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Pick'em

Friday Pick’em: 01/29/21

With GME and other shorted stocks having Hedge Funds in trouble, Market uncertainty abounds. But how did it affect our picks?

GME continued to make headlines this week, along with several other stocks with high short volume. If you need to catch up on what the big deal is, check out our bonus episode of 2 Bulls that was released early on Thursday. We’ll be discussing it more this weekend when the newest episode is released Saturday evening as well.

Click for 01/22 Recap

Kyle’s Stock Pick

VXX
Volume: 123 M
Short%: N/A

I normally don’t normally nominate non-stocks, but this ETN feels like a better bet to get into the action of the GME insanity without having to buy extremely volatile stocks. It tracks short term volatility, so it will increase in value if the market reacts sharply up or down next week. With the possibility of the biggest short squeeze ever seen on the horizon as early as next week, this is my pick.

Dan’s Stock Pick

CONN
Volume: 590 K
Short%: 11.92

Conn Inc. is a specialty retailer of furniture and related accessories. The stock had been trading in a pretty well defined $11-$14/share box for the last two months with an upward price channel during that time. On Friday it broke through the $16 ceiling and established a new 52 high, making it a prime “Darvas” stock. With the real estate market as hot as it is, it’s not surprising to see a home furnishing retailer expanding while so many other retailers struggle.


Past Pick’ems Review

Market uncertainty with regards to the GME situation caused a total of 4 of our stocks to drop off our list. We’re most sad to see FTCH and JWN go, as they had been all-stars for us for the last couple months. STNE and XME triggered their stop losses as well, for a small net gain between the two of them. We have a feeling we will lose a few more before this GME thing resolves itself.

Bullish
Stocks
Price first
Appeared
15% Trailing
Stop
Stop Loss
Status
01/29
Closing Price
SAP$108.00$114.73Active$126.20
DAR$42.35$58.82Active$62.01
FTCH$42.50$55.71Triggered
on 1/27
Dropped
DLB$84.60$82.88Active$88.03
IIVI$59.97$81.81Active$93.87
STNE$70.96$74.15Triggered
on 1/27
Dropped
JWN$22.22$35.89Triggered
on 1/28
Dropped
XME$32.50$32.29Triggered
on 1/27
Dropped
ATVI$84.27$81.49Active$91.00
LOGI$102.95$89.73Active$104.11
AMD$94.14$81.36Active$85.64
Stocks that trigger the stop loss are dropped from future updates.

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