It’s set up for success through the end of the year.
This is simply a cheap hedge against a further selloff in stocks.
It’s an iconic brand that’s up more than 20% over the past two years, including dividends. And it recently hit a fresh all-time high.
Now that marijuana is legal in more than 20% of the country, momentum and acceptance bodes well for pot stocks.
These names look well-positioned to end the week on a trade-worthy note.
Our target potential upside is almost 12% to 38% in the next 4-6 months.
It’s my “Option Trade of the Day”.
Here are today’s upgrades and downgrades: Keurig Dr Pepper, TripAdvisor, Owens-Illinois, Skyworks and more.
It recently popped up off support in the aftermath of the company’s earnings announcement. We wouldn’t be surprised to see it rally again.
It’ll likely have a hard time moving higher. Active investors and traders could now look to short it.