Rejecting Gold Mining Stocks
Nov 30, 2024
The Green Screens have been a good way to tell which commodities are hot at any given point in time. A few years ago we saw a bunch of coal stocks show up as the outbreak of the Russia/Ukraine war spiked natural gas prices. That conflict also led to increases in uranium prices that led to a few of those miners getting screened. Recently, we've seen a number of gold miners (Alamos Gold, New Gold, Royal Gold, and Anglogold) show up, due to the 30% increase in gold prices this year to record highs. I've never been a fan of investing in commodity stocks, just because prices can be so volatile and unpredictable. That doesn't change now. I'm removing all 4 of these gold mining stocks from consideration today.
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Watch List
| APPF | 1.76% |
| CMG | 41.39% |
| VEEV | 15.19% |
| INTU | 18.43% |
| WDAY | -7.41% |
| PSTG | -1.35% |
| RDDT | 21.21% |
| NTNX | 25.72% |
| CRWD | 93.19% |
| SE | 28.99% |
| SNOW | 13.54% |
vs. Fair Value Estimates
Buy List
| PINS | -36.17% |
| SEMR | -34.19% |
| TSM | -41.43% |
| ZETA | -25.56% |
| GOOG | -49.87% |
| NYAX | -28.83% |
| MSFT | -28.75% |
| ODD | -28.48% |
| FLYW | -41.42% |
| HRMY | -59.78% |
| YOU | -38.88% |
| ABNB | -30.73% |
| ADBE | -42.67% |
vs. Fair Value Estimates
Hold List
| ASML | -23.38% |
| VTEX | -14.40% |
| ASR | -24.34% |
| CELH | 43.72% |
| TOST | 19.13% |
| CPNG | -11.62% |
| HIMS | -18.63% |
| PAYC | -18.53% |
| MNDY | 18.86% |
| GLBE | -22.26% |
| ZS | 34.88% |
| V | -6.51% |
| ADSK | 0.54% |
| NOW | 13.21% |
| MELI | -23.90% |
| FTNT | 0.63% |
| TEAM | 0.80% |
vs. Fair Value Estimates