Profit Pregame

Buy The Rumor and Sell The News: Pfizer Edition

DoorDash is looking to grow…

Food deliveries continue to be at an all-time high as the pandemic continues to keep Americans locked inside their home. And one company is looking to turn that attention to cold hard cash. Here’s how they plan to do just that…

DoorDash is one of the largest delivery companies in the game, and now, the company is planning to go public. The company made its initial IPO paperwork public, revealing that it had generated $1.9 billion in revenue in the first nine months of 2020. And while during that same time, it incurred losses of $149 million that was a much better number than 2019’s losses of $533 million.

And while this number is impressive, the number that stands out is this – during the second quarter of 2020, DoorDash generated a profit of $23 million. On top of this, DoorDash has laminated its place in the delivery sector after acquiring a premium restaurant delivery service back in 2019. The company also surpassed Grubhub earlier this year and remains in that spot.

Seems like a pretty good setup, huh?

But as you know, IPO’s are something I’m always critical of. So, I’ll be keeping a close eye on this one, and I’ll be sure to keep you updated.

My biggest trading tip of the week…

With Pfizer’s recent vaccine announcement and investors rushing to get their money into the stock – I’ve been reminded of an important trading lesson that I learned back in the day. It’s one that not only helps protect your bottom dollar but also ensures you get the kind of profits you’re looking for. And it’s simple…

Buy the rumor. Sell the news.

We’ve waited nearly an entire year for an effective vaccine, and now we might finally have one. Following the news, S&P 500 futures shot up over 150 points in a single day. And they sold off by over 100 points from the highs.

I’m sure we all know this, but sometimes we could use a reminder: if the news reports it, it’s too late to jump in. Once the news comes out, the stock’s price already factors in the news announcement, which means it’s time to sell.

Most people jump on a stock when it hits the news at an all-time high. Seasoned investors buy before the news hits, then sell it off once the news reports it to the masses. So when it comes to investing, never forget that it’s too late to invest in a stock once the news starts reporting on it. And that’s why it’s so important to have a trading system like S.C.A.N. in place. S.C.A.N. allows you to follow the biggest traders in the game – getting in on those breaking news stories before they break – and cashing out when the stock hits new highs.

An earnings report that has caught my eye:

We’ve got more earnings reports this week. And after crunching the numbers, I’ve identified the only earnings report that’s worth focusing on.

Here’s the earnings report I’m following closely, and it’s the only one worth your attention:

The Home Depot, Inc. (HD).

The pandemic shutdown has been a blessing in disguise for the home improvement retailer. When the entire market dropped back in March 2020, HD hit a low point of $140.63. But that didn’t last long, and the stock has rallied to all-time highs. At the time of writing, HD is trading at $277.40 – a whopping 97% gain in just eight months.

They’ll announce their Q3 earnings tomorrow, November 17, 2020.

We’re entering the holiday season, and Home Depot’s foot-traffic data shows that they’re due for an enormous holiday season. As news of an available vaccine makes headlines, this increase in customers should only continue to grow. The home-improvement retailer has had no significant obstacles following the pandemic, and if a viable vaccine hits the public, we should see an increase in small business contractors and carpenters using the Home Depot for their building materials.

Many different factors are helping The Home Depot maintain its high earnings – and that’s why I’m keeping close tabs on HD. And I’ll be sure to update you with all the latest developments.

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