After a major sell-off like we've seen, it stands to reason that some stocks will be trading at levels that will make them attractive for investors and will have better prospect than others.
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| | Good morning. After a major sell-off like we've seen, it stands to reason that some stocks will be trading at levels that will make them attractive for investors and will have better prospect than others. When evaluating companies right now, you must consider how opaque the earnings picture looks.
The more opaque, the more likely they are to test new lows. Those stocks that are more oversold and have a clearer path forward may have a chance to retest lows or form higher lows and highs. This is that proverbial fork in the road for the market. In this case, we're trying to identify the one that will likely be most traveled. | | | | | | | | | | DOW 22,706.35 | +0.12% | | | | S&P 2,678.31 | +0.89% | | | | NASDAQ 7,901.08 | -0.15% | | | | *As of market close | | • | Stocks advanced 0.89%, but finished significantly off their intraday highs. | | • | Oil prices fell 7.44%, as the glut continues to build and uncertainty over production cuts. | | • | Gold prices fell 0.69%, despite further weakening of the U.S. dollar. | | • | Cryptocurrencies traded lower, with Bitcoin finishing 1.57% lower closing at $7215. | | | | | | | | 3 Recently Upgraded Retail Companies to Buy as the Curve Flattens | | | | Over the weekend, it was news of progress in the COVID-19 pandemic in in New York to led to a dramatic rally on Monday. As the data for new cases and deaths falls below trend, this places retail in a position to open their doors sooner. According to a Cowen survey, three-quarters of investors that responded to the survey expect that stores will reopen in June.
» FULL STORY | | | | | | Option Traders See Light at the End of Tunnel for This Oil Production Company | | | | As oil companies scramble to cut costs, it will be inevitable that cuts in production will come. WPX Energy, Inc (WPX) is no different as they are looking to cut $400 million (approximately 25%) of its capital budget for 2020.
That plan may have sparked interest in option traders. On Tuesday, Call option volume exploded higher as it traded over 12 times the average and accounted for over 99% of the option volume in the first few hours of trading.
» FULL STORY | | | | | | Insiders of this Casino Stock are Stepping Up to the Roulette Wheel to Bet on Green | | | | MGM Resorts (MGM) is the biggest resort operator on the Las Vegas Strip. Since March 30, 2020, insiders have bought almost 2.2 million shares for a value of over $25.5 million. The activity included the President and acting CEO William Hornbuckle, who bought 49,800 shares at an average price of $11.98. The buying activity wasn't just reserved for the CEO as four other insiders also purchased shares including three directors and the CFO.
» FULL STORY | | | | | | | TOP | | NCLH | 25.363% | | | NBL | 23.313% | | | APA | 22.306% | | | MRO | 17.235% | | | FTI | 16.457% | | | BOTTOM | | HAS | 6.358% | | | COTY | 6.024% | | | SBAC | 4.533% | | | AKAM | 3.983% | | | SJM | 3.751% | | | | | | | | | It is quickly becoming clear that Congress will need to provide more funding (small business) or this crucial program may run dry. | | - Senator Mitch McConnell, quoted by Reuters | | |
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