After sharp selling Thursday afternoon on the heels of hot inflation numbers, markets traded sideways into Friday’s early trading…
Even though volatility picked up again on the heels of Thursday’s ridiculous inflation numbers, it’s been another fantastic week for the New Money Crew strategies.
Starting with solid moves from our previous Weekend Watchlist, with Boston Scientific Corp. (NYSE: BSX) and BP PLC (NYSE: BP) both making gains to the upside to help those BP Feb. 25 $32 calls jump as high as 39%
Of course you already know about the massive windfall for Wiretap Alerts on Peloton Interactive Inc. (Nasdaq: PTON) — not to be confused with last week’s explosive PayPal Holdings Inc. (Nasdaq: PYPL) play…
But don’t overlook the Weekly Blitz Alerts scored wins on two of my favorite stocks Las Vegas Sands Corp. (NYSE: LVS) and Under Armour Inc. (NYSE: UAA), pulling in gains of 26% and 40%, respectively
And we’ll look to build on that success with the three new stocks on this week’s New Money Crew Weekend Watchlist.
New Money Crew Weekend Watchlist for Feb. 11
First on the New Money Crew Weekend Watchlist, we have Ford Motor Co. (NYSE: F).
Ford rode high into January on the strength of its burgeoning line of battery electric vehicles — notably the F-150 Lightning pickup, which officially started taking orders in January. Shares were hitting levels the company hadn’t seen in nearly two decades, topping out at $25.87 on Jan. 13 before getting hit with two downgrades and caught up in the market sell-off.
Unfortunately for the blue brand, the slide didn’t end there. The company missed its fourth-quarter earnings expectations by a mile and the stock plummeted another 10%. With shares down 30% off of its January highs, the bulls have come back to bottom fish with short-dated call options.
To close out the Weekend Watchlist, New Money Crew turns its eyes to Meta Platforms Inc. (Nasdaq: FB). Like we discussed in Wednesday’s Blitz Daily, shareholders of Facebook’s parent company have had to take a wild ride after its lackluster earnings report on Feb. 3. That hasn’t kept traders away from trying to buy the dip.
As I mentioned to WealthPress Senior Strategist Roger Scott in Thursday’s War Room, if I had to trade this stock right now, I’d be selling premium. The key level bullish traders will want to watch is if shares can break above its post-earnings high around the $248 level.
Check out the clip to see Roger and me break down the tech stock titan and hear why New Money Crew readers need to pay attention to the newest Weekend Watchlist member.
P.S. Ever wonder why Wall Street always seems to be one step ahead of the average Joe trader?
It’s because the big firms have a ton of top-secret trading strategies that give them an edge over everyone else!
And by the time Joe trader can pull up his accounts, the stock has made its move and is already fading…
Now I’m ready to show everyone exactly why this happens and how I use that pullback to my advantage!