WHICH STOCKS YOU CAN MAKE CRAZY PROFITS FROM THIS WEEK
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Get $100 & free Premium Discord when you deposit $500: https://tradearies.com/everythingoptions What's up everybody! Today is Sunday and everybody knows what that means, SUNDAY STOCK TALK. In these videos I always talk about important stock market news that came out over the weekend, what companies on my weekly stock watchlist, and of course, what shares I bought for my long term portfolio.
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Since the stock market rally began a few short weeks ago I've been bearish about the S&P 500 and I think that the bull run that we've seen has been fueled by false hopes. Every recession is typically caused by a Black Swan event and in order to understand this, I give an example of many black swans from 2018. This stock market recession is a little different though because it has only been fueled by a single black swan, which happens to be the pandemic we're experiencing.
Due to the pandemic, we saw the Fed cut interest rates to zero back in mark when the stock market crash began, this led to further and further selling of shares, bringing us to a bottom down 30% for the Dow Jones Index. COVID-19 is nothing like we have ever faced and has us stuck in quarantine, consuming media, and not doing any consumer spending. This leads me to believe that our entire 12 year long bull market was built on credit and now we are experiencing a credit crisis.
Even with J Powell from the fed printing money as fast as he can and stating that the Federal Reserve "will do anything in their power to keep the economy flowing as normal," the Fed cannot compete with the lack of consumer spending. The government is giving out a ton of business loans, including the EIDL loan, which may help business but if companies don't spend it wisely they might not be able to pay it back.
Boeing is a company that was hit hard by this 2020 recession and even before the stock market crash began. On Monday this week, they are looking to hold an annual shareholder's meeting possibly to discuss their company's guidance for this quarter. I think if they don't provide good guidance for Q2 2020, then BA stock price will tank even more.
Tesla on the other hand is looking pretty good as they report calling back some of their workers to the Fremont, CA factory after suspending production since March 24, 2020. Obviously, they won't be at a full workforce but this news should act as good publicity, sending the TSLA stock soaring.
The stock market drama isn't enough though, this week major tech companies, such as Apple, Amazon, Facebook, Google, and Microsoft are all releasing their earnings report this week which is going to make the S&P 500 extra volatile.
Here is my watchlist this week:
AAPL
AMZN
FB
GOOG
MSFT
VZ
AXP
TSLA
BA
I already mentioned Boeing and Tesla, I'll likely buy a straddle option on Boeing and a call debit spread for Tesla given their options pricing. For Apple, I'll likely place a put option against them, due to their reliance on consumer spending, and lack of online services that they offer. Facebook is likely to see a move similar to Snapchat since they rely heavily on ad revenue and I will probably buy a call option for them before earnings. Google will likely follow Facebook upward and I'm looking at a long term call for their company. Finally, Microsoft, I already have shares of this company and I'll likely buy a long term call option for them accordingly.
For my long term portfolio this week, I bought more of ticker symbol SDY, a dividend ETF that tracks the S&P 500, and finally, I bought 1 share of Qualcomm. Qualcomm is a leader in 5G and I think we are entering a new era for the internet given our situation with quarantine.
If you want to continue learning how to invest, how options trading works, and navigate this 2020 stock market crash, make sure to subscribe and hit the bell notification as I post new videos everyday about the stock market, options trading, and wealth management. Monday through Friday I post my full day trading options videos, Saturday I post an informative video regarding personal finance, and Sunday I post a video on my long term portfolio and stock market news.
DISCLAIMER: I am not a financial advisor. The ideas presented in this video are for educational and entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.