A message from our parters at InvestorPlace Hey there Reader, I only like to share things with you guys that I trust you will LOVE. And I know my Master in Trading peeps love: 1 - divergences 2 - long and short pairs 3 - and FREE stuff So, I knew you'd like it if I kicked you over an invite to my colleague Eric Fry's latest streamer, "Sell This, Buy That." Eric is a bit of a legend in our industry — mostly because he has an unmatched track record of picking stocks that go on to soar to 1,000% or higher. I think he's at 41 and counting. No joke. But what I really love about Eric is that he can project with uncanny accuracy when big name, well-loved stocks are on the verge of melting down. AND he's almost always got a an "upgrade stock" (as he likes to call them) ready to go that you can replace the losers with. Looking at this track record on these "Sell This, Buy That" pair trades is like a master class in stock picking. I just learned that it was this skill that got Eric crowned "America's Top Trader" in Wall Street's hugely prestigious investing competition, Portfolios with Purpose. In the end, he beat out everyone and the market more than 10-fold using this strategy. Today, Eric's giving our Masters in Trading crew a chance to follow his current "Sell This, Buy That" trade ideas — at no cost. These are pretty contrarian takes, but I know my people aren't scared of that. SELL Amazon. BUY[Click to Reveal] SELL Bank of America. BUY[Click to Reveal] SELL Tesla. BUY[Click to Reveal] Eric gives away all these names, tickers and full analysis right here at no cost.  Watch Eric Fry's "Sell This, Buy That" broadcast now and get 7 free trade ideas from a stock-picking legend. Sincerely, Jonathan Rose
Founder, Masters in Trading
Featured Content from MarketBeat Krispy Kreme, GoPro and Beyond Meat surge as the latest meme stock revival rolls onWritten by The Associated Press NEW YORK (AP) — As the stock market pushes into record territory and some companies trade at lofty levels, investors are once again looking for bargains among some of Wall Street's beaten down companies. The latest so-called meme stocks include doughnut maker Krispy Kreme, camera maker GoPro and plant-based meat maker Beyond Meat. Each company initially surged Wednesday before mostly leveling off, even though overall they have been struggling to notch profits. The trio stepped in for department store Kohl's and the online-based real estate company Opendoor Technologies, which fell sharply Wednesday after surging over a number of days. It's a sign of how quickly the hot meme stocks can fall out of favor. "While this activity reflects rising risk appetite, it remains isolated and has yet to challenge the broader market's calm and steady tone," said Mark Hackett, chief market strategist at Nationwide. Wall Street defines a meme stock as a stock that gains significant popularity and trading volume, primarily driven by social media hype and online communities, rather than the company's fundamental financial performance. Think GameStop and Blackberry in 2021, and a few subsequent instances. Often, meme stocks are initially the target of "short sellers," or investors betting against the stock. If other investors start buying the shares and boost the price, that could prompt the people betting against the stock to buy more shares to cushion their own losses. While this activity reflects rising risk appetite, it remains isolated and has yet to challenge the broader market's calm and steady tone. Sugar rushKrispy Kreme initially surged early Wednesday but finished just 4.6% higher, adding to its 26.7% gain a day earlier. The company has seen several years of falling profits and revenue. Wall Street expects it to post a loss for 2025. During its last earnings update, the company pulled its financial forecast for the year as it reassesses its partnership with McDonald's. Shaky frameGoPro jumped 12.4% on Wednesday to follow its 41% gain on Tuesday. The company last posted an annual profit in 2022 and revenue has been sliding for several years as it faces more competition in a market for smartphone cameras that it once dominated. Wall Street is forecasting that the company will eke out a slight profit in 2025. "Beefy" gainsBeyond Meat initially jumped Wednesday, but closed just 1.4% higher and is now up more than 20% for the week. The company has been struggling for years and has yet to notch an annual profit since going public in in 2019. The company warned in its latest earnings update that it is "experiencing an elevated level of uncertainty" and it pulled its financial forecasts for 2025. Losing momentumInvestors who buy now are betting that the momentum will continue, but it can shift suddenly. Kohl's, which operates 1,600 stores across the country, reversed course Wednesday and slipped about 14.2% following gains a day earlier. It is still up 28.4% this week. It is wrestling with a number of challenges including a revolving door of CEOs and weak sales. Opendoor Technologies shares also faded, falling 20.5% to give back nearly all of this week's gains. The stock nearly tripled last week. The stock's recent gains came as hedge fund manager Eric Jackson touted the stock on X. Opendoor faces a tough housing market, with soaring interest rates and a low supply of homes making purchases and sales difficult for both homebuyers and homeowners. Meme stock historyThe original meme stock is video game retailer GameStop. In 2021, the company was struggling to survive amid the switch from discs to digital downloads and major investors were betting against the company. Investor Keith Gill, better known as "Roaring Kitty," rallied other investors to join him in buying up thousands of GameStop shares, changing the trajectory of the stock. GameStop had been trading under $5 heading into 2021. The stock closed at $23.96 on Wednesday. The initial meme stock craze eventually fizzled out. But the frenzy occasionally reignites, as seen the past few years with sudden gains for BlackBerry, Bed, Bath & Beyond, and Chewy. It took just four weeks in 2021 for GameStop's stock to go from less than $5 to more than $120. But it has yet to touch that price again. Blackberry quickly jumped from less than $7 to nearly $30 in early 2021, but the gains were shaky and trimmed back within a year. Blackberry's U.S. traded shares are hovering just above $4. ___ AP Business Writer Anne D'Innocenzio contributed to this report.
| 
0 Response to "Sell this, buy that"
Post a Comment