bullish
Weekly Stock Bullfinder - Week of 8/29
SUMMARY
- The past two weeks have been full of announcements by various companies in Europe’s industrial sector that they are either shutting down production or curtailing production due to spiraling energy costs.
- This includes steel companies, fertilizer companies, aluminum foundries, and chemical companies which use natural gas in manufacturing to produce their end products.
- This got me thinking these announcements may be just the next leg of continuing the theme started by Howard Mark’s memo (link below) of the “pendulum swing” whereby the inability to have cheap and stable energy prices will likely result in companies seeking alternative supply sources away from Europe.
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