Rocky’s Weekly Stock Picks
This image appears to be custom made for someone’s YouTube channel. Too bad it fits better on my page.
We’re busy lining up a swath of spread trades to open for Tuesday. That being said, the Futures market is open until 1pm tomorrow, which has nothing to do with our picks.
BTU - Peabody Energy. Besides having a great name, this stock’s price is on the rise. Being a coal mining company, there shouldn’t be too wild of swings even intraday.
ET - Following the same trend as other companies in the energy sector, Energy Transfer is seeing an increase in share price. Don’t be the farm on seeing any immediately significant upward movement. Most likely it’ll stay be a slow bull. You could play it as neutral in the short-term.
That’s a bold speculation, but we’re confident this is not a bad time to get into ET.
AVY - At $220.53 a share, this might be seem out of many people’s league. The dividend it pays is small, and the options don’t come cheap. Fractional buying is still worthwhile for AVY, though. What does their company do? They provide stuff for people to use at work. If you have a job at a place with things, Avy Dennison is probably involved in some way.
CODX - A good candidate to start a wheel (Selling puts until assigned, then selling covered calls until exercised). Our assessment suggests the price isn’t going to drop much lower than where it’s at now, about $8/share.
ATOS - A penny stock with a history of oscillating from $1 to $3.50. We recommend playing both directions with some further-out options. As long as you control your risk and are prepared for the price to shift suddenly, you should be able to find that 10% return this month.
