The survey reports the attitudes of flying among 9.500 respondents in 12 nations. Just 14% of Americans are open to traveling by plane today, and another 14% within the next month. But another 18% say they won't take to the skies without a vaccine or until the virus has disappeared.
Airline stocks were back in the red on Wednesday morning as investors continue to take profits from Monday's rally. AAL was off 0.8%, JBLU slid 0.6%, and UAL dipped as well.
This Trend Is Here to Stay
Forget this massive rotation out of growth companies in the digital economy.
Remote work is here to stay, says the CEO of IBM. In an interview with CNBC, Ginni Rometty said that she doesn't expect "technology trends" will "reverse themselves." Rometty projects that we will see a "hybrid" model where some people operate from offices and others stay home.
Telecommuting, digital health, online education, and other companies in the "virtual space" are seeing their stock prices fall fast this week.
That has created a string of buying opportunities if you use the right strategies. I've unveiled my top virtual stock of 2020 in a recent report and have started using put options to pick my entry points on my favorite stocks.
This is the time to be ACTIVE in the market.
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MY STOCK WATCH LIST
ACB: Bad day for Aurora Cannabis. Shares plunged more than 26% on Tuesday after the company announced plans to issue a new share offering. Shares are off another 16.3% after the company said it planned to raise another $125 million by issuing shares at $7.50. This is a stock in a freefall. Meanwhile, Trulieve Cannabis Corp (TCNNF) continues to rally higher. Shares hit $26.50 on Tuesday. There's still time to jump in as the company has a price target of roughly $60.00, according to analysts.
AHT: What went up… it came down. Yesterday's rally at Ashford Hospitality Trust was short-lived. As day after shares rallied more than 200% on vaccine optimism, AHT stock has retreated back to earth. Shares remain under pressure as reality sinks on the timing of deployment around a vaccine and the uncertainty surrounding the hospitality REIT sector heading into 2021. It's not really one of the stocks that I expect to rebound.
AMAT: Boy do I love selloffs that drag great tech companies lower with the broader market. Applied Materials is a rock-solid semiconductor company that dropped 2.7% yesterday because of the broader sector. Well… here's a stock with an F-score of 9, an Altman Z Score north of 6.9. It has a consensus Buy rating with a price target of $76.73, and the lowest price target is $65. So, that January 15, 2021, $65 put that last traded at $2.74 is looking incredibly attractive right now as a two-month trade. Hard to look at that price target and not want to enter the stock. This could be a perfect Portfolio Accelerator trade in the near future. If it falls under $65, I'd be happy to own this rock-solid stock. It if doesn't, then I'd just pocket the premium for the put contract.
HNNA: Hennessy Advisors is a company you've never heard of. But insiders own at least 20% of the company and it pays a 6.4% dividend. It's a tiny little $69 million company with AUM north of $3.7 billion. Its website looks like it was developed in 1999. But combine that insider ownership with that dividend, and you've got an alternative income strategy stock that is going to perform. If the dividend falls under 6%, cut it if you'd like. But I think this is a company with an upside of around $11 in the months ahead.
OTHERS TICKERS TO WATCH: BRKS, PTON, GBOKF
Enjoy your day,
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