EarningsBeats.com Digest for August 19, 2020
|
Trading Places Live!
Join Tom Bowley for a briefing on market activity on Mondays and Wednesdays from 9-9:30 am EST before the opening bell. Click here to listen live or visit our YouTube page later today to view the recorded session.
"Top 10 Stock Picks" Webinar is
Here!
Tonight, at 5:30 PM EST, EarningsBeats.com Chief Market Strategist Tom Bowley unveils
his Top 10 Stock Picks for 4 specific portfolios - 40 stocks in all. The idea is to have 10 equal-weighted stocks in each portfolio - 10 leading stocks that are HUGE relative strength winners to ensure that your money is working hard for you. These stocks are meant to be held for the 90-day period following selection and until a new list of stocks is unveiled. Here are our 4
portfolios:
- Model
Portfolio
- Aggressive
Portfolio
- Income
Portfolio
- Strong AD
Portfolio
Since inception in November 2018, the Model portfolio has SMASHED the S&P
500!
- Model portfolio: +128.56%
- S&P 500: +25.98%
For this past quarter - May 19-August 18 here are the results:
- Model portfolio: +36.10%
- S&P: +15.97%
In order to attend the Top 10 Stock Picks tonight you must be a subscribing member of EarningsBeats.com. You can sign up for our 30 day NO COST trial by clicking on the link below.
You DON'T want to miss "The Event of the Quarter!"
Jumping into the "Eye" of the Storm
One of my favorite scans that we offer to our EarningsBeats.com members is the "Downtrend Reversal" scan, which is a way to capture stocks that have been downtrending upon their first sign of recovery. First of all, we run this scan NOT against the entire universe of stocks, but rather against our already-researched ChartLists of top quality names. Next, we check to see if other technical conditions line up bullishly. I think FireEye, Inc.
(FEYE) fits this strategy quite well, as it was passed on to members earlier today. Check it out:
FEYE had printed lower intraday price highs for 5 consecutive days, but finally broke that streak on Tuesday, clearing the Monday intraday high. The green arrow above shows that FEYE is also testing its 20 day EMA for the first time since its huge earnings-related gap higher in late-July. If FEYE loses support near 14.50, then the June high close just below 14 becomes the next area of support, followed by the bottom of gap support at 13.38. I
believe there's a good chance that FEYE holds this 20 day EMA, but we'll see.
(Disclosure: I own shares of FEYE)
Happy trading!
Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
|
|
|
