Undercovered Stocks: MSTY, Devon Energy, D-Wave Quantum, OMAH, and More

The Undercovered Dozen series highlights lesser-covered stocks from the previous seven days. The article showcases 12 stocks, including MSTY, Devon Energy, D-Wave Quantum, and OMAH. The series aims to provide ideas and inspire discussion among the community.

The Undercovered Dozen series, a weekly feature on Seeking Alpha, highlights lesser-covered stocks from the previous seven days. This article aims to provide insights into 12 stocks, including MSTY, Devon Energy, D-Wave Quantum, and OMAH, to inspire discussion and inform investment decisions.

MSTY: High-Yield Option Income Strategy ETF
MSTY, the YieldMax MSTR Option Income Strategy ETF, offers monthly income to shareholders through synthetic long exposure to Strategy Inc. (MSTR) stock, covered calls, and credit spreads. Launched in February 2024, MSTY has a yield of around 150% as of the end of September. However, the ETF is not designed for a Bitcoin (BTC) bear market, making it crucial to track BTC movements and interpret whether a bull run has ended [NUMBER: 5].

Devon Energy: Strong Buy Opportunity
Devon Energy Corporation (DVN) is a rapidly growing US oil and gas company focusing on onshore operations in the Delaware Basin, Williston, and Eagle Ford. After several acquisitions and a merger with WPX Energy in 2021, Devon Energy delivered a record volume last year. The company's significant investment cycle and potential acquisition target status make it an attractive opportunity [NUMBER: 6].

D-Wave Quantum: Hold Rating
D-Wave Quantum Inc. (QBTS) is one of the four biggest quantum computing stocks, which typically get attached to the broader trade of emerging technologies like AI. Despite concerns about the AI bubble, D-Wave's stock has outperformed others, with a YTD gain of 79%. However, the stock's high valuation and the risks associated with the AI bubble lead to a Hold rating [NUMBER: 7].

OMAH: Berkshire Hathaway Copycat with 15% Distribution Yield
The VistaShares Target 15 Berkshire Select Income ETF (NYSEARCA:OMAH) aims to generate a 15% yearly distribution through a covered call option strategy on Berkshire Hathaway's top holdings. Despite the high yield, the fund's covered call option strategy limits capital appreciation, and the expense ratio erodes 0.95% of investor assets per year. The lack of available data and short track record make the investment appear speculative [NUMBER: 1].

Conclusion
The Undercovered Dozen series offers a diverse range of stocks, each with its unique features and potential. Investors should carefully evaluate these opportunities, considering their individual risk tolerance and investment goals. The series aims to spark discussion and provide ideas for further research.

References
[1] https://seekingalpha.com/article/4818425-undercovered-stocks-msty-devon-energy-d-wave-quantum-omah-and-more
[2] https://seekingalpha.com/article/4818425-undercovered-stocks-msty-devon-energy-d-wave-quantum-omah-and-more