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The retail sector is booming this summer as investors shake off inflation fears, and today, I’m bringing you a profit play on the cream of the retail crop.
If you’ve been following along at my free newsletter, Straight-Up Profits, you know I haven’t been able to stop talking about Hibbett Inc. (NASDAQ: HIBB) over the last year or so. And for good reason – it was a staple during lockdowns, as a top seller of at-home workout equipment. That won’t be changing now on the other side of the pandemic, as the go-to one-stop shop for all your little league, recreational, and pro-sporting needs.
The stock is already up 97% year to date, and the summer runup’s just getting started…
Check out the video below to see how to play it…
Trade Details…
Action to Take No. 1: Buy to open HIBB Oct. 15, 2021 $90 calls (HIBB211015C00090000) using a limit order of $11.
And don’t miss this exit recommendation on our U.S. Steel Corp. (NYSE: X) position…Action to Take No. 2: Sell to close X July 16, 2021 $10 calls (X210716C00010000) using a limit order of $14.10 (a target profit of 550%).
Bitcoin’s Weakness = Your Opportunity
If you’re just watching Bitcoin headlines, you probably think crypto’s dead in the water. But Tom Gentile’s microcurrency trades have crushed it – even when Bitcoin is taking it on the chin.
All of his closed trades in 2021 would’ve made you a 13X return. And Tuesday, July 6, he’ll be releasing a new trade that could generate your next triple-digit (or bigger) profit by year-end. Get the details here.
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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.