3 BIG wins amid the sell-off
| | | | MarketWealth Weekender
Greetings, everyone, and welcome to a special edition of the MarketWealth Weekender. This is a new way to connect with our thousands of MarketWealth readers to give you a quick rundown of what's on our radar for the weeks ahead, and take a brief look at what we've seen the past week.
In my latest Roger's Radar video, I discussed why I think a sell-off is in the cards for the formerly sky-high Nasdaq — and the selling began Thursday with a massive 5% dip.
Friday was shaping up to be another bloodbath but all three major U.S. indexes rallied after lunch before sinking again into the close. The Nasdaq ended the day down another 1.27%, and 3.13% for the week.
In this first edition of the MarketWealth Weekender we also have two red-hot stocks for you to put on your watchlist, and discuss why Joy of the Trade's Jeff Zanarini thinks things could get dicey as we kicked off the month of September this week.
But first, even though the stock market cratered Thursday and Friday to close out the trading week, it's time to celebrate a few ...
BIG Wins
We cashed in three monster options trades from two of our premium services this week, so let's take a quick look.
From the Primetime Stocks calendar, we saw winning trades of:
- +71% on TYL ($340 Sep18 CALL)
- +40% on KLAC ($210 SEP25 CALL)
The Primetime Stocks calendar uses decades of data to find patterns that you can take advantage of to lock in gains on the exact same day each year. We'll alert you to a minimum of 52 trades a year that we'll signal a full week in advance — so you can sit back and collect profits like clockwork!
Jeff also cashed in a huge win with his Monthly Money Flows trade for August:
- +71% on MOS ($14 Sep18 CALL)
Monthly Money Flows costs less than a cup of coffee from Starbucks each month, and serves up potentially huge wins like the trade listed above.
ZM Zooms Upward
One of the hottest stocks of the week — and all of 2020 — was of course Zoom Video Communications Inc. (Nasdaq: ZM). Zoom rocketed up a staggering 41% Tuesday after reporting monster earnings in the fiscal second quarter, quadrupling its revenue and raising full-year guidance.
Zoom is one of my top stocks for 2020, and it's up almost 440% year to date. In fact, we scored on a couple of long call options on ZM back in April and May, cashing in on 92% profits from the two trades.
Zoom retreated along with the broader market from its peak of $471 a share, closing out the week just shy of $370. But the longer we remain in partial lockdowns because of the coronavirus pandemic, the more this company and its shareholders will benefit.
Looking for a Free Ride?
While Zoom is in a monster growth phase, former hedge fund insider Lance Ippolito went live on Thursday, giving away the details of his No. 1 growth stock to his Free Riders Club members.
And the best part about the Free Riders Club? Well, "Free Ride" means you never have to risk a penny of your own money!
More than 2,000 members showed up to check out his presentation. If you missed the boat, it's not too late to catch a free ride!
Click here for more information.
Also be sure and check out Lance's latest weekly video, where he discusses a stock he refers to as "The Widowmaker" — and more.
2 Red-Hot Stocks to Watch
I also recommended a couple of stocks to keep on your watchlist this week. I see tremendous upside potential for both of them well into 2021 in this COVID-19 environment.
- Varonis Systems Inc. (Nasdaq: VRNS): Varonis specializes in unstructured data like PowerPoint presentations, documents and images. The company has a market cap of $4 billion and very little competition. Varonis has the potential to see big-time upward movement in the coming months.
- Adobe Inc. (Nasdaq: ADBE): Adobe is of course much more of a household name, and its shares are well positioned for a big move up. Few companies have managed to transition to more of a software-as-a-service model. This is a mature company and yet its five-year return is 566% — and I think there's still room to grow.
Jeff Zanarini: 'September's Looking Dicey'
August was a banner month for stocks, but Jeff pointed out in a recent video that "September's looking dicey."
And if Thursday and Friday were any indication of what's ahead, we could be in for a bumpy ride this month.
When the VIX volatility index starts breaking into the high 20s, then pushes above 30 — as it did Thursday — then starts testing 40, you can see a sell-off of close to 10%. So from 3,500, you can expect to see a 300-point drop in the S&P 500 if we see the VIX break out into the high 30s again.
Signing Off
If you're looking for more compelling content to read and help you prepare for what lies ahead on Wall Street, here's what other experts at WealthPress are saying:
Thanks for being a MarketWealth reader and enjoy the rest of your holiday weekend!
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