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By Laura Sanicola, Barron’s Copper and gold have been winning bets as both the industrial and precious metal notch big gains this year. Copper faces some technical trading hurdles, though, and it may pay to wait for a pullback before buying. Bruce Zaro, managing director at Granite Wealth Management, sees $4.72 as a key level, […]

Investors know that copper has been on a run in 2024, seeming to validate the Goldman Sachs thesis that says persistent undersupply of the metal is coming at the perfectly wrong time. As data center demand skyrockets to power AI and parts of the West move to electrify their grids, the red metal seems perfectly

Here it comes… the old calls of, “Sell in May and go away.” Expect to hear this phrase trotted out with regularity by market pundits. While this saying used to have merit, fully a year ago we debunked the idea that is still does, pointing out how it has lost all relevance over the past

Earnings season is here yet again, causing some of the widest stock market swings we’ve seen in a long time. How has it gone?  So far, mostly according to plan, but always prone to some sandbagging — the managment of earnings expectations, particularly by some of the largest publicly traded companies. When drilling down, however,

The long-expected consolidation has arrived, albeit a little behind schedule. Pundits cite US politics. So far, it’s been a mixed bag of reasons for a deep pullback… geopolitics, Fed jawboning, interest rate prognostications and today, GDP. My viewpoint, as readers know, is that these periods between quarterly earnings season are when investors tend to take

Today I was talking with an investor who asked, “Is there ever a situation that arises where the chart looks so bearish it’s actually bullish?” Yes, typically around tax loss selling into the January bounce.  We do occasionally employ this strategy in our portfolios. You should strictly view this as a trade, however. Think about

None of us expect the weather to be all sunshine and perfect temperatures. Sometimes it rains. Sometimes the wind blows heavy. Sometimes it’s cold. Sometimes it’s really hot. Sometimes it’s cloudy.  Plans might have to change a little bit, but we don’t usually react extremely to the generally normal weather. When the weather gets extreme,

Once again, we share our quarterly outlook for the stock market. This is a comprehensive viewpoint contained within a pdf report that is meant to synthesize many of the shorter blog posts that we post regularly. The full report can be downloaded here (Granite-Wealth 2024 Q2 Report) and at the bottom of this post. A

Last week we wrote about sectors to consider in the March rebalancing period. We identified 2 sectors of growth stocks to consider, Restaurants — one day before Chipotle’s 50-1 split announcement — and Building Suppliers. Today, we want to drill down into the latter. We favor the building materials companies over home builders as they

We have been expecting a pause in the spring of this election year for some time.  Historically, this has arrived in the February – March period. As growth stock managers, we are constantly on the lookout for under-the-radar growth stock opportunities. In such a sector rotation, will value stocks regain their leadership? We think not,