Though the larger market has seen some turbulence this week, one sector stands strong in the face of nonexistent interest rates.
In this week’s issue of Fast Profits with Money Morning, I’m talking about homebuyers.
Residential real estate has seen a lot of activity of late, as months of pent-up listings finally make their way to market. On Fast Profits, we’ve had a lot of good fortune in this industry since the beginnings of a gradual economic recovery. Our last real estate trade, LGI Homes Inc. (NYSE: LGIH), is now up an astounding 256%.
And today, we could be looking at another record-setting opportunity in the making as more and more listings go live, only to close out in a matter of hours.
It’s an e-real estate platform that I expect to surge more than 30% in the coming summer months.
This stock was no exception to the COVID-19 casualties of late February – early March, falling more than 60% after initial coronavirus outbreaks began. But since hitting its March low, this stock has risen more than 400%. In an article published yesterday on MarketWatch, it was named among the tech companies “absolutely solutions to the problems coronavirus handed to us.”
And as it prepares to blow through its 50-day moving average, a bullish sign among technical traders, we’re only expecting this stock to keep climbing higher.
Here are the full trade details…
Action to Take No. 1: Buy shares of Zillow Group Inc. (NYSE: Z) using a limit order of $61.50.
Action to Take No. 2: Buy to open Z Nov. 20, 2020 $60 call (Z201120C00060000) using a limit order of $11.50.
— Chris Johnson
Source: Money Morning