If you've been following my Fast Profits recommendations, you know that the homebuilding sector is a trader's gold mine.
Well today, I'm bringing you a "triple threat" trade - this company does most of its business among homebuilders, and it's dipped a toe into the ever-strong tech sector, and it's benefiting from the still quietly rising demand for alternative energy.
Demand for solar panels may not be making headlines nearly as often these days, with the media narrowing its scope on coronavirus-related biotechs. But as Americans settle into a home-based reality for the foreseeable future, this is also a COVID-19 profit play brewing on the back burner, just waiting to explode...
And of course, I'm not just speculating here - it just wouldn't be a "Chris Johnson approved" trade recommendation without support from a strong technical analysis.
Check out the full details on this trade's profit potential in this, the latest edition of Fast Profits with Money Morning...
Action to Take No. 1: Buy shares of Sunpower Corp. (NYSE: SPWR) using a limit order of $11.
Action to Take No. 2: Buy to open SPWR Jan. 15, 2021 $12 calls (SPWR210115C00012000) using a limit order of $2.
"I Expect This Rally to Continue for at Least Another Month"
It's official: He's back.
Not long ago, trading legend Andrew Keene issued a trading room cutoff. More folks were piling into his trading room than ever before.
About the Author
Chris Johnson is a highly regarded equity and options analyst who has spent much of his nearly 30-year market career designing and interpreting complex models to help investment firms transform millions of data points into impressive gains for clients.
At heart Chris is a quant - like the "rocket scientists" of investing - with a specialty in applying advanced mathematics like stochastic calculus, linear algebra, differential equations, and statistics to Wall Street's data-rich environment.
He began building his proprietary models in 1998, analyzing about 2,000 records per day. Today, that database, which Chris designed and coded from scratch, analyzes a staggering 700,000 records per day. It's the secret behind his track record.
Chris holds degrees in finance, statistics, and accounting. He worked as a licensed broker for 11 years before taking on the role of Director of Quantitative Analysis at a big-name equity and options research firm for eight years. He recently served as Director of Research of a Cleveland-based investment firm responsible for hundreds of millions in AUM. He is also the Founder/CIO of ETF Advisory Research Partners since 2007, noted for its groundbreaking work in Behavioral Valuation systems. Their research is widely read by leaders in the RIA business.
Chris is ranked in the top 99.3% of financial bloggers and top 98.6% of overall experts by TipRanks, the track record registry of financial analysts dating back to January 2009.
He is a frequent commentator on financial markets for CNBC, Fox, Bloomberg TV, and CBS Radio and has been featured in Barron's, USA Today, Newsweek, and The Wall Street Journal, and numerous books.
Today, Chris is the editor of Night Trader and Penny Hawk. He also contributes to Money Morning as the Quant Analysis Specialist.