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Friday Pick’em: 11/13

Election results and vaccine progress caused quite the stir in the market since our last edition. See what stocks piqued our interest this week.

First off, we’d like to thank all the people out there who are or who have served our country. Here at Financial Ineptitude, we are grateful for your sacrifices and we hope you were able to enjoy your Veteran’s Day.

A lot has happened this past week, with the election results going in Biden’s favor on last weekend and Pfizer announcing extremely positive results for their Covid-19 vaccine. Tech stocks took a bit of a hit early in the week due to sector rotation on the news, while the stocks who’ve been beaten down due to Covid-19 restrictions started showing life. Here are some of those that have caught our eye this week.

Click for 11/05 Recap

Kyle’s Stock Picks

BE
Volume: 4.7 M
Short%: 16.92

Bloom Energy- This stock had made my watchlist months ago after they it was announce that two Los Angeles power plants were using Bloom’s fuel cells. I had originally been looking at it as a stock to short, but with Biden winning the election, I’m bullish on alternative energies. I also like stocks that have large insider buys as well


FUTU
Volume: 4.1 M
Short%: 2.03

Futu Holdings- Since election day, this stock has been on a run. Volume is double it’s 10 day average, so something is up. Some of it’s run can be attributed to the vaccine results earlier in the week, but I think something else is going on. Maybe they are benefiting from somehow from Alibaba’s self sabotage of the Ant IPO?


Dan’s Picks

IIVI
Volume: 1.08 M
Short%: 14.00

 IIVI – II-VI Inc. is an electronics manufacturer that’s been rocking 7 days in a row of new 52 week highs. Their volume evened out today, but has been high over the last week, including on November 5th when they reached over four times their average volume. The company has been rated as a Top Ranked Growth Stock by Zacks this week, and they maintained an overweight rating by Morgan Stanley last week. On top of all that, they had a solid earnings beat just last week. Tech stocks have been seeing some volatility and may not fit into your stock plan but IIVI has a lot going for it and could keep rising through December.   


Last Week Stock Picks Review

Two big wins for Dan’s picks and one big dud from Kyle. FTCH and DLB both posted strong earnings last week, while BIIB tanked on Monday (although you’d be pretty happy if you bought it after the fall as it rebounded nicely). NIO triggered it’s stop loss after rising over $20/share since it first appeared on this list. We also lost BABA after Jack Ma decided to criticize his totalitarian government’s financial institution.

Bullish
Stocks
Price first
Appeared
15% Trailing
Stop
Stop Loss
Status
11/13
Closing Price
BABA$288.17$271.42Triggered
on 11/10
Dropped
COST$355.01$331.08Active$378.84
SAP$108.00$102.37Active$120.31
AOS$57.19$49.34Active$55.07
DAR$42.35$42.19Active$47.40
INFY$15.26$13.30Active$15.29
APAM$45.81$40.53Active$44.05
NIO$31.39$46.07Triggered
on 11/13
Dropped
BIIB$348.00$295.80Triggered
on 11/09
Dropped
FTCH$42.50$42.81Active$45.67
DLB$84.60$74.06Active$87.20
Stocks that trigger the stop loss are dropped from future updates.

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