Traders are once again wrong to sell a stock this good. Their fears are your gains.
In short, if history is any indication, today’s overly-friendly price trend is increasingly at risk of a larger correction.
Up more than 115% over the past year shares recently hit a new all-time high.
The stock market is made up of sectors and groups, some of which are more heavily weighted in the S&P 500 than others. Unless several of the large and important sectors are showing leadership it is mathematically very difficult for the broader stock market to break higher in a meaningful way.
The underlying stock looks ripe as hungry buyers are gobbling up this week’s pullback.
I’m confident that once again, it will rebound and rally higher once the quarterly earnings report puts Wall Street’s fears to rest.
Our target potential upside is almost 22% to 71% in the next 4-6 months.
It’s my “Option Trade of the Day”.
Here are today’s upgrades and downgrades: Walmart, Esperion, Hilton, Viper Energy and more.
Both are making their impact felt on businesses and individuals and building their own important niches in today’s market.