26. April 2021 | 07:05 CET
Daimler, Osino Resources, JinkoSolar - These are the stocks you should own, now!
The money floodgates remain open. The key interest rate remains at 0% and bond purchases will continue until further notice. Thus, the ECB, just like the US Federal Reserve, relies on an ultra-loose monetary policy. For growth stocks, this is a good sign. Sectors such as hydrogen, fuel cells or electromobility could turn upwards again after a stronger correction. However, it is also a warning sign regarding inflation. The monetary guardians do not want to know anything about this issue yet.
time to read: 3 minutes by Stefan Feulner
Inflation is coming
In the medium term, the European Central Bank is pursuing a target of inflation of around 2%. In fact, at 1.3% in March, it is "still" well below the stated limit. However, one must not forget that Europe is still in lockdown almost everywhere. The situation is different if you look across the pond to the USA. Here, the advanced successes of the vaccination programs have already taken us a step further. The inflation rate was already 2.6% in March, officially. This is because commodity prices are exploding due to the enormous demand and supply shortage caused by the Corona pandemic. Consumers are likely to notice this creeping inflation in your wallet very soon. Take Precautions. Investing in gold as capital and inflation protection is also a good idea due to the current fundamentally favorable valuations of the gold mining sector.
Five hard years of work lie behind the team at Canadian gold exploration Company Osino Resources, which is focused on developing its Twin Hills grassroots gold discovery in central Namibia. Namibia has long been considered the most mining-friendly country on the continent due to its good infrastructure and political and legal stability. Osino has a large footprint of approximately 7,000 square kilometers in Namibia's prospective Damara sedimentary mineral belt, which is largely near and along a strike from the producing Navachab and Otjikoto gold mines. The main Twin Hills project is located just 20 kilometers from the largest gold deposit in southern Africa outside the Navachab Wits Basin. With an expenditure of 69,000 drill meters, 125 drill holes and a total of less than USD 25 million in exploration costs, initial resource estimates have now been determined there.
For the analysts at Sprott Equity Research, the reported data of 1.9 million ounces at grades of 1.1 g/t are a clear buy argument with a price target of CAD 2.55, especially since a further 75,000 meters of drilling are planned for this year. Thus, the experts expect high-grade shoots in the vicinity of the mine. The experience of the management team also plays a role in the analysts' optimistic attitude. In 2011, the team led by Osino Resources CEO Heye Daun was able to sell Auryx, which explored the Otjikoto mine, to B2 Gold for CAD 180 million. A similar move is expected this time around at Osino Resources. The stock, which is tradable in Frankfurt and Toronto, is currently trading at CAD 1.37, about 90% below analysts' estimates.
The 20% chance
The all-time high of the solar module manufacturer JinkoSolar was a whopping USD 90 at the end of November. Currently, the paper is dangling at USD 39.12. From a chart perspective, a rebound could now be in the offing. In recent days, the share formed a bottom around the support area at around USD 37.50. The massive oversold condition and the possible breaking of the resistance line at USD 40 could initially lead relatively quickly to the downward trend formed since the end of December at currently USD 46.50.
For the future, the Chinese Company is committed to sustainability. By joining the world's largest sustainability initiative for companies, the United Nations (UN) Global Compact, signatories are called upon to align their business activities and strategies with the most important principles in human rights, labor, the environment and anti-corruption.
Daimler is doing well, analysts are celebrating, and profits jumped for joy in the first quarter. In the first three months of 2021, the Stuttgart-based company posted a net profit of EUR 4.29 billion. A year earlier, the balance sheet showed only EUR 94 million. In addition, Group sales climbed by 10% year-on-year to EUR 41.0 billion. The reason for the excessive jump in profits was primarily the cost-cutting measures, which are expected to continue. The outlook for 2021 as a whole also met with a positive response from stock market participants. The Group now expects a return on sales before interest and taxes of 10-12% for the cars and small commercial vehicles segment, excluding special items. Previously, management had forecast a margin of 8-10%. JP Morgan sees a price target of EUR 92 and gave the rating "overweight."