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A Jumpy Week For Caterpillar - A Week With Earning Reports

Here is Thursday's trading on the day on Caterpillar. Here is how the $417.50 calls that expire tomorrow closed the day. Something happened this week. Caterpillar had a quarterly earning report come out on Tuesday. It's stock trading action survived this news unscathed. Here is it's five day chart as of the end of Thursday. Maybe the 420.00 or the 422.50 series Calls are better to look at? Here they are. But wait. Deere got clobbered today on the release of a quarterly earning's report. Why didn't Caterpillar sell off in price in sympathy? It shoud have. Deere sold off $34.70. For this reason alone I would be more inclined to purshase the Puts. Here is the series I would consider. To be continued.
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One Analyst Pays A Visit To A Company Shop

.As the title says one analyst pays a visit to a company shop (he has a big bag of junior stocks to research and write about) and walks away starry eyed. Only in Canada.
Here is the stocks five year and one year chart.
Here are the January 2024 Call options.
Thirty dollars down to two dollars a share, what a ride for investors. So many "let's go electric" companies have had to go back to the well, often many times to ask for more money which dilutes the stock price. See my previous blogs on this company. Retail investors have no stomach for these kinds of stocks which have had a poor track record of providing meaningful guidance. Yet the macro winds are changing as our governments are going all in. Consider this.
The world is going electric and little companies like Lion Electric are fighting for a piece of the action. So many electric vehicle stocks have disappointed. Names, in a random order like Polestar - PSNY, Fisker - FSR, - Lordstown - RIDE, Lucid LCID, Sono Group - SEV, Mullen Automotive MULN, Livewire Group - LVWR, Electrameccanica - Solo and Faraday Future Intelligent - FFie (.21 cents trading 58.3 million shares on Friday). The lazy way to play all this is just to buy Toyota and be near center stage of this electric vehicle ride.
One final note. On August 17th I wrote a blog on Taiga Motors, a Quebec electric snowmobile company and the National Bank had an "outperform" ranking on it. Guess what? Here it is now.
Go figure. *** Which company would I be scared of going short most? Well maybe Taiga Motors. Trail blazing companies such as this one sometimes run out of money as they go up the ladder of rising costs on the dream of getting finished products in high demand shipping out their rear doors. Honestly, I know nothing about this industry other than to think the bigger producers in this field are or only a season or two away from having a version of the same thing and have dealer networks and more marketing skills.

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