The markets are looking a little "shaky" this week as the divide increases between over-hyped blue chips and lagging small caps.
But this week, we won't be "playing it safe" with a hedge... Today I'm bringing you a big breakout opportunity in the car-buying group.
Online car shopping has stolen the limelight after a string of ads on TV and social media ushered in a new age of hassle-free, no-pressure car buying.
That said, some of the stocks behind the most recognizable ads have already peaked are trading into overbought territory... but not today's auto "e-tailer."
Today's stock to trade is still ripe for a windfall, and it's picking up speed from a tank full of money-making catalysts: strong fundamentals and technical indicators, an earnings announcement on the books next month, and a short squeeze in the making.
In a matter of weeks, this could easily be one of our biggest wins yet - just check out the video below for more details...
Trade details...
Action to Take No. 1: Buy shares of CarGurus Inc. (Nasdaq: CARG) using a limit order of $27.00.
Action to Take No. 2: Buy-to-open CARG Nov. 19, 2021 $25 calls (CARG211119C00025000) using a limit order of $4.20.
Every Electric Vehicle Could Soon Rely on This $2 Stock
EVs require a special kind of battery - inside of which sits one very special American-made component...
And that's an obligation big enough to send one $2 stock soaring.
Seriously - last time this pioneering company listed on a public exchange, it climbed 1,147% in one year. So if you expect shares to stay this cheap once this company hits the Nasdaq, you're standing in the wrong line.
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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.