Exploration and Mining Stocks

And, recent IPO stocks lose momentum.

Today is Monday, September 25, 2023.

The Early Bird Index today is 53.12.

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Exploration and Mining Stocks

It’s a good time to look at stocks in exploration and mining, says Alaska Energy Metals Corporation (CVE: AEMC) CEO Greg Beischer in a new episode of the Early Bird podcast.

Background: While Beischer said that the industry is doing well and most stocks are up in the space, there isn’t much investor interest right now.

Beneath the Surface: Beischer said that young investors are focused more on speculative opportunities in technology and biopharma, but that could change soon.

Powering the Story: The exploration and mining industry is entering what Beischer called a “supercycle,” due to the need for metals for electric vehicles.

Golden: Despite gold prices surging, gold mining stocks are struggling in 2023. Beischer said that this eventually has to change due to strong demand for metals.

Final Thoughts: What advice does Beischer have for new investors who want to get involved with exploration and mining stocks? Find out by listening to the new episode of the Early Bird podcast.

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Notable Earnings Today: Thor Industries (NYSE: THO).

Notable IPOs Today: AngloGold Ashanti plc (NYSE: AU).

Notable Equity Crowdfunding Campaigns Ending Today: Voila Afrique (Honeycomb), Dinobi Detergent (Honeycomb), Pure Green Franchise (Republic), Plenty Goods Cafe (Honeycomb).

Notable Economic Events Today: N/A.

Recent IPO Stocks Lose Momentum

Several high-profile stocks that went public in the past weeks have seen their stock prices fall below their IPO (initial public offering) price.

Stock Prices: Arm Holdings (Nasdaq: ARM) is down 15% since its IPO. Instacart (Nasdaq: CART) is down 23% and Klaviyo is down nearly 6%.

Details: The sudden decline of all three IPO stocks shows that investors are concerned about the technology sector and high valuation plays, according to CNBC.

Background: The past 18 months have been slow for tech IPOs, so these three stocks brought renewed hope to investors who were hungry for new tech stocks.

Yes, But: With new IPOs losing steam, there is concern that high interest rates are weighing down the tech sector.

Final Thoughts: Despite the slowdown, there are still other future IPOs on the horizon in the next few weeks and months. The list includes Birkenstock, Intercom, and Reddit.

Toncoin’s September Surge, Explained

Toncoin, the native cryptocurrency of The Open Network, is up over 50% in September.

Powering The Story: A big reason behind Toncoin’s recent surge is its partnership with the messaging app Telegram. It also has other recent partnerships with other tech providers.

Also: The surge is remarkable, given that the broader crypto market has been sluggish lately.

Final Thoughts: Despite the September surge, there are still concerns about Toncoin’s volatility for the rest of 2023.

Trends to Watch

So Many Issues: U.S. Economy Could Withstand One Shock, but Four at Once? (The Wall Street Journal)

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