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24/7 Trade of the Day
Trade of the Day: eBay (EBAY)
With trade-war rhetoric heating up, the yield curve getting closer to inversion and excessive debt everywhere you look, today I'm adding a bearish trade on eBay (EBAY) in order to provide some protective puts to my portfolio.
Trade of the Day: Nike Inc (NKE)
Overall, apparel sales were up 15% from the previous year. This sent the stock soaring after the announcement, and we believe it still has further to go.
Trade of the Day: Turtle Beach (HEAR)
We are recommending buying shares of Turtle Beach (HEAR) because we don’t need to use options to gain some profit-generating leverage on this small-cap stock. It’s growing by double-digit percentages all on its own.
Trade of the Day: Walmart Stock Looks Ripe to Resolve Higher
For the past four months, WMT stock has found itself in a new consolidation phase which, in my eye, now stands a good chance of resolving to the upside for a trade.
Trade of the Day: Gilead Sciences (GILD)
There is a lot of uncertainty swirling in the markets, and that’s really the last thing that investors want. However, one stock I’ve had my eye on recently for a bullish play is Gilead Sciences (NASDAQ:GILD), which has jumped from the $72 level to over $76 in just the last three sessions.
Trade of the Day: Square Inc (SQ)
A positive move in the value of Square stock, coupled with an anticipated increase in implied volatility as we approach the quarterly earnings announcement, should provide a positive boost to the options we're recommending.
Trade of the Day: Novocure Ltd (NVCR)
Biotech firms have been showing strength relative to the rest of the market lately and look like they could be bullish candidates going forward.
Trade of the Day: Starbucks Stock Sets Up for a Bounce Into Earnings
The intermediate to longer term charts for Starbucks stock are now in bearish territory, but into July earnings, SBUX now sets up as a bounce candidate.
Trade of the Day: Twitter Inc (TWTR)
Since reaching its high in mid-June, Twitter Inc (TWTR) has been consolidating in a slightly down-trending channel, which we expect will ultimately become a “bullish flag” continuation pattern when the stock breaks above the resistance level that has been interacting with it during the past two weeks.
Trade of the Day: Constellation Brands, Inc. Class A (STZ)
One obvious target of a trade war would be beverage-exporters. However, we think that it will create an opportunity with STZ to the upside as investors seek an alternative beverage products company with more import- than export-exposure.
Trade of the Day: Chesapeake Energy Corporation (CHK)
I’m betting on additional downside ahead, as we saw a pretty strong one-day reversal on Wednesday that has yet to be recovered. One area that does look good for the bulls, though, is the energy sector.
Trade of the Day: Caterpillar (CAT)
Caterpillar (NYSE:CAT) has been caught in the crosshairs of the escalating trade tensions between the United States and China. The company has been hit not only by the rising cost of steel but also by the potential decline in sales the company may experience in China if the trade war continues.
Trade of the Day: Guggenheim CurrencyShares Australian Dollar ETF (FXA)
I think the U.S. dollar is going to fall from here, so I’m more interested in foreign currencies.
Trade of the Day: Harley Davidson (HOG)
Harley Davidson (HOG) announced on Monday that it would be moving production overseas to avoid EU tariffs. This is a risky announcement and one that we think will lead to much lower prices in the short term.
Trade of the Day: Starbucks Corporation (SBUX)
Starbucks Corporation (NASDAQ:SBUX) was hit with a selling frenzy on Wednesday and Thursday after announcing that it would be closing 150 U.S. stores. From Tuesday’s close to Thursday’s close, the stock dropped nearly 12%, which is a big move for SBUX.
Trade of the Day: iShares Barclays 20+ Year Treasury Bond ETF (TLT)
With a looming “debt bomb” around the world, I’m always looking for a chance to short interest-rate plays.
Trade of the Day: FedEx (FDX)
At least in the short term, investors seem to be counting on a resolution to the back and forth tariff threats. As that is the case, we feel that FedEx (FDX) is oversold on trade fears and out of step with the rest of the market.
Trade of the Day: Boeing Co Stock Is Set to a Lower Altitude
BA stock has fallen just shy of 10% recently, partly due to trade war fears with China. It now looks like the stock is capped for the time being, which sets up a trade idea.
