Trade of the Day

Wondering what our top minds are trading today? InvestorPlace’s “Trade of the Day” provides high-quality analysis in a fast-moving market, covering earnings uptrends and big market-moving swings for high-octane trades. Our financial analysts closely monitor rotations in and out of sectors to deliver prescient financial advice you can trade on.

The Prognosis for CVS is Strong

Healthcare stocks like, CVS Health Corporation (NYSE:CVS) are going get a lot of attention during this presidential election.

Profit From This Software Company’s Lower Guidance

My indicators are giving bullish readings this week, but because of something I noticed on the CBOE S&P 500 Volatility Index (VIX), I am recommending a bearish put on Tufin Software Technologies Ltd. (NYSE:TUFN) as protection against a pullback.

Post-Earnings Income on Bank of America

Earnings season has begun, and the big banks are hitting us with their numbers. After what we’ve seen, we want to recommend a bullish put write on Bank of America Corporation (NYSE:BAC).

Trade of the Day: Fading the Rally in JPM Stock

JPM stock in recent months rallied to the very upper end of its longer-term trend. After an initially bullish reaction to earnings this week, JPM stock has reversed lower and now sets up for a quick short-side trading opportunity.

Trade of the Day: More Bullish Behavior in Canopy Growth Stock

Marijuana stocks had an outstanding couple of trading days recently. The technically sound pattern developing on Canopy Growth is notable.

Extending Our Run with Nike

With S&P 500 continuing to cruise higher, traders have the perfect opportunity to generate some additional income in their portfolios with a put write on Nike (NASDAQ:NKE).

Collect a Profit if e.l.f. Beauty Retests Support at $14.50

I can’t think of a better way to take advantage of the bullishness than by opening a call option on Merck & Co., Inc. (NYSE:MRK), the healthcare and pharmaceutical company.

New FDA Approval Could Send Merck Higher

I can’t think of a better way to take advantage of the bullishness than by opening a call option on Merck & Co., Inc. (NYSE:MRK), the healthcare and pharmaceutical company.

Quick Income on Discount Retailers Like Target

Recommending a bullish put write on Target (NYSE: TGT) right now might seem strange.

Trade of the Day: TSLA Stock Reaches Historic Overbought Readings

While I personally like what Tesla is doing as a company, TSLA stock in the near term is likely getting very overbought. Less risk averse active traders and investors could look at it from the short side for a trade.

Trade of the Day: Big Lots Stock Has a Big Rally Ahead

BIG stock began to rally in a meaningful way last month (December 2019). Now, after a multi-week pause the stock looks poised to continue this rally.

This Semiconductor Stock Got a Big Boost from Analysts

We started watching Applied Materials (NASDAQ:AMAT) in mid-December, when optimism around the trade situation was pushing the market higher every time there was an update.

When Investors Calm Down, Gold Will Fall

Today, I'm recommending a bearish naked call write on SPDR Gold Shares (NYSEARCA:GLD).

It’s Time to Add Some Portfolio Insurance

One stock that is a good candidate for a short-term bearish position is Kura Oncology, Inc. (KURA).

Trade of the Day: AAPL Stock a Big Risk to the Entire Stock Market

Through the lens of just about any metric I can come up with AAPL stock is now historically overbought and a risky bet for investors or traders looking to buy it.

How to Profit if There’s a Pullback in the S&P 500

Because there is a chance the S&P 500 could make another move to the downside, I’m recommending a downside insurance trade on the SPDR S&P 500 ETF (NYSEARCA:SPY).

Taking Advantage of the Post-Holiday Bounce with Nike

The post-Christmas bounce on Wall Street got off to a great start last week, and it is a great time to take advantage with a bullish put write on Nike, Inc. (NASDAQ:NKE).

Small-Caps in for More Bullishness in Early 2020

As we get closer to the beginning of 2020, I’ve been eyeing another bullish position on the iShares Russell 2000 ETF (NYSEARCA:IWM).

This Lithium Producer Increased Sales Despite Low Demand

I’d like to celebrate the S&P 500 latest high with a bullish put write on Albemarle Corporation (NYSE:ALB), the specialty chemical manufacturer.

Trade of the Day: Gold Miner ETF GDX Scores a Breakout

In the two otherwise quiet trading sessions ahead of Christmas gold mining stocks had a classic chart breakout. In my eye this is a sign of things to come, i.e. higher prices for the GDX etf in coming weeks/months.