We offered a trade idea in MSFT at the start of August and the option spread used in the idea expired for a 74% profit on Friday. Because of the decline over the past few days, the stock is once again testing the same trendline that made the trade attractive last time around.
Netflix (NFLX) Regains Upward Momentum
August 31st, 2020
NFLX rallied to a six-week high in the past week and shows the potential to continue higher. The following two articles outline reasons why the stock could continue the momentum – Hooking Up or Locking Down, Netflix Poised to Win Either Way, and Netflix (NFLX) Back in Rally Mode After Brief Correction.
Alibaba (BABA) Looks Appealing After Strong First Quarter Results
August 24th, 2020
This week we are looking at another of the Investor’s Business Daily (IBD) Top 50 List companies. We use this list in one of our options portfolios to spot outperforming stocks and place option spreads that take advantage of the momentum. Several analysts expect more upside for BABA’s stock price. Check out what the following […]
Will Bristol-Myers Squibb (BMY) Continue the Upward Momentum?
August 17th, 2020
BMY is up nearly 40% from its low in March and several analysts expect it will continue to push higher. Check out the following article that discusses a potential 10% upside – Analysts Are Bullish on Top Healthcare Stocks: Pfenex (PFNX), Bristol Myers (BMY). Also, take a look at why BMY might be appealing to growth investors – 3 Reasons Why Growth Investors Shouldn’t Overlook Bristol Myers (BMY).
Should You Buy Amazon (AMZN) Following Its Earnings Report?
August 10th, 2020
Amazon had a strong quarter and the following two articles outline the earnings report and why the stock may head higher from here – Amazon (AMZN) Q2 Earnings and Revenues Top Estimates and Why Amazon Stock Climbed 14% Last Month.
The Dip in Microsoft (MSFT) Offers a Buying Opportunity
August 3rd, 2020
Microsoft has dipped lower over the past few weeks, but several analysts think the broader outlook calls for more upside. Check out the following two articles which discuss the recent earnings report and how the pros outweigh the cons for MSFT investors – Microsoft revenue grew 13% despite coronavirus and Should You Buy Microsoft (MSFT) Stock?
Can Chegg (CHGG) Continue the Upward Rally?
July 27th, 2020
The following two articles outline several reasons why Chegg (CHGG) could see some more upside: Does Chegg (NYSE:CHGG) Have The Makings Of A Multi-Bagger? and Chegg (CHGG) Upgraded to Strong Buy: Here’s What You Should Know
Should You Buy the Dip in Adobe (ADBE)?
July 20th, 2020
Adobe has been a long-term outperformer and the recent dips could offer an attractive entry point for buyers. Check out what the following two analysts have to say about the stock
Advanced Micro Devices (AMD) is Poised for a Move to the Upside
July 13th, 2020
Several analysts expect AMD to continue pushing higher. The following two articles provide offer compelling reasons as to why – Is Advanced Micro Devices Finally Ready to Break Out? and 3 Reasons AMD Stock Is a Buy Right Now.
Kroger (KR) Shows Renewed Upward Momentum Following an Earnings-Inspired Dip
July 6th, 2020
Several analysts have positive things to say about Kroger, here are two of them – Kroger: How The COVID-19 Crisis Could Provide Long-Term Tailwinds and Are Investors Undervaluing Kroger (KR) Right Now?
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