Month: November 2020

Two Hot Stocks….DraftKings & Rocket Mortgage

Two Hot Stocks….DraftKings & Rocket Mortgage

In this video, we talk about the two of the hottest stocks in the stock market today.  Those two stocks are Rocket Mortgage and Draftkings.  Both stocks are juggernauts in this market of stocks.  So what do I talk about in this video.  Well, I 

Nio Stock is in the Clouds….Use Caution at this Altitude

Nio Stock is in the Clouds….Use Caution at this Altitude

Nio Stock has been on a tear lately so it is definitely worth taking a look at it on this blog.  It’s even better that I produced a video on it breaking down all of the technicals on the chart.  The way I do technical 

Dow 30,000 (Let’s Look at the Charts)…Plus I Show you my Trades

Dow 30,000 (Let’s Look at the Charts)…Plus I Show you my Trades

So for the first time, the Dow Jones Industrial Average reached 30,000.  So know what?  Do we continue to go higher?  Level out sideways? or start to head down?  Well, in this video, we look at all the possibilities of where the stock market could go by using simple technical analysis.  A way that everyone can see and when you can see you can plan.  When you can plan, you can profit.

Plus as an added bonus, I show you my trades.  I did a lot of trading today to position my portfolio for the next leg up.  I do feel we go higher, but the one thing that bothers me so much is I feel that the market is going higher to fast, but is it a signal?  A signal meaning that we are entering into a generational growth period.   A period like the internet/dot com era in the 90’s.  If so, we can go much higher and the gains in the market so far would make sense.

Please check the video out and let me know in the comments of the video on how you feel about the market run and the new level of Dow 30 thousand.

 

 

Workhorse Stock Going Much Higher (Ticker: WKHS)

Workhorse Stock Going Much Higher (Ticker: WKHS)

It’s time to talk about this juggernaut of a stock and that stock is Workhorse Group, Ticker symbol: WKHS. Workhorse Group designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States along with producing medium duty trucks and delivery drones.  If your 

A stock that nobodyis talking about – Abbvie Inc

A stock that nobodyis talking about – Abbvie Inc

I want to talk about the stock that no one is talking about. A stock that appears to be breaking out and possibly headed for its all-time highs. In the name of that stock is Abby Incorporated. One thing I like about trading is trying 

GoPro Stock Explodes….Quarterly Earnings on Fire

GoPro Stock Explodes….Quarterly Earnings on Fire

Quick Summary:
GoPro Q3 Non-GAAP EPS of $0.20 beats by $0.14; GAAP EPS of $0.02 beats by $0.09.
Revenue of $280.51M (+113.9% Y/Y) beats by $61.11M.
Adjusted EBITDA of $39.18M vs. consensus of $15.2M.

I’ve done a video in the past talking about GoPro and how I am a new fan.  The company has decided to run their business on a subscription basis.  I love subscription based business.  I think it’s free money.  Consumers send you money every month for a promise of services that the consumer may or may not even use. Once the company prerelease some of their early results, the stock popped about 30 percent.

Once I heard of this, it’s all I needed to know. It was that pop in the stock price that caught my attention to the stock and  after doing a little research, I decided to get onboard by buying long term leap option.  Well that moved paid off today as Gopro popped another 25 percent after a terrific earnings report.  They had much success with their subscriptions and theirs no change in the outlook.  Gross margins increased 21 percent YOY and the cash on had basically doubled.  That’s just a couple of bullet points.  I did a full video on their earnings right here.  I also disclose in the video how high this stock can actually go.

If you want to get in on some of my insights, you have to subscribe to the Youtube channel and be sure to hit the notification bell.  I don’t usually make trades based on fundamentals, but this one was too good to pass up.  It was obvious the stock price would head higher over time.  Gopro stock has been depressed for years.  Virtually, ever since the stock had it’s IPO it’s been  heading down almost to penny stock territory.  Most investors sold off this stock because they believe it doesn’t have a moat.  Amazon is filled with knock off type Gopro cameras.  Other manufactures like Sony also make action cams.  With this new subscription plan, it should give Gopro something unique from the completion and also stabilize the stock price to go higher.  Finally.

Portfolio is up 322% for the Year

Portfolio is up 322% for the Year

It’s been a great year so far.  I was doing a video and happened to mention my portfolio gains for the year and estimated it to be around 300 percent.  Knowing that it was just an estimate, I decided to look it up for real