When you pull a rubber band too far, what happens? Eventually, it snaps back. Stocks do the same. At times, extreme bouts of fear can send a stock tumbling to excessive unsustainable lows. Other times, extreme bouts of greed can send a stock up too much, too soon. And if we can spot those very…
DetailsIt would appear Foot Locker (FL) has bottomed out. It’s now technically oversold after falling on weaker than expected earnings. However, according to analysts at Susquehanna Financial Group, “Based on our checks and commentary by Foot Locker management in today’s press release, we believe the quality of product on the horizon and the flow of…
DetailsIn late February 2018, we noted: The Trump Administration recommended steep tariffs on foreign steel and aluminum. In fact, Commerce Secretary, Wilbur Ross, is recommending three options to the President, including imposing across-the-board tariffs on steel and aluminum, targeting select countries with even higher tariffs, and/or limiting the total amounts of steel and aluminum currently…
DetailsAfter taking a considerable amount of winners off the table, we wanted to take a breather today and see how you are? What do you think of the trades? How have you done with winners? If you have any suggestions on what you’d like to see featured, let us know. We’re happy to oblige. This…
DetailsNow that the reins of the Federal Reserve (Fed) have been handed to Jerome Powell, there are concerns the bankers will aggressively hike interest rates. And it has many on Wall Street terrified of a potential market downturn. That’s because higher interest rates could pull cash out of the stock market into bonds. It also…
DetailsFutures are showing signs of a big decline this morning on news that Wall Street-friendly Gary Cohn just resigned as the White House economic advisor. Unfortunately, it appears that a clash over the steel and aluminum tariffs may have played a role here. Should the market begin to push lower, one of the safest assets…
DetailsThe opioid crisis is one of the worst epidemics to hit the United States. At any given time, it’s been reported that more than 2.4 million Americans abuse opioids. A December 21, 2017 AP article noted that deaths from drug overdoses skyrocketed 21% in 2016. Two-thirds of those drug deaths – about 42,000 – involved…
DetailsLive Nation Entertainment (NYSE:LYV) is a global entertainment company formed after a merger between Live Nation and Ticketmaster. It owns, leases, operates and has booking rights and, or interests in a large number of U.S. venues. We had a position at $27.80 and were just stopped out at $44. However, it recently pulled back to…
DetailsThe other day, we made note of two marijuana related trades we believe could push higher, including ETFMG Alternative Harvest ETF (MJ) and Cronos Group (CRON). Analysts now believe Canada could have nearly four million recreational marijuana users, creating a monstrous $4.5 billion industry. Granted, the country did delay approval of marijuana from July 2018…
DetailsWith markets going a bit haywire, we still have wins to take off the table. A while ago, we recommended buying the CCL April 20, 2018 67.50 put, which traded at $2.20 at the time. With a pullback, the put is now at $3.15. Take the win. Let’s also sell the IRBT stock here for…
DetailsMargin trading always carries risk. Buying on margin, means you’re borrowing money from your broker to allow you to purchase more stock than you normally could. In short, it provides the average investor with sizable leverage to buy on someone else’s money. Unfortunately, it comes with sizable risk. One of the biggest problems with trading…
DetailsSometimes, the greatest opportunities are hiding in plain sight. Yet, they’re ignored out of fear that a sector may be too speculative. Biotech and pharmaceutical stocks are the perfect examples of a sector that many are afraid is too speculative, but savvy investors recognize the rewards this sector has produced — and will produce. Our…
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