EarningsBeats.com Digest for March 3, 2021
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January Gains Have Fizzled, But The Rally Might Not Be Over
The January short squeeze rally ended and it's left some heavily-shorted positions in a rather uncomfortable position. After significant rallies in the second half of January, we've seen tremendous drops in a number of these equities. But the question is.....which might be solid investments as we move forward? That's a difficult question, but I'd focus on those that have stronger long-term track records. In other words, which stocks were
already strengthening before it became fashionable to buy heavily-shorted stocks? Enter National Beverage Corp (FIZZ). The stock has lost half of its market cap over the past 4-5 weeks, but the longer-term bullish trend remains intact:
Soft drinks have not been the best area of the market, but select companies have done quite well. One of our portfolio stocks recently, Celsius Holdings (CELH) soared in recent months and now is consolidating those gains. FIZZ is another that's performed exceptionally well over the past year, despite the post-short squeeze selling that we've seen over the past month or so. I expect the 45-50 area to provide excellent support. After
short-term consolidation, don't be shocked if FIZZ begins to regain the steam it was building throughout 2020.
Happy trading!
Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
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