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...
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About the Author
Chris Johnson (“CJ”), a seasoned equity and options analyst with nearly 30 years of experience, is celebrated for his quantitative expertise in quantifying investors’ sentiment to navigate Wall Street with a deeply rooted technical and contrarian trading style.