Earnings season is back and claiming its first casualties as big banks failed to impress Thursday morning…
And who said to avoid the boring banks during Wednesday’s WealthPress Live Roundtable? You bet I did!
Sure, those stocks might have a great book value, but that didn’t keep those financial stocks from getting crushed!
Not like I’d be interested in trading those stocks. As you know, I’m an aggressive trader.
My strategies don’t target long-term investments that lock up cash for months or years. Instead, I follow institutional order flow into short-term, inexpensive options because the way I see it, they offer better reward for the risk!
So where am I seeing aggressive flow Thursday? Well look no farther than the King of the Tech world, Apple.
The iPhone maker is set to report earnings in just two weeks at its July 28 event, and bullish traders laid down a massive bet that Apple will come out on top…
And there were other big-money options flow that caught my attention today. There’s another top tech name waiting inside…
Did you miss this week’s WealthPress Live Roundtable? Catch the replay video below…
And be sure to join WealthPress Senior Strategist Roger Scott, Joy of the Trade’s Jeff Zananiri and me each Wednesday at 11:30 a.m. EDT for the WealthPress Live Roundtable, where we’ll discuss the biggest topics on Wall Street.
In this week’s roundtable, we covered:
Earnings season! What sectors and stocks we’re watching and why.
Plus what you need to know about trading options during earnings season…
What a strong U.S. dollar means for big, multinational companies.
Whether or not travel stocks are doomed.
And more!
Be sure and tune in every Wednesday at 11:30 a.m. EDT for the WealthPress LIVE Roundtable!
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Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.
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