1 Bullish and Bearish Trade to Watch for This Week’s Earnings

 
November 3, 2021
 
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2 No-Brainer Stocks With Major Upside Potential This Earnings Season
Unless you live under a rock or just simply missed the memo, then you already know we're smack dab in the middle of earnings season.

When I sat down to film this video, around 200 S&P 500 companies had reported their third-quarter results.

Total earnings and revenue were up 37.6%, so the proportion of these index members beating both earnings-per-share and revenue estimates is 61.4%. But looking at the calendar year as a whole, earnings are projected to climb 44.4% on 11.6% higher revenue.

So I've been pleasantly surprised by this data. In fact, there are a few large-cap stocks standing out on their own this go-round...
Get the Names
 
1 Bullish, 1 Bearish Trade to
Watch This Week
And so November begins with U.S. Secretary of the Treasury Janet Yellen fueling bullish sentiment in stocks while futures bid up to start the month.

There's also a few crucial stocks to watch the week of Nov. 1, and events we need to prepare for on the economic front...

What happens this week will play a key role in how the rest of the month shapes up in the markets — and the tone will surely be set by the Fed...

But we can't forget about earnings rolling in this week — I've got my eye on a bullish and bearish trade that'll look nice in anyone's portfolio.
I'm Watching These 2 Names
 
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A Credit Spread is an option strategy involving the simultaneous buying and selling of options with different strike prices requiring a net inflow of cash. Here, the sum of all options sold is higher than the sum of all options purchased.  The difference between the two premiums is a credit you receive, and it will be deposited in your brokerage account when you open the position. In most cases, the goal of a credit spread is to have both options expire worthless, retaining your credit as profit from the transaction.
 
 
 
 
 
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