June 21st, 2021 | 10:49 CEST
Palantir, Blackrock Silver, Freenet - Decisive weeks
Uncertainties on the capital markets are increasing, and so is the potential for corrections. The reason is once again the concerns about rampant inflation. After last week's meeting of the US Federal Reserve, key interest rates were left at historic lows, but discussions about curbing bond purchases and possible interest rate hikes as early as 2022 continue to grow. If the FED were to call an end to the ultra-loose monetary policy soon, this would be a fatal sign for the markets with far-reaching consequences.
time to read: 3 minutes | Author: Stefan Feulner
ISIN: US69608A1088 , CA09261Q1072 , DE000A0Z2ZZ5
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Author
Stefan Feulner
The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.
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Blackrock Silver - The foundation stone has been laid
The precious metals and commodities markets, in particular, were hit hard last week. The silver price lost almost 8% within a week and, at USD 25.80, is just above its support area of USD 25.50. No question, the short-term technical outlook is anything but bullish due to the brutal sell-off. Thus, it can be assumed that the price will retest the low of USD 23.78 marked at the end of April. Should this not hold, the next target would be seen in the area of USD 22.50. In the long term, however, the outlook for precious metals remains positive due to the turmoil in the global financial systems. Thus, in the correction currently taking place in the uptrend, there are good opportunities to add fundamentally favorable shares of silver mine operators to the portfolio.
Blackrock Silver is buying into a well-financed company that could become one of the high flyers in the next upward push of the silver market due to its first-class properties in the "Silver State" Nevada. The current focus is on the Tonopah West project, which covers a large area west of the Tonopah Silver District. This segment, known as the Walker Lane Trend, has historically had the most significant silver discoveries in the state. The vision of experienced management is to prove the western extension of the district and restore the Tonopah Silver District to a significant producing area. The drilling program, which has been underway for a year, totals 70,000 meters, of which more than 53,000 meters have been completed.
Accompanying Blackrock Silver on its journey towards the maiden resource estimate will be a new strategic investor who has raised CAD 1.25 million in a total 2 million private placement. It is none other than First Majestic Silver. To further accelerate exploration in the Company's gold and silver projects, the completion of a further capital increase totaling CAD 10 million was announced in mid-June. Shares were placed at CAD 0.75. Thus, Blackrock Silver is optimally financed to take the next steps concerning the resource estimate, which is expected at the end of the year. Currently, the share price is at CAD 1.02 due to the positive news of the past weeks. In the long term, the stock is a good choice to participate in the rising silver market. Due to the current weak silver market, you should set limits staggered downwards for entry.
Palantir Technologies - Strong against the overall market
The data analysis specialist Palantir Technologies presents itself strongly against the overall market and is currently close to generating a buy signal. With the sustainable overcoming of the zone at USD 25.40, the next target would be the resistance at USD 27.44. After that, one of the favorites of all WallStreetBets friends would be chart technically free for the run to a new all-time high, located at USD 45.
On the news side, the Americans could again shine with an order from the public sector. Last week, the Company announced an order from the US Federal Aviation Administration to provide a data analysis tool. As such, the software will assist Foundry with aircraft certification and ongoing operational safety activities, including continuous monitoring of the 737 MAX fleet's return to service. With two additional option years, the one-year contract is valued at a maximum of USD 18.4 million.
Freenet AG - Shareholders protest
The remuneration system presented for the Board of Management was too much for the shareholders of Freenet AG. Thus, at the Annual General Meeting, 65.58% of the capital represented voted against the draft approved by the Supervisory Board. In addition to a fixed salary, the new draft provided for two variable share-based payments. The latter two bonuses are calculated either based on the development of the respective financial year or based on the long-term growth of the Freenet share and EBT. Supervisory Board Chairman Prof. Dr. Helmut Thoma, following the resolution's failure, announced an adjusted proposal for the next Annual General Meeting in 2022.
In contrast, the shareholders approved the resolution to pay a dividend of EUR 1.50 for the 2020 financial year and a special dividend of EUR 0.15 per dividend-bearing share. A large majority also approved the actions of the Management Board and Supervisory Board. As a result of the disagreements, the stock lost up to 2.4% in trading on Friday.
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