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24/7 Trade of the Day
Trade of the Day: SPDR S&P Homebuilders ETF (XHB)
The consumer stocks I've got my eye on now are homebuilders. They’ve been hit pretty hard, but I think we’re going to get a bounce-back in those. Despite the rate hikes, we’re in the initial stages of rates going up, and it’s not increasing the mortgages right now.
Trade of the Day: CME Group Inc (CME)
The Nasdaq and the Russell 2000 small-caps have made dramatic moves to the upside over the past few weeks and have set new all-time highs. I don't like to see the crowd all on one side of a trade — but I do think it's a good time for the trading exchanges themselves.
Trade of the Day: AmerisourceBergen Corporation (ABC)
The surprise judgment on Tuesday in favor of the AT&T (T)/Time Warner (TWX) merger is probably going to give media stocks a small boost in the short term, but another stock that could benefit from the shift in favor of larger mergers is AmerisourceBergen Corporation (ABC).
Trade of the Day: Palo Alto Networks Inc Sets Up for a Next Leg Higher
On June 12, PANW stock accomplished an important technical feat that now sets up a bullish trade with well-defined reward to risk for traders and active investors alike.
Trade of the Day: Utilities Select Sector SPDR ETF (XLU)
A lower-value dividend combined with a generally bullish market should send prices on the Utilities Select Sector SPDR ETF (NYSEARCA:XLU) lower in the short term.
Trade of the Day: Technology Select Sector SPDR Fund (XLK)
The Nasdaq has made a new high, and there’s a lot of money flowing into tech — it’s been a popular place to be for a while.
Trade of the Day: Twenty-First Century Fox Inc Class B (FOX)
My indicators are giving pretty solid bullish readings this week, and from a technical perspective, the markets seem as though they are going to continue moving higher.
Trade of the Day: Bank of America Corp Stock Could Be the Next to Rally
Shares of large-cap U.S. bank stocks like Bank of America rallied on Wednesday, helping push the broader market higher. As a result, BAC stock is setting up for a trade.
Trade of the Day: Target Corporation (TGT)
From a fundamental perspective, we expect TGT to rise as consumer spending increases. An inverted “head-and-shoulders” continuation pattern has been forming since January and was completed with Tuesday’s break above the pattern’s neckline.
Trade of the Day: Newell Brands Inc. (NWL)
Newell Brand’s Chief Financial Officer (CFO) has announced retirement after only two years on the job, which is usually a bad sign. Considering the company’s debt load and shareholder fights with management, we don’t see much of a likelihood of short-term improvement.
Trade of the Day: Ford Motor Company (F)
Auto companies are not doing well, and I think they’ll fare worse than expected.
Trade of the Day: Cars.com Inc (CARS)
When the worldwide "debt bomb" explodes, investors are going to demand much higher yields to hold Treasurys, and that’s going to weigh on the market heavily.
Trade of the Day: United States Oil Fund LP (USO)
In the short term, we expect that traders will be planning for a flip-flop from OPEC. The underlying fundamentals are reasonably positive as well, which should help boost United States Oil Fund LP (NYSEARCA:USO) up off of support.
Trade of the Day: Paypal Holdings Inc Is Ripe for a Breakout
Despite broader stock market volatility on Tuesday, PYPL stock only traded lower 0.28%. In my eye, PayPal is not far away from another leg higher.
Trade of the Day: NIKE, Inc. (NKE)
While the ratio of advancing issues to declining issues is also not as strong as I would like to see, one stock that has really performed well this year and should continue to move higher is NIKE, Inc. (NYSE:NKE).
Trade of the Day: Twenty-First Century Fox, Inc. (FOXA)
While the market isn’t giving the all-clear signal just yet, the bidding war between Disney (NYSE:DIS) and Comcast (NASDAQ:CMCSA) for Twenty-First Century Fox, Inc. (NASDAQ:FOXA) puts the stock in a very strong position.
Trade of the Day: PowerShares Japanese Yen ETF (FXY)
We think the flight into certain safe-havens will continue as the lira falls and threatens to hurt the European stock and bond markets, and we are using the PowerShares Japanese Yen ETF (FXY) to take advantage of the geopolitical risks posed by Turkey.
Trade of the Day: Netflix, Inc. Stock Attempts a Much-Anticipated Breakout
NFLX stock is performing relatively well and a breakout to new highs looks to be increasingly likely. Active traders and investors could look to buy Netflix on pullbacks or bullish reversals.
