Move stop on AMZN up to $3215.00 (break-even) Move stop on VLO up to $63.75 AMZN was looking good for us early on, and we got a great earnings report, however it came on the same day that Jeff Bezos announced he’d be stepping down. The stock continues its sideways grind for now. If it rallies, great, if now, we’ll step aside at break-even for now. VLO continues a nice run higher. Oil should continue … read more Trade Update
Move VLO stop up to $61.59 VLO has been moving very nicely for us, and today is also ex-dividend day, meaning we will be collecting an additional .98 cents per share. We’re going to move the stop up to just below the breakout level here as well.
Move stop on CSCO to $45.28 We sold half of our CSCO on Monday at $49.06. The chart was looking very good, but with earnings coming up on Tuesday afternoon we opted to take profits on half the position, allowing us to leave the rest through earnings. Earnings came out and beat estimates for both EPS and Revenue, however, the stock is down about 4% anyway. Sometimes market reactions after earnings are overdone. We’re going … read more Trade Update
Sold 1/2 of CSCO position @ $49.06 The company reports earnings tomorrow afternoon, which could really go either way. However, we’re quite happy with the chart, and would like to remain in 1/2 of the trade to see if it can continue through resistance to the next target level. So we are moving the stop and target price on the remaining half. Stop on second half of CSCO up to $47.89 Target on second half … read more Trade Alert
Bought 5% SPWR @ $44.70 Stop @ $29.90 President Biden has promised a transformation in U.S. energy, as well as a promise to buy American. We think this sector will likely continue to suffer from volatile moves in the coming couple of years as policy debates go back and forth, but in the end it appears to us that the writing is on the wall regarding the move to solar energy, and we’re happy to … read more Buy-and-Hold Portfolio Trade Alert
Bought 15% VLO @ 60.09 Stop @ $56.48 Target @ $77.11 Oil is just ticking through a long-term downtrend. Hard to tell if it will really run through or not, but if it does we should see significantly higher levels quickly. VLO is just a little below a short-term resistance level that we’ve been watching for a breakout trade for a while. We’re going to go ahead and jump in here to see if we … read more Trade Alert
Bought 5% BCRX @ $11.00 Stop @ $6.95 BCRX has been on our radar for a while, even making the top of our stocks-to-watch list two weeks ago. We’ve been waiting for a breakout above the $10.00 resistance in order to buy for our buy-and-hold portfolio. Unfortunately, or fortunately, depending a bit on how you look at it, the stock came under the radar of the WallStreetBets group (of Gamestock fame) over the weekend, which … read more Buy-and-Hold Portfolio Trade Alert
Move stop on PLL up to $46.95 Move stop on BYND up to $137.00 In general we won’t be issuing many trade updates on the buy-and-hold portfolio. However, occasionally stocks can really outrun themselves, and the markets, and it is worth moving stops up to be sure we don’t give back all those gains. PLL ran as high as 120% higher for us in just a couple of weeks. While we do expect this sort … read more Buy-and-Hold Portfolio Trade Update
Bought 5% WKHS @ $34.89 Stop $21.90 WKHS builds electric utility vehicles in Ohio. They are a bit of a risky play, in that much of their current rise is based on rumors that they are near the top of the running for a lucrative USPS vehicle fleet contract. We’re bullish the overall sector, and believe this company can continue to grow from their current $4B market cap. However, negative news on the USPS front … read more Trade Alert
Bought 20% GDXJ @ $50.40 Stop @ $47.55 Target @ $58.50 Gold and Silver are both rallying sharply for a variety of reasons this morning. The silver chart is on a big buy signal and gold is very close. Certain mining companies have even got the attention of the now infamous group WallStreetBets. While we’re not really interested in that, we are interested in the charts, and GDXJ (the junior mining stocks) have put in … read more Trade Alert