When investing in gold miners, it's more likely that they will burn a hole in your account than be the next big thing. Generally, we are not too fond of companies that are correlated to the price of commodities. However, Kirkland Lake Gold Ltd. (NYSE:KL, TSX: KL) is one of the few exceptions in the industry. We believe that its proven track record of operating efficiently combined with a favorable environment for gold will act as tailwinds for the stock price.
Here is this weeks' watchlist. This weeks' stocks include SNAP, PTON, ADBE, ZM, ROKU, AVGO, TTD, LPRO, AVXL, WMT, QQQ, XLI, GOLD, KSS, FSLY, MSFT, AMZN, FB, GOOG, and AAPL. Some of these are better suited for day trades whereas some others are meant for swing trades. Also, with the upcoming election, it may be a smart idea to take smaller positions than normal due to increased volatility.
Traders often toggle between various time frames when analyzing a stock. Common time frames for traders are the weekly, daily, 4 hour, 2 hour, hourly, 30, 15, 5, and 1 minute charts. Swing traders often use the 60 minutes or higher, and day traders typically use 30 minutes or less. While 2 hour and hourly (60 minute) charts can be good for futures or forex trading, it does not make too much sense to use these for stocks. We'll explain why in this article.
This is a paid premium stock research report that is temporarily available for FREE. goeasy Ltd. (OTCPK:EHMEF, TSX:GSY) offers an excellent combo of good value, high growth, consistency, a modest dividend, and a history of outperforming the market by a large margin. The company operates in the Canadian subprime lending business. Although still somewhat risky, the subprime lending market is surprisingly more resilient than the prime lending market.
Here are the stocks to watch for this week. This weeks' stocks are TUP, GOGO, LVGO, SE, TECK, AVGO, NLS, PEIX, JKS, LAC, KURA, SEDG, SHW, GRT.UN, FLO, C, and JW.A. Most of these are meant for swing trades but they may also be day trades if the setup is there. There are 15 potential long trades and 2 short trades outlined in this post.
Sherwin-Williams, the famous paint-selling company, has rewarded investors handsomely over the years and is still poised for further growth. But, the fundamentals suggest that this spectacular run-up may have pushed the company into overvalued territory. The company is in great shape with industry-leading operational efficiency and it may still be a good pick for momentum traders/investors. However, it is out of the range of value investors as the stock is trading above its estimated intrinsic value. Keep reading to find out what makes Sherwin-Williams a good company.
What is a PEG ratio? The price to earnings to growth ratio, or PEG ratio for short, is an indicator used in fundamental analysis in order to value a stock. It is a decent indicator but it does have a few drawbacks as we'll explain in this post. Keep reading to learn about a better way to use the PEG ratio to find undervalued stocks, in our opinion.
This weeks' top stocks to watch include: WKHS, SHW, DADA, NIO, CARR, ZM, WMT, TSLA, CTAS, PEIX, RH, Z, DOCU, SGEN, JKS, F, X, and GME. These stocks are mainly meant for swing trading, but some can be day trades as well.
Cargojet Inc. (OTC:CGJTF) (CJT:TSX) is an overnight air cargo service provider based in Canada that operates domestically and internationally. It is Canada's top cargo airline by representing over 90% of the domestic overnight air cargo lift available in Canada and being the only national overnight air cargo consolidator. Here’s what makes it a good stock.
E-Commerce has taken the world by storm and has disrupted many industries. However, one industry, in particular, is often overlooked that we believe has tremendous online potential - the grocery industry. We like the Canadian company Goodfood Market Corp. (OTC:GDDFF) (TSX:FOOD) due to its measurable competitive advantage over traditional brick and mortar stores. Goodfood Market Corp. is a provider of online subscription meal kits and private-label groceries and they currently have a 40-45% market share in the Canadian market. Keep reading to find out what potentially makes it a good long-term investment.
Here is this week's stock watch list. This week, we will take a look at AVGO, MRVL, LOW, TUP, ZM, REGN, APPS, PACB, and LEN. These trade ideas are mainly meant for swing trading.