With summer just weeks away already, many of us are scrambling to get back into shape. So, we went hunting for some of the top stocks that could move as the weather warms up.
One of the top ones is WW (WW), formerly Weight Watchers.
Sure, the stock was severely beaten down on slowing growth, but its latest acquisition may have breathed new life into it. Its latest acquisition of Sequence could be a game-changer for WW International. In fact, DA Davidson analyst Linda Bolton Weiser has a buy rating on the WW stock with a $9 price target.
The analyst noted: The company's acquisition of Sequence and ability to offer scripts for Wegovy is a "game-changer". Over 70% of WW members are obese and possible drug candidates, and if the company trades up just 10% of its obese North America subs to $99 monthly drug maintenance, it could add over 50% to North America sales.
Even Goldman Sachs analyst Jason English just upgraded WW to a buy rating, with a price target of $13 from $3.80 a share.
Better, with the acquisition, WW enters the prescription drug and clinical weight loss segment. In addition, Sequence clinicians can prescribe medications like Novo Nordisk's Wegovy and Saxenda, and Eli Lilly's Mounjaro.Currently, Wegovy and Saxenda are approved drugs for obesity in the United States, with tirzepatide also widely expected to be approved for it later this year, as noted by a Seeking Alpha article.
The bid and ask prices are known as the “natural” prices of the option. The bid price shows what the option may be sold at right now, while the ask price shows what the option may be bought at right now. To explain this, think of the bid price as the wholesale price, and the ask price as the retail price. It would be great to be able to buy options at the wholesale (bid) price and sell them at the retail (ask) price. However, the off-floor trader (anyone who does not work at an exchange), cannot do this. The bid and ask prices represent at what point the option can be bought and sold right now.
Trading off these prices alone would be like going to a car dealer, and not negotiating price. If you walked into the car dealership you will see the “sticker” price on the car. No one pays the sticker price.
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The first profit opportunity we will review is in VIST, or Vista Oil & Gas, S.A.B. de C.V. VIST is engaged in the energy sector. It focuses on the identification, acquisition and development of oil and gas fields primarily in Mexico, Argentina, Brazil and Colombia.
The monthly chart shows that VIST just hit a new record high. A new record high is a positive sign for the bulls.
The daily chart shows that VIST has been moving steadily higher since the chart started in July. There are no signs of a peak in the movement.
We recommend buying VIST stock at the current price level.
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