Did you catch the Jan. 28 edition of the New Money Crew Weekend Watchlist?
I sure hope so… Because the names have all seen nice moves to the upside, and we’re back for more!
It’s been a banger week of earnings with some absolutely crazy moves all over the board.
If you were wondering why I’ve been saying now isn’t the time to get aggressive, this week’s messy markets are a perfect example.
Everyone was excited for the bounce in the Nasdaq, thinking it’s safe to get back in the water only to see it drop 3.5% Thursday.
With so much volatility, the windows for success can be narrow. So keep small and stay nimble out there!
We’ve been selective, avoiding many of the market traps. And we even used a couple of them to our advantage!
Now it’s time to see what’s hitting the scanners again with new names for the latest New Money Crew Weekend Watchlist!
New Money Crew Weekend Watchlist for Feb. 4
At the top of this weekend’s watchlist, New Money Crew sets its sights on Boston Scientific Corp. (NYSE BSX).
One of the premiere manufacturers of medical devices, BSX turned in strong earnings figures on Wednesday. Adjusted earnings were up 95% as sales grew 15.4% year over year.
While the company beat performance expectations, forward guidance failed to impress Wall Street and shares dropped as much as 6% during Wednesday’s trading.
The stock has seen a nice bounce off the lows while the Blitz Tracker spotted bullish buyers looking for shares to move toward six-month highs.
Keeping things short and sweet, this week’s second and final watchlist name is BP PLC (NYSE: BP).
If you caught Thursday’s Blitz Daily, then you already know that energy has been crushing the markets through the downturn.
What you may not know is that rising tensions in Eastern Europe mean refiners are looking to grab sweet crude supply outside of Russian reach.
Our friends at British Petroleum are in a good position to benefit from the trend, and we’re seeing both short- and medium-term options flow hit the Blitz Tracker ahead of Tuesday’s earnings event. As a result, it’s earned a spot on the New Money Crew Weekend Watchlist!
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