In a short trading week, there was still plenty of drama. The fallout from the margin call on Archegos had investors on edge Monday, and we are still waiting to see the effects of the SLR expiration on the 31st. Biden also unveiled his infrastructure plan, but it remains to be seen how much support it will have in congress.
Our Stock Pick
Volume: 6.5 M
Our Friday Pick’em this week is ARKX, the newest ETF from Cathie Woods. ARKX is focused on space exploration and supporting technologies, one of our favorite sectors! Since beginning trading last Tuesday, its price hasn’t changed all that much even with some impressive volume. This is a long term play though, and we’ve learned in the past that it’s not smart to bet against Ms. Woods.
Past Pick’ems Review
It was a good week for our picks, as nothing was lost to the dreaded stop loss. BGS is getting close though, and it will need to turn things around quickly. DAR and ATVI look to have recovered after flirting with their stops the last couple weeks and CNXC continues its strong performance. Hopefully we can build on this momentum and add some new stocks to our hall of fame!
|Price first |
|15% Trailing |
|Stop Loss |
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- Friday Pick’em: 06/11/21AMC happened this last week… Did anything else? We can’t remember… AMC definitely did some things though.
- Pick’em Update: 06/06/21No new picks, been a busy week. This is just an update on how our picks are doing.
- Friday Pick’em: 05/28/21After a taking last week off, we return to assess the damage, but instead were happy to see on stock nearly double! Betcha can’t guess what it was…
- Friday Pick’em: 05/14/21Welcome to the Friday Pick’em: Ape Edition! Care to take a wild guess at what stock we’re riding next?
- Friday Pick’em: 05/07/21It’s the first week of May, and it doesn’t look like everyone is selling this time. How did our picks weather the rotation? Read on to find out!
- Friday Pick’em: 04/30/21We’re smack dab in the middle of earnings season once again, and the SPY is continuing to push new highs. Let’s see if we can ride the momentum!
- Friday Pick’em: 04/23/21The markets managed to rebound after Biden announced a plan to change the capital gains tax, and another plan of his killed one of our picks!
- Friday Pick’em: 04/16/21Another good week for the markets overall, but several stocks were not so lucky… Were any of our picks affected?
- Friday Pick’em: 04/09/21Another week has come and gone and two of the three major indexes hit new highs! Read on to see what we’ve picked for next week.