Joel Elconin – Sell Your Peanuts When The Circus Is In Town

Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of The PreMarket Prep website, joins us to focus on the market moves in the energy sector and tech stocks. We start by reviewing some of the news from the Cop26 Energy Summit and how this may impact oil, natural gas, renewable energy, nuclear, and the investment themes around the energy sector.


We then discuss the recent trading in both Tesla (TSLA) and Peloton Interactive (PTON), and Joel reminds traders to remember to pull profits on high flyers when they have outsized gains, and to “sell your peanuts when the circus is in town.”

Click here to visit Joel’s site to keep up to date on all key market moves – PreMarket Prep. 

    Nov 09, 2021 09:25 PM

    Democrats Call On Biden To Ban Oil Exports

    By Irina Slav – Nov 09, 2021

    A group of Democratic Senators has called on President Joe Biden to reimpose a ban on crude oil exports

    The same group blamed higher gasoline prices on OPEC

    Democratic Senators: high gasoline prices have placed an undue burden on families and small businesses

    Nov 09, 2021 09:30 PM

    ‘The Big Short’ Investor Michael Burry Says Elon Musk May Want To Sell Tesla Stock To Cover His Personal Debts – And Compares The Current Market To The Dutch Tulip Bubble
    Business Insider – Theron Mohamed (11/09/2021)

    “Michael Burry suggested Elon Musk might want to sell some Tesla stock to cover his personal debts.
    “The Big Short” investor noted the Tesla CEO had 88 million shares pledged as loan collateral.
    Burry also made a subtle comparison between today’s market and the Dutch tulip bubble.”

    “Michael Burry rejoined Twitter this week to suggest why Elon Musk is suddenly interested in selling Tesla stock, and to sound the alarm on dangerous speculation in financial markets.”

    “Musk recently offered to sell $6 billion worth of Tesla stock if UN bosses could explain to him how the sum would solve world hunger. The Tesla CEO also launched a Twitter poll asking whether he should sell 10% of his holdings, citing pressure from US lawmakers who are pushing for a “billionaire tax” that would target the ultra-wealthy’s unrealized stock gains.”

    “Burry’s tweet implies those might just be excuses. The investor of “The Big Short” fame and head of Scion Asset Management posted a link to a SEC filing in August, which noted that Musk has pledged about 88 million shares, or 36% of his total stake, as collateral for personal loans as of June 30.”

    Nov 09, 2021 09:52 PM

    Interesting stock write up by Bob Moriarty 321 gold..Nov1.. STS-V. Graphite in Brazil.IWasnt aware graphite was such a critical element.

      Nov 09, 2021 09:34 PM

      Yeah, Graphite is key for many batteries, and is an often overlooked component mineral crucial to energy storage. It’s a bit trickier to invest in for mining companies as there are differences in the “flake” size and purities able to be produced, but there are still about 30 companies with Graphite exposure.

    Nov 09, 2021 09:45 PM

    Regarding Nuclear Energy, it isn’t a matter of “Flicking the switch” as Joel mentioned in this editorial, but more a matter of increased demand from the existing fleet of nuclear reactors; not just in the US being the largest consumer of nuclear energy of any nation, but also globally.

    All one needs to do is look at the massive rise in Uranium stocks the last 2 years in anticipation of the inevitable environment where utility and power companies will be coming back to the table to negotiate longer term off-take agreements with uranium producers and developers to get the picture.
    Also as for the few plants that have closed (and there have only been a few), there are plenty being built (and much larger ones being built) to pick up any slack from those that have closed. Any sane energy discussion should include Nuclear Energy as part of the solution, and this will become more and more clear to those that have doubted or bashed the sector (mostly from disinformation or emotional narratives that are devoid of the real situation).

      Nov 09, 2021 09:47 PM

      China Is Planning at Least 150 New Nuclear Reactors

      Bloomberg – Daybreak Asia – November 2nd, 2021

        Nov 09, 2021 09:51 PM

        Japan Aims For Increased Renewables And More Nuclear Restarts

        – 27 October 2021

        “Japan has adopted a new energy policy promoting nuclear and renewables as sources of clean energy to achieve carbon neutrality targets for 2050.”

        “The plan, adopted in July received government approval on 22 October. The 128-page plan, compiled by the Ministry of Economy, Trade and Industry (METI), calls for drastically increasing use of renewable energy to cut fossil fuel consumption over the next decade. It also says reactor restarts are key to meeting emissions targets.”

          Nov 09, 2021 09:07 PM

          As for the “risky” or “unsafe” claims about Nuclear Energy, most people are simply ill-informed or have been deliberately misinformed by radical opposition groups, and this is the perception problem Nuclear has, but it is not founded on reality. Nuclear energy has way less associated deaths that Biomass, Coal, Oil, or Nat Gas by a landslide, and yet in people’s minds it is “riskier” or “deadlier”… but only in their minds, not in the data or reality.
          Nuclear Energy And Renewables Are Far, Far Safer Than Fossil Fuels
          “Today the global energy system is still dominated by fossil fuels, traditional biomass, hydropower and nuclear energy.4 However, modern renewables, such as solar and wind, are growing and we expect them to play an increasing role in our energy systems in the coming decades. As our energy systems transition we have decisions to make about what sources to choose. Safety concerns should be a key factor we consider.”

          “How do fossil fuels, nuclear energy and renewables stack up in terms of safety?”

          “In the chart we see the death rates of each – given as the number of deaths per terawatt-hour of energy. We see massive differences in the death rates of nuclear and modern renewables compared to fossil fuels.”

          Nov 09, 2021 09:10 PM

          The Safest Source of Energy Will Surprise You (Hint: It’s Nuclear Energy)

          By Jeff Desjardins – The Visual Capitalist – May 10, 2018

            Nov 09, 2021 09:13 PM

            Safety: The Nuclear Energy Industry’s Highest Priority

            – June 2015

            “America’s 96 nuclear energy plants are among the safest and most secure industrial facilities. Multiple automatic safety systems, the industry’s commitment to comprehensive safety procedures and stringent federal regulation keep nuclear plants and neighboring communities safe.”

            “The U.S. Nuclear Regulatory Commission, an independent federal agency, strictly regulates commercial nuclear energy plants. The agency evaluates performance in three strategic areas: reactor safety, radiation safety and security. NRC inspectors stationed at each plant provide oversight of operation, maintenance, equipment replacement and training. If the NRC believes a plant is unsafe, it will order it shut down.”


    Nov 09, 2021 09:59 PM

    Wow ,96 nuclear power plants!! My husband guessed around 50. Passing on”nice research “ to you!!