Watch List Update

It’s late, I’m tired, hopefully you are already asleep. This pullback we are having is offering us a look at true leaders, and an opportunity for some unsung heroes to emerge. Don’t be fooled, tech is here to stay, but until a stock offers a proper entry we don’t enter.

There is no reason to ever chase stocks, ever, and if the markets are in free fall buying is not always the best for investors. Traders however thrive on volatility, when it comes to making money it is their BFF.

Tonight I revamped my Watch List. 33 new names made it on. Lets look at 5 tonight. These are in addition to GE, IJR and DHI which I mentioned earlier today.

One thing we do not do, with stocks at least, is buy stocks right before earnings. Options however offer multitudes of different strategies where we can control our losses down to the penny and the date. Stocks even when using Stops can still experience “Slippage”… Think of it as a stock tanks hard in Earnings after hours, your Stop can be blown out. Slippage is not the norm and Stops are always your friend.

If a stock beats earnings, and it’s strong, it will form a new trend. ( especially in up trending markets ) We will make more money with less risk by then riding that trend than we could of potentially by trying to get ahead of the earnings, beating earnings is a 50 / 50 coin toss.

2 of these stocks just beat earnings, 1 reports tomorrow, Thursday July 25, 2024 and the last 2 report in August. All of them show their own signs of strength amongst todays massive selloff, and that is how they all made the list of 33.

The 1st is ALSN it reports this Thursday

The 2nd is FI. I love love love this chart!!!! This is a 10 year chart with Weekly bars. Why so long back you ask? First off look how pretty it is, 2nd is because about 9 years ago when it was at the $30.00 area people laughed at me saying it was a “joke company”. That’s a 470% increase from then until today. You can guess who’s laughing now….

3rd is ML. It’s up 6.13% on the week and reports AUG 6, 2024

4th is TEL up 4.10% after it beat today, lets see if it offers a pullback then advance.

Lastly is HEI up 2.38% on the week. It reports AUG 28, 2024

Tomorrow is another day.

Invest wisely, live charitably and be well

Brother Bill