It’s a long-term winner that’s trading at a highly unattractive valuation. Don’t buy it at current levels but consider it on weakness.
Here are five trade ideas for the new trading week from names like Abbott Labs, ConocoPhillips, Goldman Sachs and more.
Our target potential upside is almost 15% to 88% in the next 4-6 months.
It’s my “Option Trade of the Day”.
Here are today’s upgrades and downgrades: Wingstop, Macy’s, O’Reilly Automotive, 3M, Dow Inc. and more.
Up 169% year-to-date, valuations and technicals have reached extremes. Look for it to go on sale over the near-term.
Although it’s up 70%-plus from it’s May IPO, with big unit expansion, big traffic growth, big ticket growth, and big margin improvements it will continue to run materially higher.
Generating consistent, high-probability returns is a piece of cake when you know how to do it.
It’s up nearly 200% over the past three years (including dividends) and the trend should continue.
Its recent plunge offers an attractive entry point into this long-term winner, with sizable upside catalysts on the horizon.