Trade of the Week
Seasonal Stock Setup: Life Science Innovator Setting Up Into Bullish Seasonals
Danaher (DHR) is a $189.1B health care name that trades at 23.8x earnings, 6.5x sales, with a FCF yield of 4.1% and a small 0.4% dividend yield. The stock has a strong seasonal history in July with 7 of the last 10 years higher for an average return of +3.7%. This is...
Seasonal Stock Setup: Beverage Leader Nearing Breakout Into Summer
Coca-Cola (KO) is a $274.3B consumer staple name that trades at 23.9x earnings, 7.4x sales, with a FCF yield of 4.1% and a 2.7% dividend yield. KO has a strong seasonal history in July with 5 straight years higher for an average return of +4.3% and 10 of the last 15...
ETF Sector Relative Strength Corner: Under the Radar Resource Group Bouncing off Support
Invesco Water Resources ETF (PHO) - This ETF offers exposure to a group of companies operating generally in the water industry, including both water utilities and infrastructure companies and water equipment and materials companies. As such, this ETF likely doesn’t...
Credit Spread of the Week: Energy Name Looking to Bounce off Long Term Support
Phillips 66 (PSX) is a $39.4B oil and gas company that operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The stock has pulled back sharply to the top of the yearly 2021 value area and a longer-term uptrend line...
Weekly Options Technical Trade Set-Up
Crowdstrike (CRWD) shares flagging just under the monthly value high near 180 and formed an inside week candle showing pause as it can now push above last weeks highs and potentially reach 200 day EMA at 195. Trade to consider: Long CRWD weekly $182.50 strike calls....
Seasonal Stock Setup: Defense Name Breaking Higher into Strong July
Raytheon Tech (RTX) is a $143.2B aerospace and defense name that trades at 19.9x earnings, 2.4x sales, with a FCF yield of 4.8% and a 2.3% dividend yield. The company is engaged in providing advanced systems and services for commercial, military and government...
Seasonal Stock Setup: Consumer Staple Trending into Strong July Tailwinds
Philip Morris (PM) is a $158.8B tobacco giant that trades at 16.9x earnings, 6x sales, with a FCF yield of 5.2% and a 5% dividend yield. The company focuses on delivering a smoke-free future and evolving its portfolio for the long term to include products outside of...
Seasonal Stock Setup: Defensive Software Name Has Strong July History
ServiceNow (NOW) is a $99.6B software name that trades at 53.1x earnings, 10.5x sales, with a FCF yield of 2.9%. The company helps global enterprises across industries, universities and governments to digitize their workflows. Its technology platform, Now Platform,...
ETF Sector Relative Strength Corner: Consumer Discretionary Signaling Reversal off Lows
Consumer Discretionary Select Sector SPDR ETF (XLY) - The ETF offers exposure to the consumer discretionary sector, making it an appealing option for investors looking to implement a sector rotation strategy or tilt exposure towards corners of the U.S. market that may...
Credit Spread of the Week: Struggling Fintech Name Back at Resistance
Coinbase (COIN) is a $13.9B financial tech company that provides end-to-end financial infrastructure and technology for the crypto economy. The stock has recovered off its mid-June low near 45 and is back at the down trending 21 EMA at 63 which lines up close to...