We’re still a bit choppy, but the stock markets are churning higher as we run into the start of earnings season.
And after a week and a half of good news, we’ve wiped out more than half of September’s move down.
I know I’m a broken record, but earnings season is where the lion’s share of the action is – the potential gains are massive and the trades move fast.
Sometimes all a stock needs is a whiff of positivity, any excuse for traders to buy, and it’s off to the races.
Occasionally, I’ll trade some of the less volatile names to help readers get their orders filled…
But during earnings, even those “boring” names can break out at a moment’s notice…
In fact, it happened to me on Thursday, but thankfully my Daily Profits War Room members were right there with me to trade earnings live and get that valuable information in real time…
There’s No Better Way to Trade Earnings Than Live
I love trading earnings in my War Room because there’s no faster way to see how markets are trending and what names are hitting the tape than live.
It really pays to have that kind of speed because every second matters in the options market… And that goes double during earnings season.
Under the best of circumstances, it isn’t unusual for a stock to have already started to make a move by the time I look to see if I want to take the trade…
Sometimes they’ll pull back and we get a chance to jump on… but sometimes they’re gone with the breeze.
Thursday’s session was a great example of just how quickly stocks with news can move.
It all started with a fantastic breakout in Grocery Outlet Holding Corp. (Nasdaq: GO), but it ran away from me before I could jump in…
Later in the session, we saw one of my favorite energy names hit the tape — APA Corporation (Nasdaq: APA).
War Room members got the info up front, but before we could hit “send” on the e-mail, the premium spiked… Meaning if you weren’t there, you missed out on a nice 47% one-day return.
That kind of action is what makes trading earnings live so exciting, and why energy and commodities names like APA, Ballard Power Systems Inc. (Nasdaq: BLDP) — another one-day War Room trade for a 83% return — Schlumberger Ltd. (NYSE: SLB) or a Freeport-McMoRan Inc. (NYSE: FCX) are great targets in this market.
Check out the video from Thursday’s live earnings trades feed in the War Room. I’ll also walk you through a few more commodity tickers I like right now and why I’m taking them over some of the stock market’s tech darlings.
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