for a $20 target as gold and silver go higher.
First Majestic (AG – $7.22) held their annual meeting. As usual, all directors were re-elected and their choice of accountants was ratified. As not usual, their “Say-on-Pay” advisory resolution to approve the Company’s approach to executive compensation lost, 50.83% against to 49.17% for.
Management tried to put a positive spin on it, saying: “Although our Say-on-Pay advisory resolution did not pass by a majority vote, we are encouraged with the increased level of support that it received, which was almost double compared to the support received for the Say-on-Pay vote at our 2023 AGM. This demonstrates that our shareholders have acknowledged the improvements that First Majestic has made in both the disclosure of its executive compensation practices, and in the Company’s approach to executive compensation. The Company remains committed in 2024 to continue engaging with our shareholders and addressing their concerns as we strive to further increase support levels for our executive compensation practices.”
AG is a Buy under $11 for a $23 next target price as production increases and the price of silver rises.
Primary Risk of all silver recommendations: Prices of precious metals fall due to US dollar strength.
In other precious metals news, Paramount Gold Nevada (PZG – $0.50) said the Oregon Department of Geology and Mineral Industries and the Bureau of Land Management have agreed to a joint reclamation bond. Paramount will not be required to post two reclamation bonds, thereby reducing capital requirements and lessening the administrative burden. PZG is a Buy under $1 for a $10 target as gold moves higher.
Primary Risk: Prices of precious metals fall due to US dollar strength.
Sandstorm Gold (SAND – $5.71) did an asset update featuring Equinox Gold’s first gold pour at its 100% owned Greenstone gold mine in Ontario, Canada. The inaugural gold pour was achieved on schedule, producing 1,800 ounces of gold from the full recovery circuit, with all equipment operating as expected. In April, Equinox Gold announced that ore had been introduced into the grinding circuit and more than 1.5 million tonnes of ore had been stockpiled for commissioning. Progressively higher-grade ore will be fed into the mill as production ramps up toward planned throughput of 27,000 tonnes per day, with commercial production targeted for the third quarter of 2024.
Greenstone is Equinox Gold’s largest mine, producing an expected average of 400,000 ounces of gold per year over the first five years and on average 360,000 ounces of gold per year over the initial 14-year mine life. Greenstone is expected to be one of the world’s lowest-cost open-pit gold mines. The Greenstone underground deposit is a key expansion opportunity at the mine, as well as multiple gold deposits in a highly prospective land package over a 60+ mile trend to the west of Greenstone.
Sandstorm holds a gold stream on the Greenstone mine to purchase 2.375% of gold produced at the mine until 120,333 ounces are delivered, and then 1.583% of gold produced. Sandstorm will make ongoing payments equal to 20% of the spot price of gold per ounce plus an additional payment of up to $30 per ounce in ESG contributions.
SAND is a Buy under $10 for a $25 target.
Primary Risk: Prices of precious metals fall due to US dollar strength.
Cryptocurrencies
Cryptocurrencies are a diversifying asset that offer a unique opportunity to make (or lose!) a lot of money quickly. You can easily buy bitcoin and other cryptocurrencies at Coinbase, Block, or Robinhood.
Bitcoin (BTC-USD on Yahoo – $68,352.37) sold off a bit after the Mt. Gox bankruptcy trustee disbursed $9 billion of coins to creditors, some of whom undoubtedly sold. This is just a small hiccup in the move up after the halving, which is being powered by continued inflows to the spot exchange-traded funds.
Bernstein said bitcoin and ethereum exchange-traded funds are expected to grow to a $450 billion market, with “flows exceeding $100 billion over the next 18-24 months into crypto ETFs.” They have a 2024 year-end target price on bitcoin of $90,000, followed by a bitcoin cycle high of $150,000 in 2025.
Click for larger graphic
BTC-USD, ETH-USD, IBIT, and ETHE are Strong Buys.
Primary Risk: Bitcoin falls due to over-regulation or is surpassed by another cryptocurrency.
iShares Bitcoin Trust (IBIT- $39.16) is now the largest bitcoin fund in the world as its $20 billion in assets moved above the Grayscale Bitcoin Trust (GBTC). When the nine new ETFs launched in January, Grayscale’s fund had about $29 billion in assets, but they are losing assets because they have not reduced their 1.5% management fee to be competitive with the new funds’ 0.25%. Our switch from GBTC to IBIT was well-timed.
IBIT remains the cheapest and easiest way to buy bitcoin. IBIT is a Buy for the 2028, 2032, and 2036 halvings.
Primary Risk:Bitcoin falls due to over-regulation or is surpassed by another cryptocurrency.
Ethereum (ETH-USD on Yahoo – $3,747.02) gained after the SEC approved the 19b-4 filings of eight spot ethereum ETF issuers to be listed on exchanges. Once the S1 filings are approved to register the funds, ether ETF trading will go live. ETH-USD is a Buy.
Primary Risk: Bitcoin extensions outperform Ethereum.
The Grayscale Ethereum Trust (ETHE- $35.03) discount to net asset value has shrunk from nearly 25% to just 5% – free money for you, as I predicted. ETHE is up 58% since May 9 versus only 22% for ether itself. ETHE is a Buy under net asset value. We’ll switch to one of the new funds after they are approved.
Primary Risk:Ethereum falls due to over-regulation or is surpassed by another cryptocurrency.
Commodities
Oil – $77.87
Crude oil stocks had a big 6.490 million barrel decline, while gasoline fell 452,000 barrels as the summer driving season started. Demand is up. OPEC+ meets this Sunday and I expect them – meaning Saudi Arabia – to extend the production cuts, possibly to the end of 2024. Supply stays down.
The net effect is a floor on oil at $77-$78 – where we are now – followed by higher prices as global oil inventories start to trend down and refining margins lead crude prices higher. Got OIL?
Click for larger graphic h/t @HFI_Research
The July 2026 Crude Oil Futures (CLN26.NYM – $69.45) are a Buy under $70 for a $200+ target. Only buy futures for all cash; do not use margin.
The United States 12 Month Oil Fund, LP (USL – $39.05) is a Buy under $40 for a $100+ target.
Vermilion Energy (VET – $12.21) is a Buy under $11 for a target price of $24 or more.
Primary Risk:Oil prices fall.
* * * * *
RIP Doug Ingle
* * * * *
Viva, Lost Wages?
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Your reading Kuppy on inflection investing Editor,
Michael Murphy CFA
Founding Editor
New World Investor
And Google just created a version of its search engine free of all the extra junk it has added over the past decade-plus. All you have to do is add “udm=14” to the search URL. You’re welcome.
All Recommendations
Priced 5/30/24. Check out the complete Portfolio page HERE.
Portfolio Protection
June 21 SPY $505 put (SPY240621P00505000 – $1.92)
June 21 SPY $410 put (SPY240621P00410000 – $0.10)
Buys
These are the stocks everyone needs to own because transformative events are happening over the next year or two, and I expect to hold them long-term.
Tech Dominators
Apple Computer (AAPL – $191.29) – Buy under $175 for new iPhones
Corning (GLW – $36.96) – Buy under $33, target price $60
Gilead Sciences (GILD – $64.08) – Buy under $80, target price $120
Meta (META – $467.05) – Buy under $345, target price $400
Palantir (PLTR – $21.73) – Buy under $22, target price $100+
PayPal (PYPL – $62.51) – Buy under $68, target price $136
SoftBank (SFTBY – $28.05) – Buy under $25, target price $50
Small Tech
Enovix (ENVX – $11.18) – Buy under $20; 4-year hold to $100+
First Trust NASDAQ Cybersecurity ETF (CIBR – $53.23) – Buy under $40; 3- to 5-year hold
Fastly (FSLY – $7.88) – Buy under $14; 3- to 5-year hold to $80+
PagerDuty (PD – $17.92) – Buy under $30; 2- to 5-year hold
QuickLogic (QUIK – $12.96) – Buy under $10, target price $40
Rocket Lab (RKLB – $4.33) – Buy under $13, target price $30+
Velo3D (VLD – $0.16) – Buy under $1, target price $10
$20-for-$1 Biotech
AbCellera Biologics (ABCL – $4.04) – Buy under $6, target $30+
Akebia Biotherapeutics (AKBA – $1.08) – Buy under $2, target $20
Aptose Biosciences (APTO – $1.16) – Buy under $10, ultimate target $300
Compass Pathways (CMPS – $7.42) – Buy under $20, hold a long time for a 10x return
Editas Medicines (EDIT – $5.17) – Buy under $6 for a double in 12 months and a long-term hold to much higher prices
Inovio (INO – $9.77) – Buy under $14, hold a long time
Medicenna (MDNAF – $1.72) – Buy under $3, first target $20, then maybe $40
ScyNexis (SCYX – $2.35) – Buy under $3, target price $20, then $50
TG Therapeutics (TGTX – $16.89) – Buy under $12 for buyout at $30+
Inflation
A Short-Sale or REO House – ($415,400) – Hold
Bag of Junk Silver – ($31.53) – hold through silver bull market
Sprott Gold Miners ETF (SGDM – $27.90) – Buy under $28, target price $50
Sprott Junior Gold Miners ETF (SGDJ – $34.69) – Buy under $39, target price $100
Sprott Physical Gold and Silver Trust (CEF – $22.64 – Buy under $18, target price $30
Global X Silver Miners ETF (SIL – $34.94) – Buy under $30, target price $50
Coeur Mining (CDE – $5.84) – Buy under $5, target price $20
First Majestic Mining (AG – $7.22) – Buy under $11, next target price $23
Paramount Gold Nevada (PZG – $0.50) – Buy under $1, first target price $10
Sandstorm Gold (SAND – $5.71) – Buy under $10, target price $25
Sprott Inc. (SII – $44.83) – Buy under $40, target price $70
Cryptocurrencies
Bitcoin (BTC-USD – $68,352.37) – Buy
iShares Bitcoin Trust (IBIT – $39.16) – Buy
Ethereum (ETH-USD – $3,753.17) – Buy
Grayscale Ethereum Trust (ETHE – $35.03) – Buy
Commodities
Crude Oil Futures – July 2026 (CLN26.NYM – $69.45) – Buy under $70; $200+ target
United States 12 Month Oil Fund, LP (USL – $9.05) – Buy under $40; $100+ target
Vermilion Energy (VET – $12.21) – Buy under $11; $24 target
EQT (EQT – $41.20) – Buy under $35; $70 first target
Energy Fuels (UUUU – $6.97) – Buy under $8; $30 target
Freeport McMoRan (FCX – $52.31) – Buy under $44; $65 target within two years
Other Recommendations
Acreage Holdings (ACRDF – $0.43) – Buy under $2 for the Canopy Growth merger
Hold
These are holds but not sells – yet. They could get moved back to one of the buy categories if their prices drop or outlook improves, or they could become sell recommendations in the future.
Arch Therapeutics (ARTH – $1.14) – Hold for buyout
Mongolia Growth Group (MNGGF – $1.21) – Hold for probable liquidation
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2. Keep it clean, like a 1950s family television show. Your alter ego can run free on Twitter.
3. NO PERSONAL ATTACKS! If you don’t like the stock, don’t trash the person. Everyone is responsible for their own due diligence and investments.
4. Don’t post here about politics or religion – you aren’t going to change anyone’s mind. Again, NO PERSONAL ATTACKS!
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7. Please, no snark!
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First!
Dos
first dose? then booster….
Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty.
Guilty. Guilty. Guilty. Guilty. Guilty. Guilty. Guilty.
WRONG. Legal errors by persecution prosecution, to put it mildly. The Democrat law professor, Alan Dershowitz calls the whole thing a sham. Biased NY jurors. Pre-ordained “get Trump” by politically motivated prosecution. Biased judge instructions to jurors in ways you don’t know about. The real judgment day will be Nov 5.
How would you like political persecution by Republican judges against Dems? Do you want a politically tainted justice system?
“Biased NY jurors” like a male stock broker or the guy who follows Truth Social posts. Crimes plotted in NYC Trump Tower, where Trump resided most of his life, that’s where the trial gets done. QUICK! Search for other excuses! Or try reading about all the evidence of yet another sleazy Trump dealmaking plot to hide his use of prostitutes and affairs during his three marriages among his other illegal behavior.
Rich spoiled brat who used the legal system all along to refuse to pay construction subcontractors and even his attorneys finally got nailed. And faces other charges, especially leaving highly classified documents in insecure locations known to be infiltrated with foreign spies.
“I could shoot somebody and I wouldn’t lose voters” the narcissistic psychopath says. But eventually he would get arrested, charged, convicted and sentenced. Its called the rule of law. He’s not above the law until he becomes dictator with your help.
You know nothing besides what the mainstream left wing media spews out. Most of MSM is lies, except maybe the weather. I don’t follow Truth Social. But prostitution and infidelity don’t rise to felony level. We have a politically biased system that doesn’t prosecute the Bidens for serious crimes. Maybe you would wake up if you had a college daughter murdered by an illegal alien brought in by Biden.
Biden’s son is facing criminal charges. His son is a drug addict and alcoholic. So you lie about “doesn’t prosecute the Bidens.” Rule of law: Doesn’t matter who you are, you break the law and you face arrest, prosecution and possible imprisonment or other punishments.
Trump is not above the law, as proven yesterday. Trump was not convicted for prostitution (though he has sex with prostitutes) or for infidelity (though he cheated on all his wives). You have no idea what you are talking about. Trump falsified financial records of the payoff of killing the story of his bad boy behavior, to hide it from voters to help him win a very close election. Falsifying financial records IS a crime, even if you are a sleazebag like Trump who got away with it long enough to win an election. Funny that Tramp led chants to “lock her up” when Trump himself has been convicted of 34 felonies and OverTheHill-ary has zero convictions for anything.
Just the facts, ma’am!
Trump didn’t say “Lock her up,” according to Trump.
https://www.cnn.com/2024/06/03/politics/video/trump-lock-her-up-clinton-fox-news-never-said-digvid
Unfortunately, there is plenty of video showing the contrary.
“…prostitution and infidelity don’t rise to felony level” but falsifying financial records in order to subvert an election does. Get your facts straight.
“Maybe you would wake up if you had a college daughter murdered by an illegal alien brought in by Biden” as you did??
I don’t have a college daughter, but I have common sense that says that it could easily apply to me. A few days ago, in a neighborhood not far from my office, police were badly injured by an illegal alien from Venezuela. Democrats won’t wake up until things hit them in the face. Now Biden is advocating a stricter border policy, likely due to the exigencies of the election. Why didn’t he act long ago? I know the answer. Don’t deny it.
Alan is a clown
Dems don’t realize their attempts to remove Trump just created the catalyst that will elect him – though he was ahead in all swing states without this false conviction.
ElectionBettingOdds.com showed Trump’s chance of winning over 15% higher than Bumden prior to the “verdict”. Immediately after the v, Trump’s odds were below 9% better, now rebounding slightly to above 9%.
“All I want to do is this: I just want to find 11,780 votes, which is one more than we have,” Trump says, according to audio of the call.
Oops! The call got recorded and Trump faces another trial.
That’s what the mainstream media said. You don’t know anything true about this. FACT–there was much election fraud from voting machines. When I stayed up to midnight on 2020 election day, T was clearly way ahead. All of a sudden in the early AM, votes were switched. No, it wasn’t an issue of delayed reporting of election districts. The corrupted court system refused to hear the evidence, saying that certain claimants lacked standing. What utter BS and obstruction of real justice. The NY court system is the most corrupt.
Contrary to what you say, there were many lawsuits in various states, which election results were claimed to be false, and they lost ALL of those cases, they were without merit, purely claims of fraud that do not pan out as accurate. 100% losers, fail to show actual results they claimed when it came to court, or they just made claims and had no data to support them.
https://campaignlegal.org/results-lawsuits-regarding-2020-elections
https://en.wikipedia.org/wiki/Post-election_lawsuits_related_to_the_2020_U.S._presidential_election
https://www.reuters.com/article/idUSKBN2AF1FQ/
https://www.justsecurity.org/81939/timeline-false-electors/
https://statesuniteddemocracy.org/resources/countering-lies-about-the-2020-presidential-election/
Look at Faux Noise and note that many of their articles are labeled “Opinion” (not news). Just because you don’t like that Tramp LOST the election, doesn’t mean he won and there must be some corruption somewhere. Most Trump supporters know he lies, but don’t care. Most Trump supporters think marriage and fidelity are important for religious or moral reasons, but don’t care that Trump cheated on all of his wives, divorces them, and remarries to cheat again. Not to mention bragging about sexual assault and losing lawsuits from his sexual assaults. Yesterday he got his first criminal felony convictions, and there are more on the way from Georgia that you won’t be able to stop. Get real.
Sorry Opie, don’t expect him to read any of that: a closed mind gathers no fact.
“FACT–there was much election fraud from voting machines. When I stayed up to midnight on 2020 election day, T was clearly way ahead. All of a sudden in the early AM, votes were switched. No, it wasn’t an issue of delayed reporting of election districts. The corrupted court system refused to hear the evidence, saying that certain claimants lacked standing.” Some states refuse to start counting write-in votes till Election Day; of course they come in late. 60 cases, some before Trump-appointed judges, none of which proved any fraud. What would you say to a drug trial where none of the patients responded positively? Bias? or NO evidence?
It is called the “Red Mirage” as explained here by Chris Stirewalt, former Fox News political editor:
https://www.newsweek.com/red-mirage-meaning-trump-false-sense-victory-1715320
During the House J6 investigation many in Trump’s White House confirmed this.
“Bumden” — what part of ‘Please, no snark!’ don’t you understand? And if “verdict” is questionable just because you don’t agree with it you’re just as bad as T-Rump.
“Snark” as used by MM, is meant as applying to subscribers. But other people who deserve condemnation can be called any appropriate name. But you don’t appreciate the nuances.
Opie, don’t waste your breath. There are about 6 “contributors” including the author on this dead board. 4 of the 6 are completely maga and will stick with their guy no matter what. Interestingly, these same people will ride stocks down to pennies based on MM’s cheerleading.
Coincidence?
Can you imagine if a dem candidate was found guilty of 34 felony counts? He/she would get tossed instantly. Remember Gary Hart got tossed over a picture of Donna Rice sitting on his lap.
Morality and taste have fallen BELOW the sewer in the US of A.
I’m spending the summer in Canada right now and the papers and media up here are simply slack jawed over what is happening below us.
Who is down voting me? Step up you weaklings and try to manage a comment.
yes i must agree definitely a strong correlation. profound myopic limitations resulting in the inability to discern fantasy from fact apparently knows no bound.
Hart told reporters to follow him. One did and and saw he spent the night at Ms. Rice’s place. And don’t forget about Democrat John Edwards who used campaign funds to hide the story about his bastard child. He was tried and found not guilty on one count, hung jury on others and not retried.
gee, Senator Gold Bars Menendez would disagree…
And if he is convicted, I’m all in favor of it. Trust me, there won’t be any calls of RIGGED trial by the left on this one. Nobody gives a shit about that scumbag.
yes.
It looks to me like the Democrats solved Trump’s biggest political problems.
They proved the legal system can completely control him. There is no dictator risk.
They proved there is no secret MAGA army waiting to be activated. You would have heard from them by now.
And they generated massive empathy for Trump. “If they can do it to me…” is powerful stuff.
They solved Trump’s campaign funding.
Republican animal spirits have never been higher.
This could be the biggest political mistake in American history.
(Speaking as someone with a Kennedy2024 lawn sign. I usually vote Libertarian to get an alternative to the Uniparty, but the candidate this time is much worse than usual, so…)
By the way, can we keep politics off this board? 4. Don’t post here about politics or religion – you aren’t going to change anyone’s mind.
What could be the biggest political mistake in American history? Having sex with a porn star and using campaign funds to pay her off or charging and convicting the offense?
Do you really think the justice system is controlled by the dems? Really mike? Seems like the complete opposite with the politicised Supreme court.
Oh and by the way, Mike. You can’t toss out political molotov cocktails like the crap above and THEN plead for no political posts.
Try sticking to your expertise, picking obscure stocks that go to zero. In exchange, I won’t post anything.
Judge Merchan refused to hear the eminent Bob Costello, Trumps’ witness. M’s daughter is a Dem supporter, profiteer off that. This judge should have recused himself but had an agenda to get Trump now. He could have prosecuted years ago, but the agenda now is obvious. Especially since Trump is beating B in the polls due to the latter’s sabotaged foreign policy, border policy letting in drugs, overwhelming the welfare state in failed blue states. You don’t care, having relocated to Canada.
No, the justice system is controlled by the Dems. It is supposed to be fair and nonpolitical, but people who don’t care about Trump should be worried about that.
No, I live in both countries. There is a process in the states called voir dire. Both the defendant and the prosecution have to agree on jury selection. If the trial was rigged, Trump’s attorney was in on it.
Are you trying to tell me that the entire justice system is controlled by dems? Even in states like Florida and Texas. Doc … please. I know you have some common sense.
Biden is going to beat trump by double digits. I’ll bet my entire 2000 shares of VLD on it. Deal?
Red states like F and T make their own rules. But Feds are dominated by Dem’s. That’s a good argument for states’ rights. Better yet, community govt, which is more responsive to individuals’ concerns. The smaller, the better. Dem’s are opposed to individual rights, and favor central control. At its worst, this becomes Commie tyranny.
Ok, Trump was convicted of a STATE felony. So that kind of blows a hole in your Fed court dominated by the Dems. Sounds like like a state’s rights issue which you’re in favor of.
I really don’t want to go back and forth on nonsense this election cycle. I’m taking Biden, you’re taking Trump. Let’s just make this a betting site. I’m taking all bets, gentlemen wages only.
Trump was convicted in NY State. NY has been Democrat dominant for most of my lifetime living in NY. The venue in NYC is 85% Dem. The jury was heavily biased as Dems. There wasn’t even a Black member of the jury. So much for diversity crap coming from Dems.
Conclusion–the political domination in NY by Dems biased the verdict. The justice system in NY is biased in general. Bias=bad justice. Case closed.
There is simply no way to get cult members to understand voir dire I guess.
Juries don’t vote dem or republican, they vote guilty, not guilty, or can’t agree (hung jury). They look at facts of the case. Did you look at any of the evidence in the case? NO, you didn’t mention one word about evidence. Trump has sex with yet another prostitute, at least it was consensual, unlike his lawsuits for forcing himself on women. His fixer fixed it. He paid off the fixer and hid it from the public to win an election. He claimed it was legal fees not reimbursement to kill a story that might cost him a very close election. There’s a TON of evidence which led to 34 felony convictions. Twelve person jury unanimously agreed Tramp was guilty on 34 of 34 counts.
Note that he LOST all of those sexual assault lawsuits too. Not because all the women were dems, it was because he violated women and trashed them publicly. That’s your hero.
The party of family values. The trump cult is so blinded, it’s really sad. I wonder if this fellow has his flag upside down?
Question for you. Suppose somebody asked you whether you want to maintain your own property, run your household and family affairs without interference from anyone. If you have some basic pride in your judgment, you won’t tolerate such interference. You don’t step on others’ right to do the same. That’s because you would rather have friends than enemies. That would show you have family values, as you should. It would also show that you believe in property rights, the foundation of free market capitalism. Yet you support socialist Dem’s who believe in the opposite. “It takes a village” crap from Hilary Clinton is a violation of the right of supremacy of the family unit.
Animals understand property rights and family values. A mother bear will rightfully seek to injure or kill anyone who comes too close to her cub bear child and is perceived as a threat. While the cub is growing up, it is the mother’s property and responsibility, nobody else’s. A cat that gets on your bed when you are sleeping has common sense knowledge not to put her paws on your face and eyeballs. She respects the right of her owner not to be injured. She respects the right of the owner to body protection and autonomy. These animals are morally superior to Dem dictators (your ID change to Dictator is apt) who impose mandates on medical procedures, impose high and higher taxes which are theft and violation of property rights of citizens, impose regulations on businesses which hinder business activity because they think their rules are superior to the standards businesses set for themselves.
Trump certainly has character flaws. But he is a staunch advocate for Constitutional and capitalist values. Except for a few Dems I respect like Joe Manchin and RFK, Jr, most of the other Dems are anti-capitalist tyrants with proportional corruption, taking bribes from the CCP and other rogue regimes. They don’t stand up to Iran’s proxies in trying to destroy Israel and enable Iran to nuke the free world sooner. They support the tyrannical WHO which seeks to impose health mandates on the whole world. Do you advocate WHO mandates, or do you seek to make your own health decisions and follow the advice of an MD/DO/naturopath of your choosing?
You know nothing except what you read in mainstream leftwing media. You weren’t in the courtroom. Legal experts even a few Dem professors like Dershowitz know the people involved and believe the whole thing was a sham. I ignore any claims and media you post only because I have more important things to do.
I won’t even reply to a political post if you really won’t post anything.
Your board is unhinged and your picks suck. Just delete my sub and be done with it.
You can’t take the heat of logic and the insistence that you see the big picture.
Two problems with “the legal system can completely control him”: state prosecutions have to wait until the president is out of office and DoJ has a policy of not bringing charges against a sitting president.
VLD–what do people here think of bears’ contention that orders will dry up or get cancelled because of the precarious financial state of the company, not being around in the near future to provide customer support?
I think the March quarter results put that one to bed. Big sequential revenue increase due to orders from current customers.
Search on YT for Impulse Space Tom Mueller. The video was 10 days ago. He was Elon’s most important engineer and developer of VLD printer use for Space X. At 35:50 see the VLD printer with VELO written in the upper right corner. This is the most important endorsement of VLD’s printers, coming from an eminent engineer. It bodes well for continued customer orders. Also, the insightful YMB post by UWHuskies says that VLD is likely doing the selling of the stock as a kind of bridge loan until they get free cashflow even. The $75 million ATM facility may be enough to meet expenses in 2024 or even later, so they may not need to dilute, although the RS will be needed to keep the PPS above $1.
Selling ATM shares is dilution.
When Velo announced on 1/31/24 that they’d increased their ATM from $40M to $75M, the common shares outstanding at that moment wasn’t impacted. There was no immediate dilution. But when Velo sells it’s ATM shares to raise funds they are creating dilution by the amount of shares associated with each transaction.
It’s a rather stealthy way to raise money and dilute shareholders because the only time Velo needs to report the amount of ATM shares sold in this manner is on their quarterly/annual reports where they are required to provide a status of their ATM and shares sold during the quarter.
Thanks. I guess I didn’t understand how ATM works. Disregarding the ATM, the company owns most of its own shares, so I thought they would just sell those shares just like investors do. No dilution in that case.
Does the $75M ATM consist of money VLD has put into that war chest? Suppose $10M is needed at a time–does that get converted into the equivalent number of shares, in effect printing shares, or dilution?
The shares of its own stock that a company has on hand aren’t in circulation in the market, so aren’t factored into the quantity of shares outstanding.
When a company sells it’s own shares to raise money, regardless of method such as whether through direct offerings or via ATMs, they are adding to the quantity of shares out in the market, which is dilutive.
When a company does a share buyback, they are pulling shares back out of market circulation so the quantity of shares outstanding declines, which is accretive.
Brent, I do appreciate your scholarship and experience, but in this case I believe your have made an error.
Think of the total number of shares in existence. This includes shares in trading circulation, and shares in accounts that are being held. A company owns perhaps the largest fraction. The market cap is the PPS multiplied by the total number of shares in existence. When the company sells shares directly the way we retails do, other investors buy them. The company gets cash, the other investors get ownership of those shares sold. There has been no change in the total number of shares in existence. When the company does a share buyback, the company cash is transferred to the seller of these share bought back, and the company gains shares while the seller gains cash. In this transaction, again the number of total number of shares remains the same. No dilution in the former case, no accretion in the latter case. If the company does an offering, this is a polite way of describing printing shares the way the Fed prints money. There would be dilution in that case, since the total number of shares in existence has increased. I don’t know the bureaucratic mechanics of ATM sales, so I defer to you for that. When considering number of shares either in circulation or total number in existence, remember that any of the shares in storage in company or outsider accounts can be bought and sold, so I think the relevant number for understanding dilution is the total number of shares in existence.
If buying and selling of shares is done in an orderly fashion, at equilibrium the PPS remains the same, in theory. In practice, in the short term, in the former case of company selling a large number of shares, there are not enough buyers to keep the transaction orderly, so the PPS drops to attract more buyers. In the latter case of company share buybacks, the company has to increase the offering PPS to attract the needed sellers who would otherwise gladly hold on to their shares.
MM, it would be great for you to comment on this subject. It would be valuable for subscribers who are invested in any of the small companies you recommend. Thanks.
JGMD, your assumption that the shares of it’s own stock that a company holds, or Treasury stock, is included as a component of determining common shares outstanding is mistaken.
These two links provide additional info:
https://www.investopedia.com/terms/t/treasurystock.asp
https://www.investopedia.com/terms/o/outstandingshares.asp
The quarterly/annual SEC reports also provide a breakout of how common shares outstanding changed over the reporting period. In addition to the table, there are also comments that provide more color on the various impacting transactions.
Attached are two examples. One is from Velo’s 2023 10-K showing the different transactions that caused the outstanding share count to increase, including a direct offering and using the ATM.
The other is from Apple’s 2023 10-K showing how stock buybacks have been reducing their outstanding share count.
ENVX–sobering post on YMB by TintWeezl yesterday.
Where to begin?
Enovix has no tech. The anode cage maxed at 372 mAh, Amprius is cranking out 500 mAh at scale. It’s over.
There is no California. Fremont shut down. It’s TJ, Raj & Amit. That’s it. Using a friend of Amit’s (YBS CEO) to produce “material agnostic” batteries for competitors using their anodes and cathodes and electrolytes. Didn’t you read the ER?
Enovix has no plant, no r&d, no hq. They exist to burn through the $224M cash they have left. That’s a couple quarters. Wake up.
R
More 10 hours ago by TintWeezl.
“I try to bring you truth but I see you don’t want truth. You want lies and hype. Because of money. If the truth costs you money and a lie costs someone else money, you prefer the lie.
Is that what you will teach your children too? Is there no value in character, only the root of all evil is important?
Everything I said is true.
Enovix is down to a shelf offering authorized up to a billion dollars that will dilute you in half and the trigger needs to be pulled soon.
I have no position in Enovix. No short, no puts. Just a stock I used to follow and when I read the latest ER, I saw it for what it was: an admission there is no more Fremont or R&D (“India is our R&D now!”) I saw how they depreciated an autoline they never used which can only mean they want to write down the value to sell it to themselves and pocket the difference. Why else?
I saw the hype about EVs and agreements with unnamed parties and mobile phones and unnamed parties. China spits out $3 trillion a year in mobile phone batteries. Over ten companies. Margins razor thin. Enovix has NO PRODUCT!
Look at the last ER. Closely. They concede that “material agnostic” means they plan to use YBS to manufacture competitors batteries using their tech. Read it! It’s in the last few paragraphs of text after the charts.
I know the price can be manipulated so day to day swings might work in your favor. I don’t care about that. I’m here to warn you there is no future with Enovix and if you read the ER closely, you’ll see. No employees.”
I’ve seen plenty of small company scams. Everyone wants to believe a story while they are making money at it.
What do people think of this story? What are the facts? How can they be verified?
My gut? If MM picked it, it’s a loser 🙂
Actually, I should expand. If a new battery technology is going to be developed, it’s going to be from Tesla.
I agreed with you on batteries for EV. The question now is small batteries for phones. Are all the PR’s from ENVX lies?
Samsung and Apple will cover those small battery issues. No worries.
Samsung does make batteries. Apple doesn’t.
True. But Apple uses Samsung batteries along with LG. I would go with either of them before a fly by night company with no sales.
But if ENVX’s batteries are better than Samsung’s, Apple and other phone companies will switch to ENVX. Of course, FAT and SAT (site testing) has to be completed and Apple has to be satisfied with their evaluation before switching. Then the sales start.
The essential question is, how to verify ENVX’s claims, or whether it is a fraud as claimed by TintWeezl.
So do you want to bet on Samsung, a 500 billion dollar company with an R&D budget of 21 billion that has been making batteries for 15 plus years or another pie in the sky murphy pick?
People on this board seem to really believe that murphy is some kind of great stock picker and it’s been proven again and again that he is not.
The contention by TintWeezl above is that ENVX doesn’t have superior technology such as the silicon electrode which gives faster recharging and relative immunity to fires. Are the claims by ENVX true or not?
Many big established companies coast along on their good but outdated products. Superior brand recognition enables customers to continue buying these big name brands, rather than taking a chance on small newcomers with better tech. Many innovative car companies failed because of this. Was Tesla superior from the beginning? Did it achieve success via brilliant marketing or was Elon so brilliant an engineer that he could build a company on its own merits?
MM–can you find info that proves ENVX’s claims and that TintWeezl is wrong and just spreading FUD?
Elon is not a brilliant engineer. He is brilliant at HIRING brilliant engineers. Elon is a salesman.
You’re probably right. Engineer Tom Mueller got VLD’s program rolling at Space X. Either way, is Tesla’s success due to brilliant engineering or is it mostly due to brilliant marketing?
MM – 2 questions please: (1) is the Russell listing a significant stock price catalyst for QUIK? (2) what is the timeframe for the 5X on PLTR
(1) Not a short-term jump, but helps over time.
(2) 3 to 5 years
Changed June 7 calendar to:
Friday, June 7
May payrolls – 8:30am – +180,000 expected; April was +175,000, sharply down from the +315,000 in March, the lowest level since October, and below expectations for +243,000.
The PagerDuty transcript is posted at https://seekingalpha.com/article/4696670-pagerduty-inc-pd-q1-2025-earnings-call-transcript
Somebody at SA also likes ENVX:
https://seekingalpha.com/article/4697092-enovix-growing-confidence-in-execution?mailingid=35582973&messageid=2800&serial=35582973.1293&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=35582973.1293
i am an independent however Biden has been worse than Carter yet Carter was/is a good man Trump was best president since Reagan but his personality creates a lot of enemies – wish we had better choices as age wise Biden is done but Trump may not be far behind
Yes, Carter’s a good man, had the best post-Presidency ever, but Trump was the worst President ever, worse than Nixon (unless you don’t count the flouting of laws, the obliteration of norms, the destruction of democracy, the increase to the national debt, the refusal to concede a lost election and the breaking of the peaceful transfer of power, making him the sorest loser in American history — I challenge you to name two runners up).
My question for you: how does that relate to my posting an article on ENVX?
Despite the economic failures of socialism vs free markets, the socialist voter’s main concern is getting his govt benefits, regardless of the need to steal from others through high taxes. Excessive regulations handicap business, the generator of money available to pay taxes and fund benefits. The socialist ignores the true complete picture, and just has tunnel vision that somehow benefits will continue to be paid.
I take the brashness of Trump with his pro-growth economic accomplishments over the genial Jimmy Carter with his socialist disasters. BTW, the socialist media denies the election fraud of 2020. If Bumden “wins” again, it will be caused by repeat election cheating by Dems. Trump will demolish Bumden in the upcoming debate. Failed economic policies of socialist and Commie dictators would throw them out of office if elections were fair. Internatonally, rigged voting machines and other methods of cheating keep the tyrannical dictatorships going. Despite all this, there are occasional victories for freedom from fed up voters, as in the recent election of a libertarian in Argentina. Another positive is the Taiwanese election of a president opposing CCP tyrannical intrusion.
According to Maga, Kamala Harris has the ability to not certify the election results. Biden wins.
I’m not sure what the bitching is about, the market is at all time highs under “bumden.” Maybe it’s a you problem?
Inflation is far worse under Bumden than it was under Trump. Do you eat? Food and rent or owners’ equivalent rent are the predominant expenses of most people.
There was someone on this board that was touting Vivos (RDGL). I’m just curious what your thoughts were on the upside near term. It’s currently trading around 0.16. Thanks!!
VIVOS (RDGL) expects to submit to the FDA by end of Q2. I asked them if they were on schedule to meet that timeframe and they said they were. FDA has been involved with helping. (Could be a SP bump). Then the FDA will render a decision on allowing human trials to begin. If approved, another bump in SP could occur. Mayo Clinic has already been prepared, trained and ready to perform the trial. I’m not smart enough to guess the impact on SP when each step is achieved, or if it even does. This technique is already being performed in animals with success. Animal success doesn’t always transfer to human success, but if it does……the human market is significantly greater. Should hear something by end of June on submission. Hope this helps.
Thanks Larry.
Here’s the ad for the new iPad
https://www.youtube.com/shorts/21Ci7d5ZZAk
Music from my nephew’s 2023 song “Concentrate”
As many here, I have strong opinions on political issues. I choose not to engage on this site one way or the other as this site, for me, is to trade ideas and learn about investment ideas. There are plenty of sites where political warfare is welcomed. I would hope and ask that we can keep the focus on trading stocks and related ideas and refrain from the political banter.
Talk to the board author, he’s one of the worst at both inciting political banter and at stock picking.
spoken as a true demRAT
I love the poorly educated.
Factually, the recent political war on this board was initiated not by MM, but by Opie, a left-winger. Other lefties who don’t discuss investments came out of the woodwork to discuss politics. Prior to that, only the economy was discussed. Economy certainly impacts stocks. In an ideal free world, politics is nearly nonexistent, and nobody cares. But the major cause of economic chaos is political interference with free markets. The only valid point of lefties is the free choice of abortion, although late term abortion is murder. Only early abortion about less than 15 weeks should be a prudent free choice.
Maybe you missed it but markets are at all time highs under Biden. I have no intention of talking politics for 5 months but when the author calls a fair and just JURY trial “the biggest political mistake in American history.” I’m going to call horseshit.
I try to pick up good stock ideas on this board but honestly, if any of us had just invested in SPY for the past dozen years we would FAR surpass murphy’s pie in the sky picks with no worries.
Murphy is simply a terrible stock picker.
You and all other lefties on this board are no match for the legal expertise of Dershowitz and a few other Dem law professors, not to mention Repub experts. Chris is certainly a qualified lawyer in many aspects of law, but even he is not as well connected as these legal experts. Online research is subject to the bias of published media. Videos are edited and are not as authentic as being there in the courtroom firsthand to really know what’s going on.
Telemedicine is better than nothing, but it is nowhere as useful as a personal office visit with me.
Today I called the IRS because my tax refund was lost in the mail. The competent lady was using a cell phone of poor audio quality. Her voice was grossly garbled and distorted. For all the tech advances in other areas, today’s phones have far worse sound quality than 70 year old desktop phones. It is hard to distinguish the sound of the letter A from the number 8. I mention this as another layer adding to miscommunication, especially in important matters.
Your response has absolutely nothing to do with what I wrote.
To someone like you who doesn’t see the big picture reality that the US and the rest of the world are much more unstable under B than T, that’s correct, but only pertaining to your 2nd paragraph. Your first paragraph was addressed in my response last night and with this post. To your credit, you wrote several years ago that the US has become a banana republic. The situation is much worse now. Rogue terrorist countries are emboldened under B. The superpower advantage of the US is being destroyed by long standing creeping socialism in the US. Ultimately, the markets will crash along with social chaos–the latter is here already. Right now the nominal value of the market is higher due to inflation. Eventually, unless B is given the boot, the market will crash from stagflation. Milton Friedman said there is a lot of potential ruin in a large prosperous country like the US. Big govt socialism was the cause of big empire collapse over thousands of years.
Manufacturing in the US is in recession. For at least 2 years now. There is a 2 trillion dollar credit crisis going on in the leveraged debt credit markets via credit default swaps. Blackrock, Goldman and Citibank are all in over their heads. They haven’t defaulted. YET!! But it’s looming. If it happens the FED will be forced to cut rates asap. Hot off the press.
You hope. Airlines are full, hotels are full, restaurants are full, sporting events are packed, Taylor is packing in millions.
Biden is opening up massive chip factories. Unemployment is at 4%. Stock market at all time highs. It seems like Trump’s dystopia isn’t happening. Sad for the felon.
hotels are full with illegal immigrants as are many flights check your facts as they are false as many middle income families are not taking vacations! the elite will survive as others will suffer
check out housing prices – car prices – gas and utility prices rent prices -insurance prices need i go on – food prices – i have 3 children between 27 and 32 – all have worked hard and have great jobs yet life has just continued to get harder for them especially over the past 3 yrs under the senile jerk! Trump is no young man but until im given a better option where do we go!
and thx to senile Joe on his immigration policy the terrorists are already here – i am a 9/11 survivor and very lucky but it will happen again thx to this administration God do i pray im wrong!
I hope your physical health hasn’t been affected by 9/11. Even if not, I empathize with you because no doubt you have been emotionally traumatized. Such PTSD causes several physical health problems. Your boots on the ground wisdom which you have imparted to your children carries more weight than all the pseudo intellectual trash from armchair limousine liberals here and elsewhere. We know the truth of the 2020 election fraud which the mainstream media refuses to report. Many stories on Yahoo repeatedly insert their denials of the reality of what took place in 2020.
i apprecite your support most do not remember- thank you!
i was there that day – lost many friends and i will never forget!
hey today is dday and we should never forget the greatest generation ever may God bless all their souls! they were true heros
instead of teaching woke education every high school student to be forced to watch Private Ryan!
New World Investor for 6.6.24 is posted.