Update on the stock up 16%: a new partnership and great earnings, with cash in the bank.
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Jim warns against multiple risks facing the U.S. economy in the months ahead. Although recent vaccine developments are positive news, it’s going to take at least another six months for them to get into widespread circulation. In the meantime, Jim expects another wave of business lockdowns and the net effect will be a surprise to the downside in the U.S. economy in early 2021. For now, read on as Dan gives guidance on all the open positions, including one buy moved to a hold and details on five positions sold last week in the portfolio.
There are two important items I don’t want you to miss before we get to the portfolio update. Here is this month’s full portfolio update with all our latest guidance. To read it, please scroll down all the way.
Your first recommendation is in the fast-growing field of Big Data. Consider this one fact: By 2016, the budget for Big Data than IT is today. Get your first pick now!
Infrastructure-related stimulus will likely arrive at some point in 2021, but the rallies in these sectors look very overextended. Our target price for CLF was $22 by the second half of 2021. It’s covered much of this ground in a matter of weeks. Since we might may be able to re-enter this position on favorable terms in the months ahead, let’s take gains today.
Here are the five articles I recommend you read this week. You’ll see how the Yuan has strengthened… why reports on the U.S. labor market are a mirage… Japan’s declaration of war on the world… why China’s becoming #1 is hype… how even the elites are finally agreeing we’re in a Currency War … and more! Each will give you a deeper understanding of the themes we’ll be exploring in your monthly issues…
