Hey, traders! I’m going live today at 2:30 p.m. EST, so scroll on down to the end for more info as time is running short! Now back to our weekly watchlist…
Friday is here and that means it’s time to take stock of the week that was, and get ready to head into February with the New Money Crew Weekend Watchlist!
Volatility has been the name of the game…
Not even our good friends at the Federal Reserve could save the markets.
In fact, you can see a big sell-off from the midweek rebound just as soon as Fed Chair Jerome Powell took the microphone after Wednesday’s latest Federal Open Market Committee meeting.
But even with the strong downward moves, our strategies continued finding profits.
The weakness has been buoyed by strong earnings at the top of the S&P 500 from tech kings Microsoft Corp. (Nasdaq: MSFT) and Apple Inc.(Nasdaq: AAPL)
Apple saw record revenues in the fourth quarter, absolutely smoking earnings and popping shares of the iconic brand nearly 6% above Thursday’s closing price.
That helped push the Jan. 28 $160 strike calls deep in the money while collecting a win for the Daily Profits Challenge War Room. Meanwhile, Weekly Blitz Alerts took gains on American Airlines Group Inc. (Nasdaq: AAL) and watchlist name Moneygram International Inc. (Nasdaq: MGI) earlier in the week.
And speaking of the watchlist, I have three names for you to put on your radar as we exit January…
New Money Crew Weekend Watchlist for Jan. 28
Look who’s back at the top of the list… it’s Goodyear Tire (NYSE: GT). This stock was on my radar back in October before running from $18.60 a share to above $24.
This is a company that’s been making great moves in the past 12 months, merging with Cooper Tire back in June 2021. That helped Goodyear demolish Q3 earnings expectations, nearly tripling the consensus estimate.
The stock saw a nice run into the new year after unveiling its first replacement tires specifically designed for electric vehicles. The stock peaked back above $24 back on Jan. 14 but has since sold off with the market. With shares nearing three-month lows and earnings approaching on Feb. 8, we’re starting to see signs of excitement as institutional traders scooped up hefty amounts of short-dated call options this week.
Moving into the turn, we have silicon sultans Advanced Micro Devices Inc. (Nasdaq: AMD). Buyouts have been working well for us in recent weeks, and AMD announced that Beijing has conditionally approved its takeover bid of chipmaker Xilinx Inc. (Nasdaq: XLNX).
Like GT, AMD saw all of its gains from Q4 wiped out during January’s pullback. Heading into Tuesday’s earnings event, the bulls are buying the blood on the blue-chip chipmaker.
And down the home stretch comes the dark horse, Rivian Automotive Inc. (Nasdaq: RIVN). I hate to say it, but the more I look at the products and read about the latest EV upstart, the more intrigued I become. Unlike a lot of the fraud running rampant in the EV space, Rivian is actually steadily increasing its production and delivering vehicles.
They’re a long way from estimates of 40,000 deliveries and shares were downgraded earlier this week, but that hasn’t kept institutional call buyers from hitting the Blitz Tracker. So we’re adding it to the New Money Crew Weekend Watchlist!
P.S. Of course, if you’re looking for more guidance on trades through the weekend, I’m going LIVE Friday, Jan. 28, at 2:30 p.m. EST for January’s final Weekend Wiretap Accelerator Class.
I’ll cover the biggest wires hitting the tape that the institutions are trying to sneak past us, and answering any questions my members may have… so make sure to come prepared!
If you’re not a member, there’s still a chance to join me on the hunt for brand-new trades to enter before the closing bell!