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 …
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 …
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.
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 …
So the stock market goes up everyday. Your waiting to get in, so you can buy stocks at a lower price, but the stock market doesn’t let you in. You remain prudent by waiting for your moment for stocks to go on sale so you …
I finally started a new Youtube Channel. Even though I didn’t really want to, I decided to finally go ahead and do it. For a few reason. The main reason is Youtube’s algorithm. Youtube has been showing me no love on my stock videos. I’ve been doing stock market videos on for the last 2 years or so on my EMIP TV channel, which recently was changed to Dre Trades.
The EMIP TV channel started with photography until eventually I put away my gear and changed the channel to a trucking channel. After about a year of trucking on Youtube, I changed the content of the channel again to a stock channel. A stock channel that is based on my trades and thoughts of the current market.
Well to make this a short story. Youtube didn’t know what my channel was about, so I believe it didn’t place my videos in the correct category that they should of been in. For instance, my stock videos would be suggested next to a video of someone buying a brand new Canon 5D Mark III.
So I eventually decided to put an end to that and start a new Youtube channel to where the sole content is about stocks, the stock market, stock trading and technical analysis.
I did a video about the new channel as I reached out to current subscribers and asked them if they would go to the new channel and subscribe and hit the bell. Since then, I’ve been posting strictly to the new channel. I want to change the channel name to be Dre Trades as well, but I decided to call it Dre Trades II. Once I am eligible for a vanity url from YouTube, I will rename the channel to Dre Trades and change the original Dre Trades Channel to something else.
Thanks for being patient with me and enjoy the new content. I hope you like and please don’t forget to subscribe to the new channel.
Today was an incredible day. In this video I go over a few stocks that are literally going straight up. Including a stock like Apple (AAPL). How can a 1.5 trillion dollar stock go straight up. So I look at several stocks. It appears the …
Finally changed name of my Youtube channel from “This is Dre” to Dre Trades. It’s kind of been a long time coming. I originally named it “This is Dre” because I did not want it to be a channel that was all about Trading. But …
This is the reason why I am buying Google stock (GOOGL) now. I know the title says for you to buy Google stock but it’s really the reason why I am buying Google stock. I can only tell you my reason and can’t tell you what to buy as I am just a truck driver who trades. I should say a successful truck driver who trades, but that’s besides the point. When trading, please use your own due diligence and listen to no one but the people who you deem to be qualified sources in making your financial decisions as I am barely qualified to even make my own decisions. 🙂
I got really excited going into the end of day watching Google trade on the last day of the week Thursday, July 2, 2020. When looking at a weekly chart, Google was setting up for a powerful chart pattern called and Outside Day, or Outside Week. In the case of Google stock, it would be an Outside Week.
That’s when the current open and close of the weekly bar is larger than the complete range of the prior week. This is a very powerful pattern. It basically confirms much higher prices in the weeks to come. That’s if the current bar is a bullish bar. This pattern can be a bearish pattern as well. If the current bar is a bearish bar then it’s implying that future stock prices will be negative or bearish.
So in this video, I share with you all of my trades, plus I go over the charts of Google and illustrate what the Outside week will look at. Since the close of Google on Thursday, it wasn’t a perfect Outside Week. Google fell a bit short. Even though it closed a few dollars short to complete the pattern, I am still bullish in the stock.
So today I sold some put spreads and brought some call spreads. I plan on holding them through the current earnings period. Both of these trades are bullish trades and I will profit as long as Google prices head higher. I will also profit with my sold put spread if Google stocks stays the same, goes a little lower, or goes higher. That’s the beauty of selling put spreads on a stock. You don’t have to be correct on the movement of the stock. If the price were to stay right were it is today at expiration, I will be able to close out the spread for a one hundred percent max gain.
I am very excited about Google stock going into earnings and I do think it can drift a lot higher as long as the current market can hold up.
Please enjoy the video and let me know what you think of the chart and my trades in the comments.
You witnessed on of the best trades on my life on the same day as one of the worse trades of my life was happening. I say one of the worse days because I remember the worse trade of my life which was only a …