We’re in a bullish mode, so I will recommend buying a call option on MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI).
Instead of looking at those companies that are reopening, we’re looking at a company that has remained open throughout the pandemic as an essential business: Target (NYSE:TGT).
One company we still like, even after yesterday’s selling, is Home Depot (NYSE:HD), and now is an excellent time to sell a put write against it.
As long as Twitter doesn’t lose as many advertisers as Facebook, it is the perfect target for a bullish put write.
Nike (NASDAQ:NKE) saw some bullish buying, and if you, like us, have been holding shares, its push higher makes this a perfect time to sell covered calls.
Traders have a great opportunity to generate some additional income by selling a covered call against Cisco Systems (NASDAQ:CSCO).
ESG is an acronym that stands for Environmental, Social & Governance.
Facebook (NASDAQ:FB) and Twitter, Inc. (NYSE:TWTR) are both struggling as brands pull their advertising from these platforms over policies regarding political speech.
I’m recommending a bullish position on Ally Financial Inc. (NYSE:ALLY) this morning.
This morning I’m looking at Oracle Corporation (NYSE:ORCL) as the target of a new bullish put write.
Demand for gaming across all devices was up 19% in its universe of surveyed households through April.
Even as the rest of the market pushed higher yesterday, consumer staples stocks like The Kraft Heinz Company (NYSE:KHC) pulled back slightly.
To avoid going against the action in the market, I’m recommending a bullish call option on Slack Technologies, Inc. (NYSE:WORK).
This morning, futures are pointing higher, and since I’m not going to go against the tape, I’m recommending a bullish trade on Citigroup, Inc. (NYSE:C).
Today I’m looking at the other side of medical-adjacent stocks to recommend a bearish position on Varex Imaging Corporation (NASDAQ:VREX).
This morning, I’m looking at Lakeland Industries, Inc. (NASDAQ:LAKE), the personal protective equipment (PPE) manufacturer.
Luckin Coffee (LK) has been burdened with scandals since April, and that has hindered its recovery even as the rest of China tries to move on after COVID-19.
While I think we may be approaching overbought territory, the best recommendation I can give now is a bullish trade on Kohl’s Corporation (NYSE:KSS).
Now I’m recommending a position on the iShares Russell 2000 ETF (NYSEARCA:IWM) where you can get paid to add protection.
I am recommending a bullish position on a stock that recently formed some support: Raytheon Technologies Corporation (NYSE:RTX), the aerospace company.