-
Most Popular
24/7 Trade of the Day
Investors Will Love CME’s $1.75 Special Dividend
We are opening a new bullish trade on CME Group (NASDAQ:CME). While volatility in the financial markets can be a burden for many stocks, it tends to be a boon for CME. Increased volatility tends to lead to more trading, and more trading means more revenue for CME.
BPOP Will Follow the Market Back Up
While my indicators were giving neutral readings heading into this week, my personal view is that it’s time to start getting more bullish on the market. Therefore, I want to recommend a bullish trade on Popular, Inc. (NASDAQ:BPOP).
Take a Position in ABX While Commodities are Down
This morning I am feeling bullish about commodities, and I want to recommend a trade on gold-miner Barrick Gold Corporation (NYSE:ABX).Many commodity prices have dropped dramatically recently. We’ve watched crude oil fall precipitously since the start of October as output in the U.S. has increased, and lumber prices have also collapsed.
COST Has Bullish Fundamentals, But There is Resistance at $245
This morning I am recommending a bearish trade on Costco Wholesale Corporation (NASDAQ:COST). COST is scheduled to announce earnings at the market close today. But even if earnings come in above expectations, I do not expect shares to trade above resistance.
DUK Benefits From Confident Consumers and Low Interest Rates
We have been managing a position in Duke Energy Corporation (NYSE:DUK) since mid-October. This company operates gas and electric utilities, and it is considered a defensive stock.
XLU Will Encounter Strong Resistance at the $57 Level
This morning I am recommending a bearish trade on the Utilities Select Sector SPDR ETF (NYSEARCA:XLU) .We are in a volatile market. The CBOE Volatility Index (INDEXCBOE:VIX) is channeling sideways, with the 200-day moving average acting as support.
IBB’s $100 Support Level Goes Back to 2017
This morning I am recommending a bullish trade on the iShares Nasdaq Biotechnology ETF (NASDAQ:IBB). I like the biotech sector, and it has generally been holding up well during the recent volatility.
EMR’s Prior $66 Support Could be New Resistance
We have been managing a position in Emerson Electric Co. (NYSE:EMR) since October. Right now we are holding shares of EMR and selling covered calls. The company is a fundamentally strong, internationally diverse manufacturer known for industrial electrical and HVAC equipment and its automation hardware for several industries, including oil and gas.
Collect Premium While NSC Recovers
This morning we are recommending another trade on Norfolk Southern Corporation (NYSE:NSC). The market is selling off on skepticism around trade, and as regular readers know, transportation stocks are sensitive to trade issues.
MSFT Market Cap Briefly Overtakes AAPL
Investors will be looking for growth this quarter, and Microsoft (NASDAQ:MSFT) is positioned well from a technical and fundamental perspective, as it is a growth stock that pays a strong dividend.
Oil Could Still Go Lower
I am recommending a bearish trade on Plains All American Pipeline, L.P. (NYSE:PAA), a provider logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. Oil bounced back slightly last week, but it has continued its downward move. Declining oil prices are helping our consumers, but the U.S. is now one of the biggest oil producers in the world, and this will hurt us. Because we're producing more, we won't be able to sell it at a high price.
Consumer Spending Should Lift AXP
I am recommending a bullsih trade on the American Express Company (NYSE:AXP), the credit card and travel services provider. AXP should benefit from any rally due to consumer spending, and we did see the market turn around this week. We saw a snap-back rally on Monday that then morphed into a “Powell rally” on Wednesday that took the S&P 500 back above the 2,700 level.
Look to KO for a Solid, Safe Return
We are opening a new bullish trade on Coca-Cola (NYSE:KO). Traders on Wall Street are getting nervous. It’s happened before, and it will happen again. But just because they are getting nervous doesn’t mean they don’t want to make money... They just don’t want to take on as much risk to do so.
Generate Income on ADBE Before Earnings
We have been managing a position in Adobe (NASDAQ:ADBE) since mid-September. We started by selling naked puts and took possession of the shares when the market dropped in October. Since then, we have sold covered calls against the stock to earn additional premium.
Get Paid While IRBT Consolidates
We have been managing a position in the iRobot Corporation (NASDAQ:IRBT) since mid-September And the robotic vacuum-maker's stock recently jumped higher following news that the company would be working with Alphabet (GOOGL) to expand their partnership.
AXGN Rallied Too Far Too Fast
I am recommending a bearish trade on AxoGen Inc. (NASDAQ:AXGN), a company that provides surgical products and education to help improve surgical treatment algorithms for peripheral nerve injuries.
CTAS is Still Oversold
We are recommending a new bullish trade on Cintas Corporation (NASDAQ:CTAS) — a company you probably know best for providing work uniforms and laundry services for workers in the retail and dining industry groups.
A Bullish Opportunity in a Bearish Energy Market
I'm recommending a bullish position on the United States Oil Fund (NYSEARCA:USO). Oil recently finished its longest daily losing streak on record before finding some support near the $55 level. That is a positive overall for U.S. consumer and the economy, but it’s certainly not good for energy stocks, which have also been hit extremely hard this month.
