Apple delivers another big win for investors…
Apple had an incredible quarter with an 11% growth. And recently, the company delivered lights out earnings. But the iPhone maker wasn’t done shocking the market.
On Friday, the tech giant announced it is planning to do a four-for-one stock split by the end of the month. Now, in simple terms, this means that for each share of Apple stock that an investor owns, they’ll receive three additional shares.
Stock splits are purely cosmetic. What I mean by that is that it doesn’t change anything about the underlying fundamentals. But it does help the everyday investor. And that’s because they can lead to interest from smaller investors by making the shares more accessible due to making them cheaper.
In this case, all investors who currently own the stock will receive three additional shares after the market closes on August 24 – a big win for those with Apple in their portfolio.
Trading tip of the week…
My tip of the week?
Volatility can be an options traders friend.
There’s no doubt that the markets have been volatile in 2020. This volatility has caused many traders to sideline themselves in the process. And while this may be regarded as the “safe” approach – I’m not buying it. Because when you sideline yourself, you miss out on some massive profits.
And here’s the truth, volatility isn’t going anywhere. As long as the Vix holds above $20 – I believe we’ll continue to see a mixed bag of bullish and bearish days.
But don’t take this as a sign to pull back from trading. Instead, be sure to create a trading plan that you believe in and offers you a comfortable risk level. And even when the market gets volatile, stick to your plan and trade your plan.
So, my advice for today? Use this volatile tie to your advantage and cash in on some volatility driven opportunities.
Here’s the rundown…
Last week was another busy one for my Project 303 readers and me…
I provided recommendations for how to play a well-known resort name and a tech leader to my subscribers.
But this was just another week for us, thanks to my S.C.A.N. trading system.
I specifically designed the algorithms to detect the best opportunities across all markets, evidenced by this week’s diverse group.
As a reader of my Profit Pregame, I want to offer you the chance to join us in Project 303, before the next round of recommendations are issued.
Click here now for more information.
The earnings report that has caught my eye:
It’s another week of earnings reports.
And I know you don’t have time to be sifting through all the numbers and news.
So, here’s the one I’ll be focusing on, and I think you should too:
NVIDIA Corporation (NVDA).
This company is no stranger to my portfolio – and it’s been one of my favorite stocks to cash in on over my trading career. And now, it’s set to report earnings on Thursday, August 6.
Now, NVDA is a tech company that produces everything from chips to graphics processing units. And many analysts are expecting the company to beat expectations once.
With that said, this well-performing stock will be one I keep a close eye on as it gets closer to its slated earnings date, and I’ll be sure to keep you updated on what I see.