First, let’s exit the Disney (DIS) stock this morning. On Friday, it ran to $104.78 and now looks a bit toppy. Sell the stock for a small gain. Let’s also sell to close the DIS December 15, 2017 100 calls, which traded at $5.64 on Friday. From an entry price of $2.85, that’s nearly a…
DetailsThere’s still a good amount of debate over potential tax reform. The House wants to reduce income tax brackets from seven to just four. According to CNN Money, the current proposal is: 12% (on the first $45,000 of taxable income for individuals; $90,000 for married couples) 25% (starts at $45,000 for individuals; $90,000 for married couples)…
DetailsSometimes, it’s best to just stay in bed and forget the market even exists. Perhaps I should have done that today, as the market plunged more than 150 points, as overbought tech stocks fall. However, according to analysts, “We expect short-term momentum to deteriorate temporarily, triggered by technology stocks as they (finally) react to overbought…
DetailsAt market open, sell to close half of the DIS December 15, 2017 100 calls for a win, as the stock continues to move aggressively higher. Hold the second half. We want to secure partial wins ahead of the company’s earnings report tomorrow night. Also, over the last few days, we’ve shared some special reports…
DetailsThe U.S. economy is still chugging along. After a monthly decline of 33,000 jobs in September, the U.S. added 261,000 jobs in October, sending the unemployment rate down to 4.1%. That’s the lowest rate since December 2000. Granted the 261,000 figure was well below projections for 310,000 jobs. However, “today’s report, albeit a little bit…
DetailsAfter a steady stream of winners, we’ve run into some resistance. Shares of TRUE for example are down more than $5 this morning, forcing us to close out our TRUE stock and TRUE January 16 calls. Apparently, the company is plunging after revenues and guidance disappointed. As for newer opportunities, take a look at ALRM…
DetailsIt’d be nice if we could have one day where we don’t have to hear about another senseless crisis, as many fell victim to in Texas yesterday. It’s senseless and disgusting. From here, we can only wish the families of the victims all the very best. Interesting to note, this event was again politicized because…
DetailsSometimes, the most boring opportunities can be the most rewarding. Look at EnviroStar (EVI) for example. All it does is distribute commercial, industrial and vended laundry and dry cleaning equipment and steam and hot water boilers throughout the United States. Its business is boring, but we found its fundamentals pretty exciting. This small, company reported…
DetailsThe Internet of Things (IoT) has been one of the hottest buzzwords for years. And it’s quickly changing the way we live, work, and play. The IoT, or the connection of formerly unconnected things to the Internet is changing the way we do just about everything. If you’ve ever heard of the Apple Watch or…
DetailsThe U.S. GDP just hit 3%. After surging from a first quarter low of 1.2% to a revised 3.1% in the second quarter, third quarter GDP was at a 3% annualized rate. That’s especially impressive considering the drag from disruptors, such as Hurricanes Harvey, Irma and Maria throughout that period. This is the first time…
DetailsOne of the other questions I’ve been receiving a lot of lately is which stocks should be bought for the New Year. I have four I like a lot so I put together this quick report. AeroVironment (AVAV) Tronox Ltd (TROX) When most traders hear AVAV, they immediately think drones – another red-hot sector that’s…
DetailsSeveral weeks ago, we recommended buying the SHOP stock at $96.90, as well as the SHOP November 17, 2017 105 call at $4.20. Shortly after, we would exit half of each to secure a respectable win. Today, as the underlying stock trades at $107, we’re recommending that you exit the second half of each to…
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