Taking a big, overarching look at the rest of this summer into about mid-August… I’m bullish. I still see this market having some legs to run, especially in the big-time beaten-down names.
Yes, it’s still going to be choppy and we’ll get some curveballs. Take cruise lines, for instance…
I’m bullish on Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) and it’s one the positions in our Money Flows Elite strategy.
And then Carnival announced a secondary stock offering, diluting shareholders’ positions, which of course sent all the cruise lines sinking. Carnival wants to raise $1 billion to cover expenses so it needs money. It’s typically a good place to buy the stock now that shares have taken a beating.
It’s the same sort of thing we just saw with United Airlines Holdings Inc. (Nasdaq: UAL), which threw a curveball of its own because of high jet fuel costs, which of course eats into profits…
UAL got smashed and all airlines felt the pain of that news the past couple of days.
But the fact remains that there are a lot of people who want to travel after the funk of the pandemic. So how do we play it?
Check out my conversation with Senior Strategist Roger Scott up above and let’s discuss! We’ll also cover airlines and more!
Are there any topics you’d like to see me cover or questions you’d like answered? Send me an email at jeff@joyofthetrade.com! And be sure to stay ahead of the markets by subscribing to our YouTube channel and our Instagram page for all of the latest!
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