Submit Release April 12, 2021 (PRLEAP.COM) Business News Park City UT www.e-janco.com Janco has analyzed the potential impact of the proposed tax plans and estimates that 50,000 to 75,000 IT jobs will be lost if the taxes proposed are passed.
The CEO of Janco Associates, Inc., Mr. M. Victor Janulaitis said, The proposed increased corporate tax rates, reinstatement of the minimum tax, elimination of expensing investments, elimination of reduced capital gains tax, and higher individual tax rates will slow if not stop investments in IT. This in turn will slow the expansion of the IT job market. This will start as soon as it looks like the taxes may be passed. If inflation rears its head due to increased deficits there could be a double hit.
The gold miners’ stocks suffered a rocky start to 2021, rolling over into an extended correction after a young upleg prematurely failed. The resulting deeper lows left sentiment overwhelmingly bearish, with this contrarian sector deeply out of favor. But over the last five weeks or so, gold stocks have powered higher again in another young upleg. This one has a far-stronger foundation given the underlying gold setup.
The leading and dominant gold-stock benchmark and trading vehicle remains the GDX VanEck Vectors Gold Miners ETF. It held $14.2b in net assets in the middle of this week, a massive 30.6x bigger than the next-largest 1x-long major-gold-miners-ETF competitor! Several weeks ago I analyzed the top 25 GDX gold miners’ latest quarterly results, which revealed this sector now enjoys
AMD profiting from it s Zen 3 processors if not it s 6000 series GPU s due to lack of supply has meant that AMD s eye watering valuations have evaporated. Gone is Mid 2020 s EC of 317, gone is Novembers 137, AMD not stands on an EC of just 56! Which means AMD IS CHEAP! Thus gets a buy rating of 100%.
AMD is correcting which is good news given the fact that I consider the stock to be cheap in valuation terms. However with heavy support at $74, there is not much downside form the current price of $84. The current downtrend is pending reversal which could happen at any time. AMD s buying level remains at $78, though do take note that the Buy rating is 100%, so personally if I were looking to buy AMD stock then I would at least buy some at the current price with perhaps a limit order to buy more at $78.