Market Update - 2-28-22 - There are quite a few opportunities this week

I think Target ($TGT) under $200 is a great opportunity. They report on Tuesday and have a PE of 14 vs. WMT at 27. Have a 5% stop on this one as there may be some supply chain issues, but I don't think you're in danger holding this long term. The 52 week high is $268 and you'll only need to get to $220 for a 10% pop. I don't expect that amount on earnings, but holding it will be fine. 

Costco ($COST) is another opportunity this week reporting on Thursday. If you've ever been to a Costco on Saturday, you'll know why. Their PE is 44 so it is high, but 52 week high of $577 is probably within target if they announce a membership fee raise along with a raise in their dividend. I think both could be on the table and even holding Costco for an extended period is not a bad thing. Not the best play, but a good one as it's just crossing up on the MacD. 

GOGL has been a one to buy in the recent weeks with 20%+ moves. They have a huge dividend payout coming up on March 2nd (28%). I would like to get this one today under $12 (probably not going to happen), but it might be worthwhile picking this up to get the dividend payout. Just be aware the market prices in dividend payouts AFTER the ex dividend date so expect downward pressure on the stock in the coming days. 

FCX was a monster for the past 1,000 candles and I don't think you should buy it now, but it's definitely got a trend going on and worth keeping an eye on for pullbacks. 

Best Buy ($BBY) could go up with earnings on Thursday if they have managed their supply chain well enough. Not sure about where you live, but Best Buy is still the best brick and mortar place to shop for electronics (other than maybe Costco if you're a member) 

Chevron ($CVX) and the oils are all good plays. Remember UCO/SCO, but Chevron just had a buy in our algo at $139.83. Trade that trend and I believe it continues to move up. It's clearly using the 50 day as support. 

NOT IN PODCAST - check out the chart I just posted on $ORCL (Oracle). They just had their MacD cross up, the RSI is at 45 and we have earnings coming up. 

Oh - and enjoy the "mom interruption" at the end of the podcast.