This past January was one of the worst months the stock market’s seen since the global financial crisis of the late 2000s, with the S&P 500 ending the month down 5.3% as investors flinched over things like rising interest rates and slowing corporate profits…
These two things sent stocks tumbling across the board!
But the past few weeks have also added an additional complication: the threat of war!
Geopolitical risks are notoriously hard to price into the market. But several analysts have said
rising tensions over Russia potentially invading Ukraine has spread weakness from tech stocks to the broader market…
If you’re trading these markets, then hats off to you because it’s a hot, ugly mess of red…
And 3M Co. was one of those names smacked with the ugly stick on Thursday after its latest stock downgrade from the stuffed suits over at Morgan Stanley.
With headlines of omicron outbreaks fading and sales of masks and other pandemic-related personal protective equipment slowing down, the Wall Street financial gurus lowered their price target to $150 per share. The news helped sink the struggling stock as much as 4.2% from Wednesday’s closing price.
Bearish options traders smelling blood rolled in Thursday and snapped up over 1,000 contracts of the April 14 $145 strike puts for around $440,000 in premium!
But if you don’t think 3M’s low prices are likely to stick, New Money Crew Head Trader Lance Ippolito has found two more hot options plays burning up the tape…
I do a ton of sector analysis and use back-tested, proven strategies to beat the market. I use proprietary formulas based on relative strength to track the top 5 strongest stocks… You know, the ones I send you in my new weekly watchlist. But now I want to know which stocks you’d like to see rankings for! All you have to do is reply directly to this email with your tickers!
A lot of people want to know how to trade stock market volatility, and for good reason… That’s because volatility is the tail that wags the dog on Wall Street.
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