SolarEdge (SEDG): These clean energy stocks suck, that’s why I’m short the ICLN.
So, it made me giggle on Saturday when I saw CNBC telling us that this is the time to buy clean energy names. That’s what I call “sliding down the slope of hope.”
My Target: $70
Marathon Oil (MRO): Analysts are starting to get nervous about the energy sector, and that crowded trade I talked about last week is going to see another round of selling.
Morgan Stanley downgraded a handful of energy names this morning, including MRO.
My target: $20
Best Buy (BBY): Jeffries upgraded their outlook for BBY this morning, suggesting that the stock is back. Balderdash! For what it’s worth, I bought a new TV at Costco this weekend, and then looked it up on Best Buy... FOR SHAME Best Buy!!! This upgrade represents throwing good money into a bad stock.
Please avoid doing that.
My Target: $70
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.