Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...
In the last lifetime members-only briefing held in January, Jim discussed the economic implications of a Bernie Sanders victory on the healthcare industry. The stock recommendations that Dan provided on the call are up substantially so we recommend locking in profits on the short positions before a market bounce as the Fed will likely intervene. Receiving extra recommendations is an exclusive bonus of being a lifetime member so congratulations on your gains!
GOLD shares performed very well in February as its outstanding fourth quarter report indicated. So, there is better value available in our other gold positions. We will keep an eye on Barrick acquiring junior producers at attractive prices in the near future. For now, we recommend taking profits on this position.
We recommended Coterra Energy to profit from the underinvestment in the critical supply chain link of oil and natural gas. We think Coterra’s earnings power over the next year or two is in the range of $4 - 5 per share. However, in the short term, CTRA is overbought. It’s now trading at a premium to peers. So, we recommend booking profits now.
Despite lackluster third quarter earnings reports, investors are piling into stocks. But such a bullish environment is unlikely to last. With a less than impressive quarterly report last week, one of our positions still ralled due to the broad stock market upward trend so let’s take gains now before a downturn.