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Pick'em

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?

Amid the backdrop of new all time highs for the S&P and the beginning of earnings season, banking stocks did very well. Unfortunately, several other past favorites did not fair so well. JMIA, BBBY and SPCE in particular were hit hard, and the alternative energies stocks continued their decline. But did it affect any of our current picks? Read on to find out!

Click for 04/09/21 Recap

Our Stock Pick

WFC
Volume: 57 M
Short%: 1.22

Dan’s Friday Pick’em this week is Wells Fargo, a banking company that needs no introduction. WFC saw increased volume and price after reporting good earnings, and they have already been trading above their moving average for nearly a month. With the government announcing it will lift restrictions on share buybacks and dividends for most banks, this stock has a lot going for it.


Past Pick’ems Review

This week we were finally rewarded for sticking with SAP, as it has finally started to come to life. BUD also started moving after a lackluster performance since its selection too. We finally lost DAR, although it did rebound to close the week out and PLTR was hovering near it’s stop loss after a promising start.

Bullish
Stocks
Price first
Appeared
15% Trailing
Stop
Stop Loss
Status
03/12
Closing Price
SAP$108.00$118.74Active$139.30
DAR$42.35$67.91Triggered
on 04/13
Dropped
DLB$84.60$88.02Active$102.10
ATVI$84.27$88.85Active$96.95
BUD$65.35$58.00Active$68.14
CNXC$124.89$133.66Active$154.54
MO$50.45$44.69Active$52.31
NUE$80.00$70.35Active$79.50
ARKX$21.27$18.08Active$20.97
PLTR$24.52$22.27Active$22.47
Stocks that trigger the stop loss are dropped from future updates.

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