To The Moon

Summary Interest rates have fallen, benefiting leveraged closed-end funds like Columbia Seligman Premium Technology Growth Fund, which invests in tech stocks and uses an options strategy for downside protection. STK generally tracks the Nasdaq 100 ETF but has underperformed during market corrections and has higher seasonal risks. Despite a solid long-term track record and attractive valuation, STK's mixed relative performance history warrants a hold rating. Technical analysis shows STK in an uptrend with support in the $28-$30 range and resistance around $34-$35, targeting a long-term high near $40. Thomas Barwick Interest rates have fallen hard in the past few months. The yield on the 10-year Treasury note peaked at 4.74% on April 25 when there were real fears of a sustained pick bac

Summary I maintain a buy rating on VEA due to its attractive valuation, strong diversification, and higher dividend yield compared to US equities. VEA's underperformance relative to the S&P 500 is due to its lower exposure to tech and higher exposure to cyclical sectors. The US Dollar Index's stability in 2024 has been a tailwind, but VEA's diversified holdings have limited its alpha generation. Seasonal trends and technical resistance suggest potential near-term volatility, but the long-term uptrend remains intact. imaginima The Vanguard FTSE Developed Markets Index Fund ETF (NYSEARCA:VEA) has been a serial underperformer compared to US equities. It primarily has to do with the sector makeup of the two sections of the global stock

Summary I maintain a hold rating on TAN due to its decent valuation but weak momentum and bearish seasonality. TAN outperformed from Election Day 2016 to 2020, but is down over 20% in 2024, with assets under management dropping significantly. The ETF has a 17.3x price-to-earnings ratio, with a high annual volatility and concentrated allocation, posing cyclical risks. Despite weak price trends, a breakout above the June peak could lead to a rally up to $67, offering potential upside. Justin Paget Looking for a Trump trade? Solar stocks might not jump out at you, but the Invesco Solar ETF (NYSEARCA:TAN) returned 332% from Election Day 2016

Summary I have a hold rating on the ProShares Bitcoin Strategy ETF due to mixed macro risks and bearish seasonality in the near term. The Fed's anticipated rate cuts could benefit Bitcoin, but a stronger US dollar and historical seasonal weakness in August and September pose risks. BITO offers exposure to Bitcoin futures, not directly to Bitcoin, and has returned 35.3% year-to-date compared to spot Bitcoin's 43.3% gain. Despite current bearish trends, the long-term outlook for Bitcoin remains constructive, with potential for gains in the October-December period. da-kuk The Fed's long-awaited rate-cutting cycle is nearly upon us. September 18 is the date to mark on your calendar - that's when the first quarter-point ease is likely to come. There's even about a 1-in-3 chance of a large

Summary Health Care stocks, particularly Eli Lilly, have surged recently, with Tenet Healthcare (THC) also performing well post-COVID, but now near intrinsic value. Despite strong earnings and high free cash flow, I downgrade THC from buy to hold due to its fair valuation and potential mean reversion. THC's growth in ambulatory surgery centers and shareholder rewards are positives, but risks include high-interest rates, regulatory issues, and a high P/E ratio. Technically, THC shows strong momentum but is extended from its 200-day moving average, suggesting possible pullback during historically weak periods. JHVEPhoto Health Care stocks have put on a show in recent months. While not in the limelight, the sector mixed with high-growth names and defensive equities has notched all-time

Summary I maintain a hold rating on the VanEck Vietnam ETF due to its low valuation but weak momentum and technicals. VNM has significant exposure to Real Estate and Financials, sectors sensitive to interest rate changes, and lacks Information Technology exposure. The ETF's concentrated portfolio and high historical volatility present elevated risks, despite a low price-to-earnings ratio and high long-term EPS growth rate. Technical analysis shows VNM struggling near multi-year lows with potential support between $11 and $12, but overall weak technical indicators. Khoa Nguyen/E+ via Getty Images Global stocks are broadly higher in the past year. The S&P 500 is up about 30% total return over the last 12 months, while the all-country world ex-US index has returned more than 18%. B

Summary Iron ore prices have been weak in 2024, but a rebound since mid-August aligns with Brazil's stock market recovery, though Vale S.A. hasn't fully participated. Vale's Q2 results were mixed, with strong iron ore production but a revenue miss; ongoing risks include China steel production and environmental liabilities. Despite technical risks, Vale's valuation is compelling with a P/E ratio below 10 and an EV/EBITDA multiple under 4, suggesting undervaluation. I maintain a hold rating on Vale, noting potential upside if the stock breaks above $11-$12, but caution due to recent technical breakdowns. Monty Rakusen Iron ore prices have been weak throughout much of 2024. Like copper, the industrial commodity was performing well at times in Q2, but ongoing economic weakness in China

Summary The July Retail Sales report and August Johnson Redbook figures show strong consumer spending, benefiting consumer companies and supporting a soft economic landing. I reiterate the SPDR S&P Retail ETF a buy due to its attractive valuation, decent technicals, and diversified exposure to retail sub-industries. Despite historical September weakness, XRT's technical setup is favorable, with a rising 200-day moving average and potential upside if resistance at $80 is broken. Key risks include potential downturns in consumer spending and higher input costs in 2025, but current trends and valuation remain compelling. Betsie Van der Meer/DigitalVision via Getty Images The July Retail Sales

Summary Gold and gold-mining stocks have surged, driven by a weaker USD and central bank buying, with RING outperforming other gold ETFs. RING offers diversified global exposure to gold mining companies, trades at a low valuation, and has strong price action, earning a buy rating. Despite seasonal weakness, RING has bucked trends, showing bullish indicators and positive momentum, with a concentrated portfolio in top gold miners. Technical analysis shows RING at key resistance with a rising 200-day moving average, suggesting a higher broad trend despite potential near-term pullbacks. jmoor17 Gold has had quite the last 12 months. An ounce of the precious metal soared to new all-time highs earlier this year amid rising US government debt and major central bank buying activity. The lates

Summary I reiterate a buy rating on Newmont Mining due to higher gold prices and improved EPS growth trends over the next two years. Newmont reported strong Q2 results with a significant EPS beat and robust revenue growth, aided by high gold prices and effective management. Key risks include potential declines in gold prices, higher interest rates, and geopolitical issues, but the growth trajectory and balance sheet improvements remain promising. Technically, NEM is in a bullish uptrend with strong RSI momentum, though it faces near-term resistance around $61. RiverRockPhotos The soft US economic landing appears to have rocky implications for the US Dollar Index (DXY). A decent macro growth backdrop along with a weaker greenback is a