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Labor Day: A Holiday Against The American Spirit

Portfolio Armor's Photo
by Portfolio Armor
Monday, Sep 02, 2024 - 23:54
Labor Day imagery

Against The American Spirit

Regular readers may recall Will Tanner from his anarcho-tyranny thread I shared here last month. 

Tanner's back today with a thoughtful thread on Labor Day in the American context, which I've shared below. 

The Original American Mindset 

Tanner made a great point in that thread about the original American mindset: 

[T]he original American mindset, where jobs are treated as a way to get capital rather than as a lifelong position, and the goal is owning a farm or small business of some sort rather than always being at someone's beck and call

I would expand that to investing as well. Two hundred years ago, Americans invested in the speculative tech stocks of their day, canal companies, and fifty years later, they would invest in the tech stocks of the mid-to-late 19th century, railroads. Today, we have biotech companies, but the impulse remains the same, to become a capitalist rather than a laborer. 

On Friday, we placed three trades on biotech stocks, one of which is still open: 

Our Three Biotech Trades Today

  1. This was one of our four bullish trades last week. It dropped this week on news of subpar results on one of its drug candidates, but it has a number of other drugs in its pipeline and very strong fundamentals, including a valuation rating of 7, via Chartmill.

  2. This one appeared on our top names last night, and has a valuation rating of 6, which is high for one of our top names, which tend not to be value names.

  3. This one just got one of its drugs approved for Mpox (formerly known as Monkeypox, a disease targeting mostly gay men, but also some children and dogs recently).

You can read about them here. 

Click on the hand to go to the post. 

And if you want to lower your risk in the stocks you already own, you can download the Portfolio Armor hedging app here, or by aiming your iPhone camera at the QR code below.


If you'd like to stay in touch

You can follow Will Tanner on X here, and his American Tribune here. 

You can scan for optimal hedges for individual securities, find our current top ten names, and create hedged portfolios on our website . You can also follow Portfolio Armor on X here, or become a free subscriber to our trading Substack using the link below (we're using that for our occasional emails now).

 

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