Since the passage of massive tax cuts just before the end of 2017, companies in the U.S. have announced $171 billion worth of stock buybacks in the first couple of months of this year. That’s a record high and more than double the $76 billion that corporate America saw for most of 2017, according to…
DetailsNot too long ago, we recommended buying the IRBT stock (at $63.80) and the IRBT March 16, 2018 65 call options (at $3.05). At the moment, the stock is up to $67.15. That gives us a win of 5%. Let’s continue holding the stock. The calls are now up to $4 for a win of…
DetailsApparently, Donald Trump has the Midas touch when it comes to the stock market. Infrastructure, cyber security and even defense stocks have benefitted from bills he has signed, or even potential bills he is promoting. For example, in mid-2017, nearly all defense stocks rallied after the President inked a weapons deal with the Saudis worth…
DetailsU.S. Steel (X) is looking a bit toppy after a considerable run higher. After exiting half of the stock and the X March 2018 40 calls yesterday, let’s take the rest of the win off the table now. With an entry price of $37.75 on the X stock, we’re looking at a win of 21%. …
DetailsWe’d love to hear how you’re doing and what you think of Traders Daily so far. We’re always open for new suggestions if you have any for improvement. As for today, we have another winner to take off the table. Not long ago, we recommended buying the IRBT stock and the IRBT March 16, 2018…
DetailsFor quite some time, Bitcoin was the hottest trade of the decade. At nearly $20,000 at one point, it outperformed stocks, bonds, gold and real estate. And for many investors, it became the “can’t lose” trade of the decade. Three weeks after hitting $4,000, Bitcoin ran to $5,000. A month after that, it hit $6,000.…
DetailsNot too long ago, we recommended taking positions in U.S. Steel (X) stock, which traded at $37.75, as well as in the X March 16, 2018 40 calls, which traded at $1.80. Unbelievably, it’s already time to take some wins. On Friday, the stock raced higher by $5.76 to $44.75 after the U.S. Commerce Department…
DetailsNot too long ago, we recommended buying shares of SEDG as it traded at just $35.50. Today, we’re recommending that you take your wins and move on. We can always look to buy back in on the next pullback. But right now, it’s overbought at $43.70. That’s a solid win after the company posted revenue…
DetailsNo one should be surprised to learn that America’s infrastructure has been failing for quite some time. One look at the countless potholes, congested roads, derailed trains, collapsed bridges and dams is proof enough. Just to fix it all could cost as much as $3.6 trillion by 2020, says the American Society of Civil Engineers…
DetailsWe have an eye on Jacobs Engineering (JEC). One of the key reasons we like JEC is because of its exposure to infrastructure and the fact that the stock is considerably oversold at support. American’s infrastructure has been failing for quite some time. One look at the countless potholes, congested roads, derailed trains, collapsed bridges…
DetailsIRBT has become exceptionally oversold. When IRBT announced Q4 results the other day, it sent the stock down nearly 30%, despite strong quarterly growth and profits. Sales in the Christmas season were up 54% to $327 million, beating expectations. While its GAAP profits of 16 cents a share were down 67% year over year, it’s…
DetailsOver the last week, the DOW swung thousands of points. The DOW was down 5.2% for the week. However, now the market is showing clear signs of recovery. Matt Maley, equity strategist at Miller Tabak noted that the Russell 2000 small cap index could be well-positioned going forward, as it appears to be holding up…
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