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. At Terry’s Tips, we carry out actual portfolios for our subscribers to follow (either on their own or through Auto-Trade at their broker). One of these portfolios places our Idea of the Week that we publish here. So far in 2018, this portfolio has gained 69% and over half the portfolio value is now in cash since several of the put credit spreads that we sold earlier expired worthless over the past two weeks. I hope you enjoy these ideas that we pass along.
Terry
Weibo Corp (WB) Surges On a Stellar Earnings Report, Can it Continue the Momentum?
Several analysts have revised up their price targets after Weibo Corporation tripled Q4 earnings earlier this month. Here are two of them – Weibo Corp (WB) PT Raised to $150 at Barclays and Weibo Corp (WB) PT Raised to $154 at Nomura; Momentum Remains Strong.
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