The holidays are almost here, but not all retail stocks are booming. My Power Options system identifies the best candidates for option trading or short-term stock trading, and this week it’s showing a mixed bag in the leisure and retail area. These names are both volatile and liquid, two important characteristics of profitable options trading.
I’ve listed them out for you from bullish to bearish. Use the following information to help you with your own options or short-term stock trading program.
Stocks to Buy
These stocks are in strong upward trends, with excellent upside potential. Buy on any further strength.
- Mattel (NASDAQ:MAT)
- Brunswick Corporation (NYSE:BC)
- Amazon (NASDAQ:AMZN)
- Home Depot (NYSE:HD)
- Nike (NYSE:NKE)
These stocks are in upward trends, but are temporarily leveling or pulling back.
Though these stocks are trending up after a downtrend, they may be limited by resistance.
This stock is in a downward trend that is beginning to show signs of weakening, though it has not yet accelerated its downward descent.
- Nordstrom (NYSE:JWN)
Weak But Leveling
These stocks are in downward trends that are temporarily improved—that is, they’ve stopped falling for the time being.
Not surprisingly, as taking pictures on actual film—and on a camera rather than a camera phone—becomes less common, Kodak is not doing so hot. The stock trades on the Pinks and is severely broken down.
- Eastman Kodak Company (PINK:EKDKQ
Ken Trester is editor of the popular Maximum Options program. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990.