Goldman Sachs analysts Ben Snyder issued a letter to investors echoing a sentiment we share. In his note, he says the 2023 outlook for S&P 500 (NYSEARCA: SPY) earnings is… [Read More...]
End of the Month Summary – August 2021
Sticking with last month’s theme, I’ll keep this relatively short because my right hand is still not anywhere close to 100% and I need to focus on my clients’ accounts over updating my blog. As luck would have it, I had no realized gains in August, so that makes this summary much easier. I ended July with a Net Asset Value (NAV) of $136,923.22 according to Interactive Brokers (IB) after ending July with a balance of $135,632.37. That gives me a gain of $1,290.85 (~1%) on paper. I sold a QQQ covered call and a TLT covered put during August, which could both be closed this month, even though the QQQ option is for an October expiration. My TLT position cost me $5.17 in … [Read More...]
These 3 Nasdaq-100 Leaders Have More Upside
Through June 24th, all but 16 of the popular benchmark’s names were in the red for 2022. At the other end of the spectrum is an unlikely collection of stocks… [Read More...]
End of the Month Summary – October 2021
October was another decent month for my account, but I missed out on taking advantage of the sell off as much I would’ve liked to. I’ll get another chance of course. I’ve left a lot of money on the table this year, but that’s how I needed to manage my account based on other potential expenses I have coming up that might require some cash infusion from my investments. It’s unlikely I’ll have to pull from this account, but couldn’t get my head around risk for this account. I ended October with a Net Asset Value (NAV) of $138,204.76 according to Interactive Brokers (IB) after ending September with a balance of $136,013.22. That gives me a gain of $2,191.54 (~1.61… [Read More...]
Zai Lab Stock Has Fallen to Value Levels
Commercial stage global biotech company Zai Lab (NASDAQ: ZLAB) stock has cratered (-82%) from a 52-week high of $178.91. [Read More...]
Victoria’s Secret Stock is Out of the Box
Specialty women’s intimate apparel retailer Victoria’s Secret (NYSE: VSCO) stock has cratered (-44%) in this year’s bear market. [Read More...]
Lululemon Stock Bestows a Buying Opportunity
Athleisure apparel and footwear maker Lululemon (NASDAQ: LULU) stock is down (-28%) in the 2022 bear market despite stellar earnings performance. [Read More...]
What To Buy Before The Q2 Earnings Season Kicks Off
The outlook for the Q2 earnings reporting season is about as cloudy as it could be. Between uncertain supply chain improvement, wildly out-of-control inflation, rising energy prices, and an aggressive… [Read More...]
Dividend Stocks and Your Roth IRA
You may already know that a Roth IRA is a fantastic retirement savings vehicle. But what about putting dividend stocks in a Roth IRA? Let’s find out why you might… [Read More...]
3 Defensive Plays Going on the Offensive
Sometimes the best offense is a good defense. These three defensive names are up 10% or more year-to-date—and may keep carrying their offensive S&P teammates well into the second half. [Read More...]
Sold QQQ Covered Call
On Friday, I thought QQQ’s resistance at its 50-day moving average might last more than one afternoon, so I entered a limit order to sell a covered call. Not being overly confident in that line of resistance, I used a strike fairly far out of the money. While QQQ was trading at $369.78, on its road to over $372.60 by close, I sold one QQQ December $385 covered call for $3.70 and received $369.32 after paying $0.68 in commission. I chose the $385 strike because it is just above the highs QQQ bounced against the first week of September. I could see the ETF pushing back to that previous high, and maybe a touch higher, before taking another breather. If I’m wrong, I’ll still … [Read More...]