Archive Category: Green Zone Fortunes (Alerts)

Shares of homebuilder Hovnanian Enterprises Inc. (NYSE: HOV) are skyrocketing higher today. The stock is up nearly 5% from the open this morning and a massive 15% over the last five trading days.

U.S. stocks seem to have found their footing as the Dow Jones Industrial Average hit 38,000 points for the first time in history and the S&P 500 climbed above 4,800 points to a new all-time high. But it doesn’t mean that every stock is in favor with investors. One sector of the market is taking a beating: Chinese stocks.

Shares of Franco-Nevada Corp. (NYSE: FNV) closed below our stop-loss at the end of yesterday’s session, and are trading flat after this morning’s open.

Shares of Genie Energy (NYSE:GNE) are going “vertical” today. They’re up more than 15% from Friday’s close on the company’s earnings report, which showed a 54% year-over-year increase in revenue, to a record $125 million. When I recommended buying shares of GNE in the March 2023 issue of Green Zone Fortunes, I set a profit target of $38 over three years.

Long-time Green Zone Fortunes readers know I’m bullish on the energy sector. And I won’t be fooled into picking sides between the legacy fossil-fuel producers and the up-and-coming renewable, or “green” energy companies. Sure, those two sides of the energy spectrum are battling among themselves for market share of the future of energy … but that doesn’t mean that investors can only do well if we pick the eventual “winner.”