Afternoon!
Just combing through charts, and I saw this one in Alcoa. Kinda insane.
Now, I know Metals are in vogue right now from both a narrative & flows perspective (positive and improving):
***
Financials 4
Energy 4
Consumer Cyclical 4
Consumer Defensive 2
Industrials 1
---- Materials 1----
Utilities 0
Technology 0
Real Estate -2
Communications -3
Healthcare -4
***
But seriously?? This chart is insane, and the temporary increase in profits from all of the shortages might last for the next two years, if we're lucky. Buying this at 12x FWD cash flows when that leading number is liable to drop seems like a LOT. I'm steering clear of stuff like this at these prices. With the rate situation, banks seem like a much better "value" play. KRE is something I'm actually considering.
Just combing through charts, and I saw this one in Alcoa. Kinda insane.
Now, I know Metals are in vogue right now from both a narrative & flows perspective (positive and improving):
***
Financials 4
Energy 4
Consumer Cyclical 4
Consumer Defensive 2
Industrials 1
---- Materials 1----
Utilities 0
Technology 0
Real Estate -2
Communications -3
Healthcare -4
***
But seriously?? This chart is insane, and the temporary increase in profits from all of the shortages might last for the next two years, if we're lucky. Buying this at 12x FWD cash flows when that leading number is liable to drop seems like a LOT. I'm steering clear of stuff like this at these prices. With the rate situation, banks seem like a much better "value" play. KRE is something I'm actually considering.
Want more high probability trade ideas?
Click here ⬇
seekingalpha.com/author/propnotes/analysis
Click here ⬇
seekingalpha.com/author/propnotes/analysis
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Want more high probability trade ideas?
Click here ⬇
seekingalpha.com/author/propnotes/analysis
Click here ⬇
seekingalpha.com/author/propnotes/analysis
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.