2 Beaten-Down Companies I’m Watching Closely

by | Apr 1, 2022 | Watchlist

I have to admit that the previous two weeks of March have spoiled us…

We’ve seen some sloppy markets heading into Friday’s open as this week’s order flow has largely been a low-volume memestonk junk-fest.

Although wins have been hard to come by, my Weekly Blitz Alert strategy was able to reel in solid gains, even if we had to roll with the flow on a junk stock like fuboTV Inc. (NYSE: FUBO)…

What the heck is fuboTV anyway? Because I have no idea…

It was a mixed bag for the chipmakers on our outgoing New Money Crew Weekend Watchlist. We saw nice, short-term pops with Micron Technology Inc. (Nasdaq: MU) earnings while the sector took a hit after Barclays downgraded Advanced Micro Devices Inc. (Nasdaq: AMD).

With tech, oil and financials all trading lower this week and institutional trading leaving a lot to be desired, it’s hard not to have a bearish outlook at least in the near term.

Keeping that in mind, we can only trade the market in front of us. And with the weekend just around the corner, I want to make sure the New Money Crew faithful have a few hot targets on their watchlist…

New Money Crew Weekend Watchlist for April 1, 2022

First up on the Weekend Watchlist, New Money Crew is heading to the Motor City for a visit with my favorite EV stock, Ford Motor Co. (NYSE: F). Yes, I consider Ford and EV play these days… 

After racing to highs above $25 thanks in large part to the expansion of its full, battery-electric vehicles, Ford’s run to record 20-year levels would be short-lived.

Shares sold off as much as 40% to start 2022 and while demand has held strong, production of new inventory is poised to take a hit.

Industry analysts from J.D. Power & Associates projected a trim 12.7 million units sold compared to the roughly 15 million units from the first quarter of 2021.

Those figures may not see a bump anytime soon, either. Ford announced Friday it would temporarily shut down production on its Mustang line due to recent disruptions in the semiconductor supply chain.

Most automakers are set to report Q1 sales figures Friday except for Ford, which is expected to report on Monday, so keep your eyes on this catalyst event.

Although institutional order flow has been mixed in recent weeks, the company has seen strong buying from leadership. 

March saw Executive Chair and former CEO Will Ford Jr. buy around $4.5 million worth of stock at $16.81 per share, a nice vote of confidence from the top of the company that he believes the stock is undervalued.

Also on our New Money Crew Weekend Watchlist…

It was another rough quarter for Facebook parent company Meta Platforms Inc. (Nasdaq: FB). The top social media stock has been hit with one nasty headline after another going back to this past September.

The seven-month slide saw shares hit lows not seen since the early days of the pandemic. Although the stock has moved 20% off of the 52-week lows, we’re still more than 40% from September’s highs. 

With shares so beaten down on one of the highest-flying growth stocks of the pandemic, it shouldn’t come as much surprise that we’re seeing institutional traders buying some short-dated blood in the options markets…

And they may be on to something… Meta, along with fellow social media stocks like Snap Inc. (NYSE: SNAP), saw a nice bounce early Friday, earning it a spot on the Weekend Watchlist for New Money Crew!

Of course, traders looking to add more names to their list of targets can find out all about my No. 1 Accelerator Stock for April right here.

I’m also going LIVE again today, Friday, April 1, at 2:30 p.m. EDT for a special Wiretap Alerts Accelerator Class to hunt for more massive order flow ahead of the weekend.

I’ll see you there.

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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