Potash, Portillo's, Passive Income and the Yield Curve
Nov 9, 2023
A "fourth wave" for potash could take prices much higher for the key fertilizer ingredient. Supply dropped, and so did demand in the second half of 2022, helping to drive the significant selloff. However, fundamentals suggest a more balanced global potash market in the years ahead. Increasing demand could improve mine utilization at higher levels. Recovering demand, mixed with higher mine utilization, may stabilize prices, which can lift spot prices higher. Several potash producers could benefit from a price rebound and stabilization in the sector. They include suppliers CF Industries (CF). Intrepid Potash (IPI), Mosaic (MOS) and Nutrien (NTR). Read the whole story.
Americans love hot dogs and Portillo’s (PTLO), the nation’s third-largest chain of frankfurter restaurants, is rapidly expanding. The company plans to increase its number of locations by 10% each year, Down the road, the chain seems to be on track to go national. Portillo’s locations average 7,800 square feet to 8,000 square feet and have an average unit volume of $8 million, Read the whole story.
For the first time in years, 10-year Treasury bond yields are hovering near 5%. That’s a safe, easy and passive option for your money. The same could be said for bank CDs, which offer respectable rates for savers. But, if you’re willing to accept some risk, dividend stocks, real estate or lifestyle businesses could make it possible to earn an even higher income without lifting a finger, says Tom Preston, cief market strategist at tastylive and a Luckbox contributor. Watch the video below.
A recent yield curve shift could explain why the S&P 500 rebounded recently. Such changes are often used like tea leaves to project potential implications for the underlying economy. And as many investors and traders are probably aware, inversions in the yield curve—when long-term interest rates slump below short-term interest rates—have traditionally preceded recessions/depressions. It’s possible investors and traders have read the tea leaves and are hoping a potential 2024 recession—if one does materialize—will be garden-variety in nature. Read the whole story.
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James Melton is managing editor of Luckbox magazine.
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