Retail is leading the way today. Finally, the drop in commodities is starting to have an affect on consumer related stocks. I like M, JWN, TJX and WSM best.
Moving along that vein, GPRO is your number one item in the stores now. Listen to me: you have to be out of your fucking minds to ignore GPRO heading into a rich holiday season. Also, Chinese retail is on fire too. Post the ridiculous holiday called ‘singles day’, BABA, JD and LITB are being bid up. With almost $2 in net cash and a new deal with BIDU, I like LITB well into double digits.
Moving on, the auto sector will benefit from cheaper oil. I like HAR as an ancillary play off premium auto sales.
Lastly, my favorite high risk/high reward play is BTU. I own a small position and it won’t kill me if I lost money in this; but boy does it want to go. With a GOP controlled congress about to step on the faces of the EPA, I like coal for a trade.
My top 5 positions are GPRO, TRN, ANET, BALT, AAPL.
I sold most of my MU position to bulk up on LITB and buy BTU.
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Damn that BABA has been a monster. All dips being bought up.
Dr. Fly, is BTU a short-term hold? Any price target? Volume has been heavy lately, and like the pattern. I’m aiming for a $15 target. Thanks for the insight.
Yes, looking for $13.
Thank you for the response.
Saw new GPRO freestanding kiosks inside three surf/skate shops in cali and each was practically out of stock. anecdotal, but several guys insisted you have to upgrade to the Hero 4 because it blows old models away
GPRO has has failed three days in a row to break and hold resistance. Like the thesis but maybe better to wait a day or two and let the stock prove it wants to go higher.