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I talk about recessions, energy and the Fed notes today and include some of my favorite stock plays.
$REV - crazy pop yesterday with confirmation and validation
$PXD - selling at 7 times forward earnings and they make money over $40/barrel - even if oil stays at $100/barrel - you're only selling at 7 times earning and they will either return the money via a dividend or buy back stock.
$UCO / $SCO - $UCO is oversold - oil will come back
$DVN - dipped under $50 - buy it under $60 and sell over
$OXY - same as $DVN
$CLF - could have gotten it at $14 yesterday - I think anything in the $15 range before earnings is good - but still a gamble because of rising costs and inflation pricing pressure on commodities
$UNH - get it under $500 - don't touch it until earnings - but they will announce another great quarter and you'll see a 52 week high
$SPXU $SQQQ and $SARK are still in play IMO - I like these as they go down because I don't think we're done going down.
$GME - stock split - old news - play for the volatility
$TSLA - I'm nervous about earnings but we just had a MacD cross up - buy under $700 - sell over
$RIVN - up on delivery announcement - hype play
$RIO - commodities may be coming back - 13% dividend is great
$FANG - still no cross up but I like energy since it's beaten down
$GS - selling at book value - analysts all say buy when it's at that price - may be an earnings bounce
$TQQQ - this has been the play and I said buy it - you've made your 10% on this one.
Cross ups:
$CRM - interesting but I've been burned on it
$LCID - it's a hype play but the algo has done great on this name in particular
$MTR - energy with a huge dividend
$BOIL - nat gas may start to run here now
$DG - crazy good returns on this, but since it's so high, I would stay away - there are better stocks to make money on than chase new 52 week highs.