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Reduced Discretionary Spending Is Bad News For This Overvalued Stock
The pandemic has given rise to unemployment, lost benefits, closed businesses and reduced revenues for those who remain in business. This has resulted in a spike in savings rates and reduced consumption as a result of such savings. Jim and Scott target this leading orthodontic manufacturer as its stock price has run far ahead of its earnings potential especially in an age of higher savings, reduced discretionary consumption, and social distancing including doctor’s visits.
Trade Alert: Good Branding Won’t Save This Overvalued Blue Chip
Consumers develop brand loyalty through the years for products beloved as mainstays in American life. However, good branding won’t save stocks from being overvalued when growth slows and economic conditions change in major markets. Jim and Scott identify one blue chip company with great brands that has become vulnerable to a downturn as deflation and a strong dollar puts pressure on its stock.
Trade Alert: The Stage Is Dark For This Concert Promoter
As the pandemic continues into the summer months, there is now a real possibility of another economic shutdown due to a re-energized virus that is devastating to both American lives and the U.S. economy. This possibility will hit many sectors of the economy hard, especially the leisure and entertainment sectors of the market. Jim and Scott target this leading concert promotion firm as it will continue to struggle during lockdowns resulting in a loss in entertainment activity.
Sell Alert: Book An 86% Gain On Our Starbucks Put Spread
Based on overnight futures trading, it looks like a reversal of the March rally is underway. There is more downside risk in many consumer discretionary stocks like SBUX. But Starbucks’ decline is more about company-level challenges than it is about macro risk. Our $80 price target for June is now within reach – much faster than we expected. So, let’s take profits now on this position.
Trade Alert: 185% Upside As Supply Chain Bites Apple
As tech stocks continue to fall with a double whammy of supply chain issues and a consumer drop in discretionary spending, even highly successful companies like Apple Inc. are not immune. Jim and Dan turn their focus to the world’s most valuable company as a tighter Fed policy and problems with their complex supply chain will cause a downturn in its share price.