Each Monday for the past several weeks, I’ve sent you a watchlist of five stocks that just crossed my “Alpha Line.” And Monday of this week, I sent you my second free trade alert that’s pulled directly from my watchlist — and the stock rose 18% Monday!
With President Joe Biden pushing for a major infrastructure plan, steel stocks have been in the news and a hot topic for investing…
In fact, in my Alpha Trade Alerts trading strategy, we entered an option play in U.S. Steel Corp. (NYSE: X) on March 26 and exited the very next day — for a 72% gain, all overnight!
And this week’s free trade alert, with entry and exit prices, that crossed my Alpha Line before exploding Monday was on Olympic Steel Inc. (Nasdaq: ZEUS). So in today’s video, I thought I’d break down ZEUS for you and show you why it’s a strong pick among steel stocks.
First, a disclaimer…
Do not enter into any positions from my free watchlist and trade alerts unless you’re comfortable managing them on your own. If you want me to manage trades for you with buy and sell text and email trade alerts, check out Alpha Trade Alerts.
As we’ve covered here before, Biden has plans for a massive infrastructure bill in the neighborhood of $2 trillion. And one group of names that will see benefits are of course steel stocks.
So you have the aforementioned U.S. Steel and Olympic Steel, Reliance Steel & Aluminum Co. (NYSE: RS), Nucor Corp. (NYSE: NUE) and a lot of other steel companies as well.
But there’s an important aspect you need to consider when entering these steel stocks — you don’t want to be late to the party! As we saw Monday, when a stock crosses my Alpha Line, it could be about to explode, just like Olympic Steel.
Check out my short video and I’ll discuss why you can’t wait to get in on these steel stocks in the news, and I’ll break down why Olympic Steel was my free trade alert for this week!
Be sure to check your inbox each Monday for my free Alpha Intel Weekly Watchlist. I’ll also send you free trade alerts pulled from my watchlist every couple of weeks just as a thank you for being a reader. Let us know in the comments if you’ve entered any of these positions!
And as always, please like and subscribe to our YouTube channel and podcast, “Smart Money Circle,” where I interview some of the most brilliant minds in the business. You can also follow me on Twitter, and read more of my thoughts on the market at WealthPress and on Forbes, where I’m also a contributor.
Everyone has heard all about GameStop and its sudden, meteoric rise and 4,200% returns amid a massive short squeeze.
But what most traders probably don’t know is that it’s not the only stock getting squeezed!
Wall Street doesn’t want everyday traders to know about these massive moves because the big firms lose money whenever short squeezes happen.
Now I’m pulling back the curtain to reveal how anyone can take advantage of these trades — every single week!