loader image

Weekend Watchlist: 1 of My Favorite Gambling Stocks Has a Hot Hand!

by | Jan 14, 2022 | WealthPress University

I don’t know about you, but I’m ready for a long weekend — because that means it’s time for the New Money Crew Weekend Watchlist! 

Markets are selling off Friday with retail sales falling nearly 2% in December. It seems like a straightforward reaction, but these past few weeks have been anything but rational. 

Someone asked me in the War Room where I thought the market was heading Friday after retail sales and bank earnings reports…  

The honest truth is that even if I had those numbers in my hand a week in advance, I still wouldn’t have been able to tell you how the market would react. 

One thing I know for certain is that when a trader thinks they know exactly what the herd is going to do, that’s an easy way to blow up an account. 

Right now, it feels like every dang day is a yo-yo.  

The S&P 500 is holding up OK, but the growth and tech names continue to get their booty spanked. 

You have Federal Reserve Chair Jerome Powell yapping and trying to save the markets… And just when you thought it was safe to go back in the water, we have opening rallies followed up by big institutional selling and -1,300 ticks printing. 

But despite the choppy markets, our New Money Crew strategies have scored some solid wins… And we’re looking to keep that rolling into January’s monthly options expiration with three new targets for our New Money Crew Weekend Watchlist…

Under Armour Just Keeps on Giving! 

You have to dance with the gal that brought you. So who’s the lucky lady? Well it’s Under Armour Inc. (NYSE: UAA), of course! At the start of the week, we saw big activity hit the Blitz Tracker in the Class C shares (ticker: UA). But typically, the UAA options are more liquid. 

Apparel stocks took a hit on down news for Nike Inc. (NYSE: NKE) and Lululemon Athletica Inc. (Nasdaq: LULU), and traders were buying the dip.

After a little market calming from J-Pow, shares jumped around 3% on Wednesday. So Weekly Blitz Alerts landed a nice 50% win in two days! UAA just works, so why not keep trading it?

If Under Armour can keep this up, it will be in contention for my favorite stock to trade two years running! 

And while it’s nice to take a victory lap, you can’t get complacent in these choppy markets. With that in mind, let’s dive into the New Money Crew Weekend Watchlist and I’ll show you what’s on my radar for next week… 

New Money Crew Weekend Watchlist Heads to Vegas!

First up, we have Lucid Group (Nasdaq: LCID). The stock has been making frequent appearances on the Blitz Tracker in the past several weeks — especially after Lucid Air won “car of the year” just two weeks after hitting the market in November. But the stock has a major catalyst coming up on Jan. 19 when the lockup expires for early investors.

A similar event happened back in September, when  shares took a 30% haircut in a week. Shares have already started to sell off this week, plummeting nearly 9% between Wednesday and Thursday. The Jan. 19 date will likely present traders with a dip-buying opportunity. 

While we’re on EVs, Ford Motor Co. (NYSE: F) has been on quite the run in the past few months as it ramps up production on the Mustang Mach-E and F-150 Lightning pickup. 3D Profit Surges reeled in a very nice 87.5% win on the carmaker this past week. The stock had another nice move Thursday, breaking out of a bull flag on the daily chart.  

It’s hard for me to buy calls when the stock is moving up 3% to 4%, but there’s been a lot of forward call options hitting the tape… and I wouldn’t want to bet against it right now. 

And running anchor on this week’s New Money Crew Weekend Watchlist is our good friend Las Vegas Sands Corp. (NYSE: LVS). We’re seeing a lot of positive headlines hit for hospitality and travel this week… 

Concerns of government regulation in Chinese gambling hub Macao has LVS up over 10% on Friday. The outlook was good enough for the company to get an upgrade from JPMorgan, and it made Goldman Sachs’ list of undervalued quality stocks for 2022. 

With Delta Air Lines Inc. (NYSE: DAL) pulling in a second straight positive quarter and forecasting more profits in 2022, travel stocks have been trending as disruptions from the omicron variant ease.  We’ll look to see if the sector can keep things rolling in that direction ahead of Las Vegas Sands’ Jan. 26 earnings date.

P.S.  Anyone placing trades during the week may actually be stacking the deck against themselves…

Look, every week, thousands of headlines like earnings or bad news out of the Federal Reserve or China wreck what may seem to be perfectly good trade setups. 

So instead of traders risking their hard-earned cash during the meat of the week, there’s a simple Friday afternoon strategy that is able to skip all of the madness…

It taps into some of the most reliable forces in the market, already giving us direct access to gains like 22% on DNUT, 68% on CCJ and 19% on SQ, all in the past couple of weeks!

Learn How It Works  

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

What to read next

99 Problems and a “Pivot” is One

99 Problems and a “Pivot” is One

A friend of mine sent me this chart about three months ago. I should probably print it and keep it in my wallet next to a photo of my daughter. Given the sheer number of questions I’ve fielded lately, I’ll probably end up showing this chart more than her picture.

read more
Everything Everywhere, Going Down, All At Once

Everything Everywhere, Going Down, All At Once

When our momentum reading went negative last week, I didn’t know that we’d have the second largest bank failure in U.S. history three days later. All I knew was that it went negative… and that we got out of the way.

read more
Trust But Verify…

Trust But Verify…

I want to talk about our version of “Trust but Verify” in the markets. Qualification is the most important part of the investing process. And this F score value strategy looks to be crushing the current market.

read more

Have any questions? Contact Our Customer Service Team