MT is typically the slower brother to that of Mr. X, but that's about to change.
Why?
- Reducing costs, plan to lay off about 20% of workforce in coming years
- >$1B in Buyback planned
- Spot prices of steel have are at 7-10 year highs and continue to rise
- Demand will skyrocket once Biden's infrastructure stimulus revealed, and once economy opens back up
-...
XSPA is in it's first LT uptrend since 2016. Hard to believe how little this one is talked about. Let me explain the opportunity here...
1. Highly shorted stock
2. Many instutional investors started going long since beginning of the year - Vanguard, MS to name a few, and the majority of them are at cost basis around this price.
3. Fundamentally, the business...
The US dollar as represented by DXY has reached critical support (more evident on quarterly chart), and will now being to squeeze upwards. Directional change in dxy usually happens around political catalysts and I believe the bottoming of DXY here lines up a little too perfectly around inauguration. We're targeting $94 by the end of Jan 2021.
Further...
