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.

Put Shares of Nike to Work and Collect Income

We want to take advantage of Nike's (NKE) drop with a covered call.

Investors Want Gold and That’s Good For Barrick

This week I want to recommend a bullish trade on Barrick Gold Corporation (NYSE:GOLD).

Income from the Four Ds with Extra Space Storage

It’s looking like we will see plenty the four Ds during the next few months, so it’s time to generate income with a put write on Extra Space Storage (NYSE:EXR).

Trade of the Day: Paypal Stock Is Ready to Reverse Again

PYPL stock rallied close to 30% over the past couple of weeks. After this strong run however the stock is approaching some serious technical overhead resistance on the charts.

Trade of the Day: Prepare for the Next Leg Lower With the S&P 500 Spy ETF

With negative economic and corporate data likely to overwhelm the headlines in coming weeks, the SPY etf stands a good chance of embarking on another leg lower sooner rather than later.

The Short-Term Bearish Case for Royal Caribbean Cruises

The cruise industry did particularly well yesterday, with Royal Caribbean Cruises Ltd. (NYSE:RCL), Carnival Corporation & Plc (NYSE:CCL) and Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) all gaining over 15%.

More Downside Potential for S&P 500 and SPY

The S&P 500 managed to hold at around the 2,500 level at the close on Friday, and that gives traders a chance for a downside insurance trade on the SPDR S&P 500 ETF Trust (NYSEARCA:SPY).

There’s Two Reasons This Oil Company Will Fall

I’m recommending a bearish trade on Equinor ASA (NYSE:EQNR), the Norway-based oil and gas exploration and production company.

Shorting WYNN is Less of a Gamble Now

With stocks taking a break, we think now would be a good time to sell covered calls against a consumer staples stock we’ve been holding: Ball Corporation (NYSE:BLL).

Trade of the Day: HACK Cyber Security ETF Is a Short

Cyber security stocks as represented by the HACK etf despite a likely promising future, look susceptible to another pullback in.

Trade of the Day: Semiconductor ETF SMH Is Ready for Another Leg Lower

Technology stocks such as the SMh etf are now back near levels on the charts that offer plenty of short term technical resistance and thus could lead to another leg lower for a trade.

Quick Income Selling Options on Papa John’s

Papa John's International, Inc. (NASDAQ:PZZA) is well positioned to outperform while social distancing measures are in place.

Selling Calls on Ball Corporation While the Rally is Paused

With stocks taking a break, we think now would be a good time to sell covered calls against a consumer staples stock we’ve been holding: Ball Corporation (NYSE:BLL).

Restaurants Like Cheesecake Factory Will Fall Behind

This morning, I am recommending a bearish put option on The Cheesecake Factory Inc. (NASDAQ:CAKE).

Selling Calls Against Coke as Stocks Push Higher

Coca-Cola’s (NYSE:KO) slight push higher gives us an excellent opportunity to sell a covered call against the stock.

Trade of the Day: A Warning Flag for the Nasdaq 100 QQQ ETF

The QQQ etf has been a relative outperformer versus the broader US large cap stocks for a long time. But this relative strength has begun to fade and further downside likely lies ahead.

Trade of the Day: HCA Healthcare Stock a Bullish Bet Worth Making

After the recent selloff HCA stock not only looks promising 'on the charts' but also has a structural tailwind worth respecting.

Covering Disney Stock to Generate Income

We're looking to generate a little relief of our own in the Strategic Trader portfolio by selling a covered call against our shares of The Walt Disney Company (NYSE:DIS).

Gold is Vulnerable and so are Gold Miners

Traders have a perfect opportunity to set up a bearish trade on the VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ).

Retail Stocks Haven’t Found a Bottom Yet

The retail sector has been hit particularly hard during the COVID-19 outbreak, making the SPDR S&P Retail ETF (NYSEARCA:XRT) an excellent target for a bearish put option.