Chris is bullish on JD.Com Inc. (NASDAQ: JD), currently trading for $46.
He called it the "perfect stock" to hold in your portfolio from 2020 to 2021.
Now is a good time to buy because earlier this week, JD bounced of its 50-day moving average with significant volume. This is a great technical indicator that signals investors are confident the stock will likely jump higher in the near term.
Chris has a $55 price target on JD and thinks a covered call strategy could add an extra 5% to 6% to your total returns with the premiums you collect from selling the calls on your long position.
Chris is bearish on Boeing Co. (NYSE: BA), currently trading for $132.
The economy has a direct target on Boeing's back, and travel could be permanently affected with the proposed new air safety guidelines.
If the stock drops below key technical support at the $120 level, Chris thinks it will quickly run below $100.
Stay away from this stock, and don't even try trading it, because the government could bail it out indefinitely.
Blackstone Group Inc. (NYSE: BX), currently trading for $52. Technical indicators show the stock is on the path to break $60.
Chimera Investment Corp. (NYSE: CIM), currently trading for $8. D.R. thinks the stock could top $10 in the next couple weeks.
Home Depot Inc. (NYSE: HD), currently trading for $233. D.R. thinks the stock could reach new all-time highs (above $247) as people look to renovate their homes themselves to save money.
D.R. is bearish on:
All of the cruise line stocks. He thinks they're the No. 1 most at risk industry in the world. They're not essential, and people know they're extremely risky to go on during a pandemic.
Retail shopping companies like Kohl's Corp. (NYSE: KSS) because we don't know when they'll open again. And with unemployment increasing at a record pace, he thinks consumers will spend on more important things like food first.
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