I covered my shorts and upped cash to nearly 70%, watching from the tall grass. My longs consist of non tech stocks, financials and REITs, mostly immune to the volatility present in the tape. But if we get a rout, nothing will be immune.
A few thoughts
Amazon inked an energy deal for nuclear today and we are seeing these deals almost non stop. As a result, nuclear plays like $CCJ and $SMR are taking off. This is a long term bullish trend of note.
Anything related to energy and the efficiency by which the energy is handled and maintained is a good play. This spills over into data centers and who cools them, namely $ETN and $VRT.
On the Orwellian front, I’ve been looking into $YOU recently and learned they’re expanding past the TSA pre clear checkins to facial recognition in retail stores to fight shrinkage, casinos to fight cheats, and have targeted financial services to combat fraud. In other words, identity via your face is being used to reduce friction and combat crime. This is the brave new world and it’s extremely profitable .
Last thing I’ll touch on is $HOOD. Many only view this as a low brow brokerage play, but it’s much more than that. They have more millennial and gen z clients than all other online brokers combined. What this means for when the boomers pass on and pass down their wealth is a tailwind. They’re also getting competitive in the credit card biz, margin lending and subscription services via their gold package. Naturally this all works in a strong market environment, which I think for the most part is a safe bet.
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Well, if facial recognition becomes commonplace, the next big thing will be face prosthetics.