Follow Best Investments Alerts Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
As hopes for a new stimulus deal reignite on Capitol Hill, I'm seeing a prime trading opportunity in a sector where a large number of Americans will be spending their checks…
It seems the coming uptick in consumerism will be largely found in "big ticket" purchases like, say, a gently used car.
That's right, as folks around the country emerge part-time from their COVID-19 bunkers, many of them are finding themselves in need of an almost-new set of wheels. And most of them are playing it safe and taking their business to "social distance-friendly" online platforms.
The digital car buying space is lighting up with profit potential right now. One stock in particular recently received two analyst upgrades after projecting a 40% increase in sales for Q3 ahead of its Nov. 4 earnings announcement.
The stock has already nearly tripled since its 2020 low in April, but as buying volume and positive long-term technical indicators support upward momentum, there's plenty of runway left for today's Fast Profits trade.
Check out the full details in the video below…
Trade Details…
Action to Take No. 1: Buy shares of Cars.com LLC (NYSE: CARS) using a limit order of $8.95.
Action to Take No. 2: Buy to open CARS Jan. 15, 2021 $10 call (CARS210115C00010000) using a limit order of $0.90.
How to Find the Biggest Winners in Any Market
Sometimes the biggest paydays happen on trades aligned perfectly with current events – circumstances like quarantines, stimulus, and presidential elections.
We've seen this firsthand on trades like our 1,200% profit on Zoom Communications…
But then, other jaw-dropping opportunities come completely out of the blue, offering only the slightest technical indicator as a sign of what's to come.
This is the kind of opportunity my colleague Tom Gentile says he's seeing right now…
The word is, Tom has unearthed a rare market anomaly that you could use to double your money over and over again on some of the biggest blue chips around…
We're talking stocks like Tesla, Alibaba, and Microsoft – all without paying through the nose on "marked up" shares.
Tom's already been delivering trade recommendations at a 100% win rate, and he's so confident he can keep it up, he's putting $3.5 million on the line…
Click here for the full details…
Follow Money Morning on Facebook and Twitter.
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 Straight-Up Profits. He also contributes to Money Morning as the Quant Analysis Specialist.