Dark Money Sell Alert: Sell Your FLR Calls and PCG Puts

FLR is still very depressed relative to its earnings potential and the Biden administration’s future infrastructure plans will aid its earnings recovery. But with infrastructure negotiations proceeding slowly, and the August recess ahead, a bill may not be signed until far into September. Let’s take a loss now to recoup some value. Also, PCG shares have performed poorly due to wildfire concerns, and we have a nice gain on this position in a short time frame, so we recommend selling shares now.

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Dan Amoss

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...

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