Selv om Saxo Bank peger på en fortsat nedtur på aktiemarkedet og i økonomien generelt, så peger banken på nogle sektorer og selskaber, hvor der er mulighed for gode investeringer. Kina udgør nogle muligheder, fordi aktierne er billige, og økonomien er på vej op, men Saxo Bank understreger, at regeringens prioritet lige nu ikke er vækst, men stabilitet i samfundet, så derfor skal investorerne også være forsigtige. Det samme gælder alternativer til olie, f.eks. selskaber, der producerer ilt som brændstof. De fleste selskaber er ikke profitable. Også producenter af uran rummer muligheder, da USA nu køber uran i andre lande i stedet for i Rusland, men også hér skal investorer være omhyggelige, da langt fra alle uran-selskaber giver et godt afkast.
Potential trading and investing ideas?
We maintain our view that the recent rise in Chinese equities has been a tradable bear market rally that may wane anytime. The prospect of concluding cybersecurity investigations into Didi and other tech companies, the approval of second batch of online games, and U.S. Treasury Secretary Yellen’s repeated signals, including the latest one from yesterday, to reduce or rollback tariffs on some goods from China to lower inflation in the U.S., contributed to this week’s strong performance in Chinese stocks, in particular tech stocks listed overseas.
It is important to note that the slope to climb is still steep for the Chinese economy and valuation of Chinese stocks in general is inexpensive but not dirt cheap once we take into consideration of the plausibility of earnings downward revisions and misses. Common prosperity and stability remains a key focus of the Chinese leadership, instead of economic growth.
Clean energy remains on watch with the oil price likely to head higher. As tweeted yesterday Hydrogen stocks are in focus with a $36 billion Asian renewal energy hub seeking approval. The potential new Asian hydrogen hub aims to help tackle climate change by installing solar and wind capacity in Western Australia to produce green hydrogen.
Most hydrogen stocks are not profitable. However the following two stocks are; Chart Industries (GTLS) that makes 51% of revenue from America, 32% EMEA, 17% from APAC. And Bloom Energy (BE) which makes 62% of revenue from the US, AND 38% from APAC. For more inspiration look at Saxo’s Energy Storage Basket and look at Hydrogen ETFs: like HGEN which tracks some of the biggest hydrogen companies globally.
Uranium stocks, take a haircut, but appear supported following yesterday’s $4.3 billion pledge to support US uranium. So, the US wants to buy enriched uranium directly from domestic producers to wean off Russian imports, which is critically important especially if the Russia ceases exports.
The ETF, Global X Uranium ETF (URA) that tracks some of the largest global uranium mining companies fell slightly overnight, 0.3%, after rocketing up 6% the day before on the stimulus news. US Uranium stocks to keep on your radar include Cameco (CCJ) that makes about 52% of its uranium income from the US, and the rest from Canada. Another company to look at is Energy Fuels (UUUU).
