What's going on traders? What plays are you putting on? I have been stuck in the mud over the last couple of weeks, mostly going nowhere with my holding. At the moment, it feels as though the market is in no-mans-land.
It seems as though this trade war will drag on for an extended period of time. If that's the case, companies that have ties to China might continue to be punished. Therefore, positioning one's portfolio in businesses with little to no exposure could be a winning play. Here are a couple of plays that I hope will get me back on track:
Yesterday, I bought TWTR. Donald Trump could single-handedly keep the upward momentum in this stock. The guy continues to send out endless rants of must-read tweets and is likely to keep the eyeballs on the Twittersphere. With those eyeballs, comes advertising dollars. TWTR has become the must be place for up to minute news. It won't surprise me if this stock continues to run into the 2020 election. If Trump losses the election, perhaps twitter turns to crickets, and that will be the time to get out of the stock. But until then, I will remain long.
Another stock I love is Under Armour. The company seems to have its swag back. Steph Curry (who reps the UA brand) certainly does, as he torches the nets and proves that he is one of the greatest players in the NBA. As the finals approach, I could see UA riding the coat tail of the Warriors success. Steph Curry is in the process of building a dynasty; perhaps the stock will come along for the ride.
The company trades at $21, well off its five year high of $46. After an upgrade from J.P. Morgan, the stock seems to have a lot of positive momentum. For these reasons, I will remain long UA for the foreseeable future.
That's all I got. Gl trading talk to you soon!
Note: I'm not a financial advisor. All opinions are mine. Investing involves the risk of loss. Invest what you are willing to lose. Speak with your personal financial advisor before getting started.
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