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Friday Pick’em: 04/09/21

Another 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.

Coming off of Easter weekend, the S&P 500 and DOW hit new all times highs, and the NASDAQ is inching up towards its as well. While the broader markets have been rising overall, a couple of the sectors that had been enjoying huge gains in the last few months did not fair as well. Real estate was down 1.23% and Energy was down 2.59% (-7.52% in the last month!). As expected with the markets hitting new highs, our previous picks also did well.

Click for 04/02/21 Recap

Our Stock Pick

PLTR
Volume: 54 M
Short%: 3.42

Our Friday Pick’em this week is Palantir Technologies, a software company that builds platforms for commercial and government institutions. After debuting in late September, the stock enjoyed a nice run, peaking at $45 a share a couple months ago. This stock has since settled out after bottoming out just under $22 and looks poised to start moving again. Cathie Woods has been buying up shares like crazy in recent weeks, so we’re looking to follow suit!


Past Pick’ems Review

As previously stated, most of our picks ended the week positive with the exception of BGS, which triggered its stop loss on Friday. CNXC continues to push new highs while SAP looks to finally be coming back to life.

Bullish
Stocks
Price first
Appeared
15% Trailing
Stop
Stop Loss
Status
03/12
Closing Price
SAP$108.00$114.73Active$133.79
DAR$42.35$67.91Active$74.07
DLB$84.60$87.11Active$101.52
ATVI$84.27$88.85Active$95.78
BUD$65.35$55.90Active$65.39
CNXC$124.89$132.63Active$154.00
BGS$30.25$29.19Triggered
on 04/09
Dropped
MO$50.45$44.69Active$51.49
NUE$80.00$70.35Active$80.29
ARKX$21.27$18.08Active$21.03
Stocks that trigger the stop loss are dropped from future updates.

Recent Picks

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  • Friday Pick’em: 04/30/21
    We’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!
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    The 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: 04/16/21
    Another good week for the markets overall, but several stocks were not so lucky… Were any of our picks affected?
  • Friday Pick’em: 04/09/21
    Another 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.
  • Friday Pick’em: 04/02/21
    A short week with plenty of action, from a historic margin call to a mega infrastructure plan. But something else has our attention this week!
  • Friday Pick’em: 03/26/21
    Dan combs through his screeners to bring us this week’s pick, one that has been on a roll all year and looks ready to breakout past it’s all time high!
  • Friday Pick’em: 03/19/21
    It was an up then down week for the NASDAQ as inflation concerns flare up again, and one of our previous picks pulls a Houdini!
  • Friday Pick’em: 03/12/21
    Last week saw the NASDAQ recover from it’s correction, something our picks needed after the beating they took!
  • Friday Pick’em: 03-06-21 (Sunday Edition)
    A couple days late but hopefully not a dollar short, here is are picks for next week. No Tech this time!

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