Daily Brief United States: VanEck Gold Miners ETF/USA, Texas Pacific Land , Abacus Life , Bitcoin, Hilton Grand Vacations and more

• We remain bullish on the S&P 500 and Nasdaq 100 (QQQ), as they both refuse to close below their 20-day MAs or 21-day EMAs for more than 2-3 consecutive days.
• Once we do get 2-3 closes below the 20-day MAs on SPX and QQQ, it would mark the beginning of a pullback (a potentially rapid one, at that)
• Next supports currently at 4983-5050 on the S&P 500 and $425-$433 on QQQ (gap supports from 2/22/24), but anything in the 4800-4930 SPX range is a buyable pullback.

• The best combination of events for TPL is energy prices and production going up. This year, production levels in the Permian Basin recovered quickly from the seasonal decline.
• The hinderance to TPL’s quarter could come from the price of natural gas, which declined throughout much of the first quarter due to the warmer winter weather
• A majority of TPL’s revenue is from crude oil and natural gas royalties with production becoming the biggest factor in each quarter

• ABL’s SPAC merger did not generate significant proceeds, leading to limited research coverage and low visibility in the market
• Investors have identified ABL as a promising long-term investment with the potential for a 20% return on equity over the next five years
• ABL’s unique trading setup, with only 1.5 million shares available for trading due to insider ownership and a staggered lock-up period, presents challenges and opportunities for investors. Additionally, a $15 million share repurchase program has been announced, further adding to the intrigue surrounding the company.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• As we predicted in the last few weeks’ Crypto Crisp, the crypto market has been relatively stable in recent weeks.
• However, things are beginning to shift.
• During a speech in San Francisco on Friday, Federal Reserve Chairman Jerome Powell mentioned that robust economic growth in the US allows Federal Reserve officials to take their time with interest rate cuts.

• VIC has featured HGV multiple times, with the latest update in April 2021
• Stock price has remained stagnant, but potential upside of over 100% in next 2-3 years
• HGV became independent in 2017, acquired Diamond Resorts International in August 2021, and Bluegreen Vacations in November 2023, becoming the largest timeshare operator

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.