Actives List Popping to the Upside

“Actives List” Popping to the Upside

Welcome to Rude Awakening for Monday, December 22, 2020.

Markets open up this morning with some strength, especially compared to the weakness the market saw yesterday.

The important thing to note is that we have held our uptrend.

And it looks like we are going to continue to do so today…


Economics Coming into Play

There is a lot going into today’s market, economically.

Of course, the stimulus bill has officially passed. Also, we have GDP numbers getting revised—slightly higher.

We have had $3 TRILLION pumped into the economy in the last quarter, and, yeah… you could definitely say that’s helped push the market and economy higher.

Though, we are still not up to where things were pre-pandemic.

Now, getting into today’s trade opportunities…

Most Active Stocks to Watch for Today

Every day, I start with a search for the most active stocks premarket, which gives a good indication for what’s going to happen during the trading day.

The Boeing Company (BA) is on that list today, with Alaska Airlines upping their order for BA’s newly certified 737s.

As Bloomberg reports: “Boeing Co. extended its sales streak of 737 Max jets as Alaska Air Group Inc. boosted an order agreement to 68 jets and announced plans to return to a fleet with a single aircraft type.”

This could be a turning point for BA, giving us a new buy signal.

Peloton Interactive, Inc. (PTON) is also on our actives list today, which is screaming higher as they announce a new acquisition that should help their bottleneck issue with manufacturing — at least that’s what the market is anticipating. It’ll be interesting to see how high PTON can stretch in the markets today.

CarMax, Inc. (KMX) announced earnings this morning before the opening bell. KMX is another company that has pushed almost back up to its all time highs, but it’s opened down on the day, to the tune of nearly 5% lower.

This might be a company positioned for a good shorting candidate (and if you’re interested in learning more about that, you’ll be excited for some content we’ll have coming to you next week).

Apple Inc. (AAPL) is a classic on the actives list, pushing higher today, up nearly 4%. We are seeing a lot of buying right now in AAPL.

Last but not least, we have Luminar Technologies Inc (LAZR), which had a nice pop at the open. If you’re looking to trade this one, beware it’s a volatile stock, so you want to use limit orders and tight stop losses.

Have a great trading day, folks.

We’ll talk to you tomorrow.


Scott Stewart

Scott Stewart
Editor, Rude Awakening

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