The S&P 500 plunged through its 50-day moving average Wednesday, falling nearly 3% in very heavy volume. But several growth stocks held up relatively well during Wednesday’s sell-off, including Palantir Technologies (PLTR) and a few other earnings powerhouses in the IBD 50. Headed into Wednesday’s bloodbath, sparked by hawkish comments from Federal Reserve Chair Jerome…
With stocks pulling back, it might be a good idea to look at some income trades on defensive names. Coca-Cola (KO) stock has had a tough couple of months, with the stock dropping 12% in three months. That has seen the dividend yield jump up to 3.1% with a very low beta of 0.07. The…
Qualcomm (QCOM) is down 22% in the last six months and is below declining 50 and 200-day moving averages. Since stocks tend to trend and indexes are under some mild pressure, a move lower, or at best sideways, is a reasonable expectation for Qualcomm stock. We can set up a bear call spread option strategy…
The timing of Oracle‘s (ORCL) upcoming fiscal Q2 earnings report couldn’t be better. Breadth has broadened out as the major stock indexes trade near all-time highs, while several software stocks, including Oracle stock, have maintained their market leadership. ↑ X NOW PLAYING Using Options To Find Stocks In Any Market Condition Software stocks rallied en…
Palantir (PLTR) is on a tear this year. It started around 16 and now trades above 60. With a 274% rise so far this year, Palantir stock could continue its amazing run or suffer a swift pullback. How to profit when you expect a big move but aren’t sure of the direction? That’s where a…
All eyes are on Nvidia (NVDA) earnings, with the company announcement set for Wednesday after the market close. The options market is pricing in a 9.8% move in either direction, and Nvidia has stayed above the lower expected range following all six of the company’s latest earnings announcements. Let’s analyze how we can structure an…
After a mixed October retail sales report Friday that showed big upward revisions to September data, a few top-performing retailers are next up on the earnings calendar. But most of the stock market’s attention will be on Nvidia (NVDA), which continues to show strength ahead of the company’s earnings report Wednesday after the close. Nvidia…
Palantir Technologies (PLTR) has been a solid mover in 2024. And with an IBD Composite Rating of 99, let’s position two option plays to consider in Palantir stock. ↑ X NOW PLAYING Anne-Marie Baiynd: Feel At Home Trading On The Range Both can be taken simultaneously. The first will be a short put spread to…
Bull put spreads continue to work well in this market. So today we’re looking at another example with Shopify (SHOP). This trade in Shopify stock could earn $90 per contract immediately. ↑ X NOW PLAYING Najarian Explains How To Put On Options For Profit And Protection Shopify recently broke out to a new high. Plus,…
Meta Platforms (META) reversed lower yesterday after touching the 600 price level. After a strong run, perhaps upside potential may pause in the short term on Meta stock. Today, we’ll look at a bear call spread that assumes Meta stock won’t make much progress in the next few weeks. Is it odd to be bearish…