Stocks We Like
Kyle’s favorites for next week and beyond
AMD
Volume: 53.4 M
Short%: 2.79
AMD had been on a nice run before hitting a sell off last month, but it’s starting to pick up steam again. With Intel’s next gen processors delayed, look for AMD to start eating into Intel’s market share when earnings are reported at the end of October
COST
Volume: 2.1 M
Short%: 0.64
Costco took a beating after releasing a strong earnings report on 9/24, but it’s starting to pick up steam now. Watch for this solid stock to start pushing its 52 week high again soon.
BABA
Volume: 16.2 M
Short%: 2.15
Alibaba owns a large stake of Ant, Jack Ma’s other major company. With talks of Ant going public, Alibaba should benefit greatly.
More Stocks Dan Likes
I’ve recently started running my stock screener daily in order to track successive days of all time highs. Throughout the week, I noticed several companies pushing new 52 week highs every day. For the last five days, three stocks in particular have been on my list each time without fail. All of these companies manufacture components for Solar Energy, and they aren’t the only Solar companies to be making the list either- just the ones that have been there every day. I’m certain these prices aren’t being driven by any particular industry event, it’s more likely investors are hedging their bets that if there’s a new Presidential administration then it will be good for the Solar Industry. Whatever the reason, volume is up along with price and that’s enough for me to take notice.
JKS
Volume: 4.9 M
Short%: 22.64
Jinko Solar Holding Co. has been hitting new highs with a huge surge in volume. Moving from $35/share to over $44/share and daily volumes over twice the average, this company has seen the most movement. Not surprising, as they are the only one of the three posting earnings on the positive side!
RUN
Volume: 14.9 M
Short%: 14.04
Sun Run is another solar company that has been hitting new highs. While my personal extremely tight stop loss kicked me out the morning of writing this, they are still up for the week, moving from $67/share to $76 a share. Though they didn’t make a new high today (They hit $80/share before pulling back), when they get back to $80/share I will be looking at moving right back into my position. The volume on RUN is at about 50% higher than their average, and their earning’s per share is -0.02.
VSLR
Volume: 5.7 M
Short%: 9.31
Vivint Solar is the final of our solar companies, and much like RUN they pulled back a bit today but are still high for the week, moving from $38/share to $42.40/share. Their volume is running almost twice their average, and like RUN they have a negative earnings per share at -0.72. My tight stop loss kicked me out, but I do have a price alert at $44.75 and if they get back up there I’ll jump back in.
Last Weeks Picks Review
Last week saw a nice bump in most of our picks thanks to speculation that another stimulus package could be coming. Unfortunately, our bearish picks got the same bump. As always, stocks get dropped once they trigger a trailing %15 stop after we post this list.
| Bullish Stocks | 9/24 Close | 15% Trailing Stop | Stop Loss Status | 9/24 Closing Price |
|---|---|---|---|---|
| U | $83.7 | $87.23 | Triggered 9/30 | Dropped |
| MKC | $188.73 | $167.08 | Active | $193.02 |
| SAP | $153.47 | $133.99 | Active | $156.82 |
| WIT | $4.59 | $4.17 | Active | $4.68 |
| Bearish Stocks | 9/24 Close | 15% Trailing Stop | Stop Loss Status | 9/24 Closing Price |
|---|---|---|---|---|
| OMI | $20.30 | $22.78 | Triggered 9/29 | Dropped |
| PACB | $8.93 | $10.04 | Triggered 9/30 | Dropped |
| DKNG | $53.19 | $54.16 | Triggered 9/28 | Dropped |
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.