Senior Strategist Roger Scott just went live to reveal his No. 1 Frontrunner Stock for the rest of 2022…
Not only that, but he also discussed the core factors behind what he calls “Frontrunner Stocks,” how to build your own custom ETF, portfolio management and more.
He even went into great detail on the formula used to backtest the Frontrunner Portfolio, and shared the results!
The S&P 500 and the Nasdaq are both up on strong inflation data, and the order flow is rolling in like a tidal wave — you love to see it!
But even in a wave this big, it’s easy to spot a pattern in the names hitting the tape…
They’re mostly high-valuation, high-growth names that have ugly, beaten down and bloody charts.
And oh baby, when these names squeeze, they squeeze hard — and that’s what we saw happen in the market this week.
Just take a look at our good friend Upstart Holdings… This fintech’s shares dropped around 12% after missing analyst estimates earlier this week and cutting forward guidance for 2022.
But with a short float of over 35%, the bullish sentiment soon helped share prices squeeze as much as 17% higher!
Did you miss this week’s special Blitz vs. Burn trader’s edition of the WealthPress Live Roundtable?
In this week’s roundtable, we covered:
Wednesday morning’s CPI inflation number came in below expectations, setting off a buying frenzy on Wall Street — see how we’re trading it.
Meme stocks are BACK, but will it continue — and are they worth trading?
The most important things you need to trade this market — and the biggest mistake people make.
Details about our upcoming Blitz vs. Burn Trade-a-Thon!
And more!
And be sure to join Senior Strategist Roger Scott, Joy of the Trade’s Jeff Zananiri and New Money Crew’s Lance Ippolito each Wednesday at 11:30 a.m. EDT for the WealthPress Live Roundtable, where they’ll discuss the biggest topics on Wall Street.
Volume is the number of shares bought and sold each day in any given financial instrument. High volume suggests there’s heightened interest in a financial instrument. And when combined with a move higher in share price, that’s often a signal of strong upward momentum. Keeping an eye on volume will ensure that you’re on the right side of the trade.
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