Last week, I was supposed to talk to you about earnings.
But the market moves fast – and we have to do what we can to keep up. So, when the market started to fall, we switched topics. And I gave you a trade on UVXY to fade the red market – one that’s already in the green after just two trading days!
You can track that trade on the Profit Takeover portfolio right here. But what about your next one?
Well, it’s coming on Wednesday, July 14 at 10:30 a.m. ET – that’s when I’m going LIVE again. This time, I’m talking earnings – and bringing you my second-best earnings trade.
But what about my best?
Well, that’s reserved for an exclusive group of people – those who have signed up for Profit Takeover text alerts.
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VIX Traffic Light
Last week, the VIX spiked to over 20 – but it didn’t settle there. As I type, it sits at about 16.5.
When the VIX jumps like this and then wanes quickly, it’s not a warning sign for stocks – quite the opposite, in fact. This signifies bullish action. It means money is rushing into the market.
And that’s exactly what we saw on Friday, when the S&P hit a new all-time high.
Right now, the VIX futures curve remains in a steep contango, which points towards continued bullish action for stocks:
Add it together and today, we’re looking at a red light for the VIX and a green light for the S&P.
It’s a big week – especially since Q2 earnings season is about to kick off. And I’ve got my eye on all five of these names for some big moves – both up and down.
- Apple Inc. (Nasdaq:AAPL)
AAPL refuses to be brought down. It’s up again today, and the big tech name looks ready to blow past $150. I’m looking to play AAPL ahead of its July 27 earnings report.
- Carnival Corp. (NYSE:CCL)
Cruise lines and travel stocks have been so hated and beaten down – but now, they’ve been beaten too far. CCL is way overdone on the downside right now. At just under $24, I see this name making a run back to $30 in the coming weeks.
- Southwest Airlines Co. (NYSE:LUV) & other airlines
Like cruise lines, airlines have taken a beating as of late. And I wouldn’t suggest being in any as a long-term hold. But stocks like LUV, American Airlines Group Inc. (Nasdaq:AAL), and United Airline Holdings Inc. (Nasdaq:UAL) have room to run higher after their recent beating – and they’re great for short-term bullish trades.
- Goldman Sachs Group Inc. (NYSE:GS) & other banks
The financials kick off Q2 earnings season this week, and I’m keeping a close eye on them all – specifically GS, Morgan Stanley (NYSE:MS), Citigroup Inc. (NYSE:C), and Bank of America Corp. (NYSE:BAC).
- NVIDIA Corp. (Nasdaq:NVDA)
We’re getting close to a NVDA stock split, set to occur on July 20. And so far, it’s doing the classic stock split move – the same one we saw in stocks like AAPL and Tesla Inc. (Nasdaq:TSLA).
Here’s the story – the stock rides up into the split, then drops pretty significantly after. So this week, I’m watching NVDA to see if it continues this pattern… and how we can play it.
Today’s Impact Money Trade
I’ve liked Walmart Inc. (NYSE:WMT) as a stock for a while now.
As Amazon’s biggest competitor, WMT has a ton of potential. It may be down year-to-date right now, but to me, that just means it has more room to run.
And I’m not the only one who thinks so:
Click To Enlarge
These traders are betting on a WMT run to above $145. As I type, it sits just below $140.
This trade could turn that $5 run into a pretty impressive asymmetrical profit, especially considering the cheap $0.20 price tag on this option right now.
And that’s all for today. But before I go, be sure to sign up for Profit Takeover text alerts ahead of Wednesday’s event – it’s the only way to receive my bonus top earnings trade.
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July 12 2021