In Monday’s Blitz Daily with Lance Ippolito, we take a look at oil name Suncor as energy stocks dip.
It was a sea of red with the S&P 500 plunging as much as 3.8% an hour into Monday’s open.
Not even the red-hot energy names could buck the trend, with the Energy Select Sector SPDR Fund losing around 3.5% on the day…
But one trader’s drawdown is another’s dip buy, and we spotted several institutional traders looking to take advantage of Monday’s pullback, including an outsized bet in oil producer Suncor Energy!
Of course that wasn’t the only stock hitting the tape Monday. I have two more top trades waiting inside…
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