Not 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…
DetailsI’m sure you’ve seen the news that Amazon wants to jump into the transport business that FedEx and UPS are already in. However, “The complex global delivery networks of FedEx (and UPS) are highly difficult to replicate,” Cowen analysts noted last week, which means the sell off in UPS and FDX may have been nothing…
DetailsAfter closing a significant amount of winners, we have run into some losses. But that’ll happen when the market swings thousands of points in both directions for a week. We still expect for all of our positions to work out, as first hoped. Today, as we wait to see what happens next in the market,…
DetailsWe have been long overdue for a correction. After a 10,735-point run on the Dow Jones Industrials in just over a year, the index plunged more than 1,500 points in two days, wiping out $1 trillion of value. Why did the market fall so fast – 800 points in 10 minutes? The culprit is computerized…
DetailsThis is the most bizarre market I’ve ever seen in 20 years. We just lost 2,000 points in days. Then, we turned around and gained 800 of it back. That’s incredible market resiliency. As stocks just begin to recover, there’s one oversold stock I like a great deal. Right now, U.S. oil production is explosive.…
DetailsThe U.S. economy is growing at a healthy clip. In January 2018, employers added 200,000 jobs, as compared to analysts’ projections for 180,000. This now marks the 88th straight month of jobs gains, and leaves the unemployment rate unchanged at 4.1% — a 17-year low. Employers added 36,000 construction jobs. Bars and restaurants added 31,000. …
DetailsNot long ago, we recommended buying to open the AT&T February 2018 38 put (at $1.35), and the March 2018 38 put at $1.60. At the moment, they trade at $1.90 and $2.20, respectively. Let’s take the win here. As for new opportunities, let’s wait for confirmation of potential trend change from the market before…
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