Let’s start by taking a win off the table. The other day, we issued a recommendation to buy the CELG stock ($128.55 entry) and the CELG October 2017 130 calls ($4.20 entry). The stock is now up to $135.25 in pre-market, which is good for a gain of 5%. Let’s hold the stock for a…
DetailsThe Gulf Coast can’t catch a break. After dumping trillions of gallons of water on Texas, the downgraded system is now making second landfall in Louisiana. In all, the storm could cost well up to $160 billion, or the combined costs of Hurricanes Katrina and Sandy. It’s so bad it could shave up to 8/10th…
DetailsAs predicted by UBS analysts, there were no fireworks at Jackson Hole, and there was nothing to “skip lunch over”. Instead, Fed President Janet Yellen offered comments that the U.S. has made significant progress toward price stability and maximum employment, conditions that would precede an interest rate hike, she once noted. However, as noted by…
DetailsMarkets are likely to get bumpy today, as North Korea fires a missile over Japan, as the Hurricane dumps trillions of gallons of water on Texas, and as fear returns to the market. Such volatility should be no surprise these days, though. One day we’re soaring. The next day we’re diving. And repeat. Perhaps…
DetailsIt’s safe to say people have lost their minds. Whether it’s at a political rally, staring at the eclipse, the latest headlines that people applied sunscreen to their eyes to watch the eclipse (which just can’t be true), geopolitical tensions, or people leaving their pets tied to trees during a Category 4 hurricane, rational thought…
DetailsAs investors turn their attention to this weekend’s gathering of central bankers from around the world, history shows there are profits to be made. In 1978, the Federal Reserve Bank of Kansas City held the first Economic Policy Symposium. It was designed as a “meeting of the minds,” for central bankers, policy experts and academics…
DetailsJust the other day, we noted that Nike (NKE) could be a near-term buy. But we had to wait for confirmation. The worst thing you can ever do is buy a falling knife set up. Do so, and you wind up screwing up your account while you hope for the best That’s not a good…
DetailsDuring Barack Obama’s 2008 presidential campaign, he declared one of his energy goals was to “bankrupt” the coal industry, and he waged quite a war. In 2014, The Obama administration took aim at the coal industry by mandating a 30 percent cut in carbon emissions at fossil fuel-burning power plants by 2030 — despite claims…
DetailsWe’d love to hear what you think of this new and free Traders Daily program to date. We’re still trying to add more of your suggestions, too. In fact, if there’s something else you’d like to see us add, or if you have a question, or comment, respond to this e-=mail and we’ll get back…
DetailsTo say the market is nuts is the understatement of the year. After testing a high of 22,179, the Dow Jones slipped, and is now testing its 50-day moving average at 21,674. The hope is that this will hold. If not, the stock could test 21,250. To be honest, I’d rather stare directly at the…
DetailsSometimes, the smallest stocks hold the biggest opportunities. VOXX International (VOXX) is the perfect example. After falling from a high of $17.13 a share in January 2014 to a low of $4.25, many investors chose to ignore the stock. But at such a low price, we found value. For one, the stock had $6 million…
DetailsAt the moment, futures are down on the Federal Reserve’s lower inflation outlook. While we wait for this “fun” to be priced in, I wanted to answer two questions received just yesterday. One was, “Aren’t options more risky to trade?” The other was, “’I’m relatively new to options trading and see that currently TRUE is…
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