To The Moon

Kenon Holdings (KEN) has gained 41% YTD, driven by higher global freight rates and strong Utilities-sector performance, despite volatile shipping rates. KEN's shareholder-friendly moves include a $3.80 dividend and stock buybacks, and it is exiting its stake in ZIM. Despite positive technical indicators and bullish seasonal trends, KEN faces challenges with high debt, negative GAAP EPS, and an uncertain earnings outlook. I maintain a hold rating on KEN, appreciating the yield and buybacks but wary of negative earnings and macroeconomic risks. J Studios Shares of Kenon Holdings Ltd. (NYSE:KEN) have performed very well so far in 2024 on a total return basis. Up 41% year-to-date, there have been tailwinds care of higher global freight rates, t

I am upgrading TAN from a hold to a buy due to undervaluation, improving technical patterns, and a bullish RSI divergence relative to SPY. Despite bearish sentiment and a 60% drop since summer 2022, TAN's price-to-earnings ratio is now attractive at 14, with a PEG ratio of 0.7. TAN's concentrated portfolio, high standard deviation, and cyclical risks suggest taking a small stake; use limit orders around market open. Seasonal trends are bullish from December through February, and technical indicators suggest a potential upside reversal if TAN climbs above $37. AndreyPopov/iStock via Getty Images Back in the summer, I outlined a counterintuitive Trump trade

Bitcoin's historical seasonality shows strong returns from December through February, with a median December gain of 8.6%, supporting optimism for a year-end rally. The CoinShares Valkyrie Bitcoin Miners ETF could benefit from Bitcoin's potential rally, though it currently faces overbought conditions and high volatility. WGMI's portfolio is concentrated, with 50% in its top four holdings, and has a high P/E ratio of 37.5, suggesting caution. Despite long-term positive trends, I maintain a hold rating on WGMI due to its stretched valuation and near-term technical warning signs. da-kuk Bitcoin (BTC-USD) tends to end the year well. In data going back to 2010, the token has typically returned 11.3%, on average, in December. The median gain

Argentina equities' strength, driven by a pro-capitalist government, have made ARGT the best-performing country ETF in 2024, attracting record inflows. ARGT's growth story is compelling despite its 0.59% expense ratio and high volatility, with a forward P/E of 16 (per the issuer) and a 19% EPS growth rate. The ETF's portfolio is highly cyclical, with significant allocations to Consumer Discretionary and Financials, and a notable overweight in Energy. I outline a 'buy the dip' strategy, targeting support in the low $70s, while maintaining a long-term bullish outlook on ARGT. Kutay Tanir/DigitalVision via Getty Images Momentum investors probably know which is the best-performing country ETF in 2024. Argentina equities have soared over multiple timeframes as a pro-capitalist government contin

The iShares MSCI Poland ETF is rated a buy due to its low 7.1x P/E ratio and strong 21% EPS growth rate. Despite recent underperformance and high volatility, EPOL offers significant income potential with a 5.0% yield and a diversified sector exposure. The fund faces risks from currency fluctuations and sector concentration, particularly in Financials, but has technical support above $20. Seasonal trends suggest caution entering early in the year, but the current valuation and technical setup present a favorable entry point. SW Photography/DigitalVision via Getty Images The US Dollar Index has been on a torrid rally over the past two months. Even before the US election, the greenback was on the ascent, pressuring ex-US stocks. Shares of European equities have come under particular pressure,

I reiterate 3M a hold due to its fair valuation near $130 per share and mixed technical indicators. Despite a strong mid-year rally and solid Q3 earnings, MMM's growth prospects and valuation multiples remain modest. Key risks include potential margin pressures, supply chain issues, and global GDP growth weakness, which could impact future performance. The stock is consolidating gains with support at $123-$125 and resistance at $140, suggesting a trading range in the near term. josefkubes 3M (NYSE:MMM) soared mid-year, posting its best earning-day reaction in the company’s history, but the rally has stalled lately. Still up more than 45% in 2024 (total return), shares of the Minnesota-based Industrials sector stalwart have eased off the

General Motors' Q3 earnings beat expectations, with non-GAAP EPS of $2.96 and revenue of $48.8 billion, driving a 20% stock increase since my last analysis. I maintain a $77 price target for GM, citing strong free cash flow, profit growth, and a compelling valuation despite long-term uncertainties in EV and AV markets. Near-term technicals are bullish, with the stock above key moving averages and RSI momentum strong; the next resistance is at $67. Key risks include faster AV and EV adoption, macroeconomic factors like higher unemployment, and geopolitical tensions impacting the supply chain. jetcityimage Tesla (TSLA) has captured much of the limelight following President-elect Trump's victory earlier this month. Shares of General Motors (N

Tech stocks, excluding semiconductors, have surged, with IBM benefiting from AI trends, but valuation concerns prompt a downgrade to a hold. IBM's Q3 results were mixed, with strong software growth but weak infrastructure performance, causing a significant stock drop despite a bottom-line beat. IBM's financial outlook includes solid free cash flow and potential EPS growth, but competition and debt sensitivity pose risks. Technical analysis shows IBM's strong momentum, with $200 as support and $232-$237 as resistance, but valuation limits further upside. Michael Derrer Fuchs Tech stocks away from the semiconductor industry have come back with a vengeance in recent months. The AI trade temporarily peaked at the onset of the second half, resulting in software and legacy technology areas outpe

GE's breakup into GE Aerospace, GE Healthcare, and GE Vernova has been lucrative, with strong performance and potential restructuring trends in other firms like 3M and Comcast. Despite robust earnings and a 90% YoY stock increase, I maintain a hold rating due to valuation concerns. GE's dominant jet engine market position and plans to return 100% of free cash flow to shareholders are positives, but competition and geopolitical risks remain. Technical analysis shows a favorable long-term trend, with support between $170-$175 and resistance at $195, but the stock is fully priced at 30x 2026 EPS. jetcityimage The decision to break up General Electric turned out to be among the most lucrative moves in recent history within the corporate event niche. Shares of GE Aerospace (NYSE:

Energy stocks have been bullish; XLE hit an all-time high, and Goldman Sachs is optimistic about oil prices short-term but cautious medium-term. XOP is rated a buy due to its low P/E ratio, improved technicals, and diversified portfolio, despite seasonal weaknesses. XOP's top 10 holdings are less than one-third of the fund, with a strong value focus and significant SMID cap allocation. Technical analysis shows bullish signals for XOP, with a potential target of $160, though resistance around $155 and seasonal risks remain. SimonSkafar Energy stocks have been on a stealthy bullish run over the past several months. I noticed that the Energy Select Sector SPDR ETF (XLE) notched a new all-time closing high earlier this week (on a total return b