Stocks Kyle Likes
AOS
Volume: 1.6 M
Short%: 4.43
A.O Smith Corp has been hitting new highs the last month and seeing increased volume, with a nice spike today. We’re guessing people are expecting good things when they report their earnings on Oct 29.
CVNA
Volume: ~1 M
Short%: 27.42
The used car industry has been hot lately, as several salesmen I’ve spoken to have told me they are having trouble getting inventory. A company set up to sell cars online should have done well this last quarter and other investors should be expecting the same. They are scheduled to release earnings at the end of the month, se are recommending buying now to ride the hype and looking to sell the day before earnings are released as the market has been extremely hard to please this year.
More Stocks Dan Likes
DAR
Volume: 1.8 M
Short%: 1.67
Coming in off of 5 straight days of hitting 52-week highs is Darling Ingredients was announced as a “Buy” rating today by Tudor Pickering with a price target of $47, as well as a September 28th “Outperform” rating by Credit Suisse. They’re currently trading at $42.35/share with a decent 40% uptick in volume and only 1.46% short interest.
CRDF
Volume: 1.4 M
Short%: 4.12
I’ve been watching Cardiff Oncology hit my screener and then disappear for a few months now, and it seems to be following a cycle that’s pushing it higher and higher with each run up the chart. Yesterday Piper Sandler initiated an “Overweight” rating and they set a price target of $25. They were trading at $17.25 at last check. And for the record, before we started Financial Ineptitude, I saw CRDF hit an all time high back in August as it passed $5.00 a share. Then I saw it again in September when it passed
$7.50 a share. Now it’s October and it’s up over $17 a share. This is a Friday pick to keep your eye on!
Last Weeks Picks Review
Another solid week in the books for our picks, as all but one stock ended the week higher. As always, stocks get dropped once they trigger a trailing 15% stop after we post this list.
| Bullish Stocks | Price first Appeared | 15% Trailing Stop | Stop Loss Status | 10/09 Closing Price |
|---|---|---|---|---|
| MKC | $188.73 | $167.39 | Active | $196.11 |
| BABA | $288.17 | $257.22 | Active | $299.74 |
| WIT | $4.59 | $4.68 | Active | $5.40 |
| AMD | $81.80 | $75.41 | Active | $83.10 |
| COST | $355.01 | $314.29 | Active | $369.46 |
| SAP | $154.29 | $134.05 | Active | $157.14 |
| JKS | $44.13 | $53.80 | Active | $62.84 |
| RUN | $76.45 | $70.01 | Triggered 10/08 | Dropped |
VSLR and RUN merged on 10/11
Recent Pick’ems
- Friday Pick’em: 07/09/21Our pick from last week did not fair so well… but this time will be different, we swear!
- Friday Pick’em: 07/02/21Rising fears of inflation and predictions of massive crashes can’t stop the market from hitting new highs… looks like it’s still “game on,” at least for the time being
- Friday Pick’em: 06/25/21TSLA, ROKU and SPCE all had major moves this week, too bad none of them were on our list. Maybe we can pick one of next week’s movers though…
- Friday Pick’em update: 06/18/21No new picks this week, just updating the list.
- Friday Pick’em: 06/11/21AMC happened this last week… Did anything else? We can’t remember… AMC definitely did some things though.