Despite the rising number of Coronavirus cases globally, the market shook off the apprehension and opened Friday in the green.
And most of this was due to the news of China increasing the pace of American farm purchases. This uptick in purchases would fulfill phase one of the trade deal.
As they announced last week, they intend to buy everything from soybeans to ethanol after falling behind due to Coronavirus restrictions.
This plan to fulfill phase one could bring a nice boost to the economy, and the market seems to agree.
How volatility impacted S.C.A.N.
As we’ve seen since the beginning of the pandemic, it was another week loaded with volatility.
The market moved up, down, and sideways…
And S.C.A.N. proved once again, that it’s prepared for any market as it delivered us three new sets of profits.
Here’s what a few of my members had to say…
Victor R: MOMO almost 100% in 2 minutes
Carl J: out of MOMO @ $1 for 150% Profit!!
Walter T: made $200 on TSN
So, as you can see, uncertainty doesn’t slow us down.
Trading tip of the week…
Stop worrying about the top and bottom line.
As a trader I don’t care how many iPhones are sold or what Microsoft’s profit margins are…
Because when trading earnings, I am a trader not an investor.
So, rather than seeing specific number, all I care about is how the stock will perform after the numbers come out – and that’s what you should be focusing on too.
For example, some stocks seem to always go up, others always down regardless of what the company is currently producing.
For this reason, I look at the historical movement over the last eight quarters and implied movement to gage which way a stock will move and by how much.
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:
This stock should come to no surprise.
I’ve been talking about this sector a lot lately, and I’ve been waiting to see this company on the calendar.
Nike Inc. (NKE).
As you might know, NKE is one of the largest manufacturers of footwear, apparel, equipment, accessories, and more.
And on Thursday, June 25, the company is releasing earnings.
NKE has been a stock that has always performed well in my portfolio – so, needless to say, I’ll be keeping a close eye on this one.
I’ll be keeping you updated.
And before I go, a bonus trading tip…
If you’re like other individual investors, news reports over the past few months have probably kept you up at night wondering, “will my accounts ever come back… will I be able to retire as planned… will I be able to send my kids to college?”
Well, I’ve got good news for you.
My newest venture, Project 303, has proved that it’s built to not only survive a rocky market but thrive in a trading environment like we see today.
And our first session starts today at 9 AM.
So, click here to reserve your seat now.