Luke Lango Issues Dire Warning

A $15.7 trillion tech melt could be triggered as soon as June 14th… Now is the time to prepare.

Tue, June 6 at 7:00PM ET

Trade of the Day: International Paper Co (IP)

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 As the market rallies, bonds have actually been relatively defensive. While traders need to be careful about bullish positions, yields are not putting as much negative pressure on dividends. We think this is a very good environment for IP to continue its bounce off support.

The stock got an upgrade as paperboard prices are rising with increased consumer demand. Strong shippers and online sales should continue to support the stock while the dividend makes it more attractive for value investors. In the short-term, we expect IP to re-approach its prior highs near $58 per share as investors accumulate “defensive stocks.”

‘Buy to open’ the IP September 55 Calls (IP170915C00055000) for a maximum price of $0.72.

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