Century Aluminum Company
$-0.09 (-0.65%) Today
52 Week High
52 Week Low
7 Days Mentions
Why is no one talking about coal or resources/commodities? These stocks are going through the roof. Companies ($AMR, $X, $BTU, $CENX...) are making enough FCF to cover their entire market share in 1-2 years. Russia exports energy and resources and there were structural shortages BEFORE the Ukraine invasion. It's only gotten worse. My portfolio (heavy with call options) has nearly doubled in just over a week. I don't understand how no one is talking about these stocks. You could have thrown a dart at a coal company this past week and made 30%, easy (in a single week). These are companies that are going to make a ton of money.
I don’t know I bought a couple round lots of USO since crude is easier to ship than nat has two days before and then today picked up a lot each of VALE CCJ and CENX (nickel, uranium and aluminum). Up about 8% so far. Think I’m going to hold these until we see sanctions being eased. Maybe sell some calls if it starts to stabilize.
Bad for those companies and would continue copper shortage, so the metal would go up. Aluminum is basically the only other answer, also in large supply crunch right now, one of the most expensive to smelt though (I'm in CENX as US national security supply)
I don't care about analysts. That means I don't care if a stock is covered or not. ![gif](emote|free_emotes_pack|grin) Checking my portfolio there are a few stocks with no or very little coverage: $MLI, $VTOL, $VISTA, $CENX, $HIMX Disclosure: I hold shares of all stocks mentioned above.
I'm working on opening a strangle on CENX. Why? As a collateral play for Alcoa earnings since they IV on Alcoa is crazy and CENX is the most correlated stock. Unfortunately CENX options only trade in 5 cent increments and the spreads are pretty roughly. This is gonna take some patience
For anyone who doesn't want to play banks or Netflix, here are two ideas I have A collateral play on other aluminum companies (ACH, CENX, KALU) on Wednesday since Alcoa is the first to report Also, a collateral play on oilfield services on Thursday since Schlumberger is the first to report and the biggest pureplay company in that sector. WFRD and HAL would be the tickers. I don't have a direction in mind so I'll probably just play strangles.
What's your opinion on CENX - looking dirt cheap right now and it's expected to bounce back huge. I'd say that expectation is factored in the price, but can it really be at a forward P/E between 6 and 7 and a P/S of 0.60? ​ I don't think the demand for Aluminum is gonna dry up anytime soon tbh.
Hey, matey: you’ve got it right. Not a one of us simpletons know how the general market is going to play day to day. Personally, I like to pick stocks that are trading in nice swings on almost a three month basis. You’ve got a nice time frame to base your entry/exit point, and just need a little faith for nice, short term gains. To be specific, I’ve been watching CENX and GE for nice, regular swing trades. You can make some decent money off of both of these *if* they continue to preform the way they have in recent months. Wish you the best of luck.
Mining companies definitely. Cameco (CCJ) I like if you really feel compelled to go with uranium, though I'm of the opinion that the entire industry is now at artificially inflated prices and don't really see any impetus for miners to go up as much as they have while uranium demand is actually less for this year compared to last (users of uranium get contracts for their supply well in advance). Longer term, say 5-10 years from now it could be a different story, but for now I don't see the justification. For aluminum I like Alcoa, and as a processor of aluminum CENX. Their prices are dependent the commodity price of aluminum and the price has been going up. Copper I like both FCX and SCCO. If I was going for iron I'd probably stick with one of the massive mining companies such as VALE, BHP, or RIO. Gold NEM is the only one I'd go with, otherwise I personally would just stick with an ETF for precious metals.
Aluminum stocks may be my move tomorrow. Chinese supply worries pushed them up today, and supply is being cut in China. There’s a big meeting in China this week where they will announce goals for 2021 and the economic plan for the next 5 years and aluminum is expected to be a big topic since China is the biggest user and producer of it. The US expects the demand of aluminum to increase steadily for two years, starting at the stimulus payout. Goldman Sachs upgraded AA from sell to buy today too. Seeking Alpha expects tickers AA, ACH, CENX, CSTM, ARNC, JJU to be impacted, most were up today too. I need to do some more research but definitely may be my next moves.