By Jeffrey Cohen, Investment Advisor Representative
US Advanced Computing Infrastructure Inc.
May 20, 2022
It feels like we are on the eve of a special day today. It is Friday, options on individual stocks expire, and we are finishing off a difficult week in the markets. There is little news of significance other than inflation rages on, and our US Federal Government is taking a very cautious approach to making changes.
Yesterday, we stepped into the world of MEME stocks and the lure of easy money. After spending a day doing research we realize that the stocks being pumped do not have fundamental values to support increased prices. They are being promoted on the belief of a brighter future, or the lure of class struggle, or truly meaningless tweets with funny pictures.
Today is a new day. We tightened the filters on our analysis to incorporate even stronger fundamental stocks.