While we could see a good deal of volatility in 2024, with the election, markets could see higher highs. All with the Federal Reserve saying it could cut interest rates three to four times in 2024.
“The major takeaway from the December policy meeting is that the Federal Reserve is forecasting a soft landing, full employment and intends to reduce its federal funds policy rate by at least 75 basis points in 2024 to support the ongoing business expansions,” wrote Joseph Brusuelas, chief economist of account firm RSM, as quoted by CNN.
That being said, investors may want to look at stocks that could benefit in a lower-rate environment. Some of the top ones include:
First Solar (FSLR)
Over the last several months, solar stocks lost their flare.
The option “backspread” can be an excellent strategy under the right market conditions. In the language of options, a multiple option strategy in which you are long more options than short is called a backspread. It may also be called a “ratio backspread” since there is a ratio of long to short options (often 1-to-2, or 1-to-3).
This strategy might be used when:
The trader sees the potential for a significant move in a certain direction, but doesn't want to lose money if the market moves in the opposite direction.
Implied Volatility in the out-of-the-money options is very low, but the trader expects volatility to rise sharply when the move begins.
Elite Wall Street trader, Joe Duffy, is allowing a limited group of future-elite investors into his masterful daily trades at thousands of dollars less than what others charge.
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The first profit opportunity we will review is a stock purchase in ALKT, or Alkami Technology Inc. ALKT is a cloud-based digital banking solutions provider principally for U.S.-based financial institutions.
The monthly chart shows that ALKT closed above the monthly moving average line every month since May. If the stock price is above the moving average line, the trend is up.
The daily chart shows that ALKT has been rising steadily since the chart started in May. ALKT has been trading inside the Upper Keltner Channel Line since early November. That’s a very good sign of strength!
We recommend buying ALKT Stock at the current price level.
PLEASE READ: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by TradeWins. For additional information on auto-trading, you may visit the SEC’s website: All About Auto-Trading, TradeWins does not recommend or refer subscribers to broker-dealers. You should perform your own due diligence with respect to satisfactory broker-dealers and whether to open a brokerage account. You should always consult with your own professional advisers regarding equities and options on equities trading.
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