EarningsBeats.com Digest for February 22, 2021
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Top 10 Stock Picks Webinar - Attendance Record Smashed!
Last night's "Top 10 Stock Picks" webinar was packed! EarningsBeats.com Chief Market Strategist Tom Bowley unveiled his Top 10 Stock Picks for our 4 portfolios; Model, Aggressive, Income and Strong Accumulation/Distribution (AD) - 40 stocks in all.
This coveted list of stocks is available to all of our subscribing members, including those who are on a 30 day trial. If you want to get access to the 40 stocks Tom has identified as those he feels will outperform the S&P 500 over the next 90 days, click on the link below to start your NO COST 30-day trial membership! And for those of you who aren't aware, just check out the table below to see how prior picks have
performed.
This Stock's Next Rally Could Be BEYOND Belief
If you're someone who likes to invest based on potential themes as we move forward, you might want to consider Beyond Meat (BYND). A little more than 3 weeks ago, BYND struck a deal with Pepsi (PEP) to deliver plant-based snacks. Many consumers have become more health-conscious and are focused on environmental impacts. BYND is a company that those consumers/investors might want to keep on their radar. After striking that deal with PEP,
BYND soared from its close of 158.73 on January 25th to an open the very next day of 218.90. The technical phrase for a stock returning to that prior close is "filling the gap", which BYND has now done:
The above 2-year chart shows that BYND still has some work to do, but the potential is clearly there and we now wait for technical confirmation. It's also worth mentioning that BYND has a short % of float totaling 20.87% and it's included on our Short Squeeze ChartList. Those wanting to buy BYND, yet keep a very tight leash on it, could
consider gap support as a closing stop. I've highlighted what I believe is a solid support zone if you want to consider multiple entries within this zone to build a position during any further price weakness. A return to that 220 level, and eventually BYND's all-time high just shy of 240, is one very distinct possibility in 2021. One key will be BYND's earnings report, which is scheduled for Thursday, February 25, 2021 after the market close.
Happy trading!
Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
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