Friday 20 September 2024

Our experts share the stocks to watch after rate cuts

Free picks from some of the top traders in the world
 
   
     
   
 
SEPTEMBER 20, 2024
   

Hey y’all!

It’s been a long week with a lot of worry about the “F word” (no, not that one. The Jerome Powell one). 

I thought we’d sail into the weekend with something quick and easy and, I hope, super valuable to you! 

So I asked our experts to share ONE stock that they’re watching closely right now. 

“Any reason, good or bad… one ticker you’re paying attention to and why!’

Those were their instructions, and they delivered! So let’s get to what they had to say.

 
 
SLV

I like it more than GLD since I can measure moves to 33 and 44 targets

Gold & Silver continue to perform well with global interest rates coming down and a weaker USD. 


Silver is going to become a theme in this newsletter, as you’ll see.

Gold and silver are a hot investment right now. Gold just soared past $2,600 to a new record high, and silver sits at around $31.50. 

SLV shares can be had for $28.41 as I write this and might be a good way to hedge against a weakening dollar — especially in the uncertain buildup to the election.

 
 

✋ I think Chris has been copying my homework.

I am [also] watching EBAY because S3 partners tweeted (or whatever you call it) that it has a 65 out of 70 score for setting up a squeeze higher.


Jeffry echoes Chris here — both like silver (and setting targets, for that matter!) 

But Jeffry added in EBAY because of this Tweet:

 
 

S3 has had a pretty strong track record in the past — not to mention that the tweet alone will likely spur some buying — so EBAY is definitely one to watch.
 
 

lol...I'm a cheap guy...I like EXK for the same reasons.

For the short term, I also like EXP.  With lower interest rates in increased home buyers, building materials are doing well.


Geof adds a cheaper option for the silver fans in EXK — I actually own some myself, full disclosure, on a recommendation from Geof that he dropped in his free Telegram channel a few months ago.

But he also included EXP (Eagle Materials), a more expensive stock that hit all-time highs earlier this week.

EXP produces building materials, and the housing market projects to be one of the chief beneficiaries of rate cuts.

 
Ten MORE Stocks to Watch Closely After Rate Cuts
 
 
 

 
 

I am not a big pullback guy, but I do think CRWD is trying to build here after that massive collapse on their security failure in late July.

I liked debit spreads a few weeks out target the $270 level… and we smashed through those levels already.

But if you want to get aggressive, you can go further out and target above $300 around the midpoint of the collapse.

Also, of course, I still love GLD — I’m already up 300+% in one position, but I’m holding! 

 
 

Nathan not only gave us a stock pick, he gave us a whole setup you can trade or paper trade if you want to! 

CRWD is a cybersecurity company that he thinks could be recovering after some bad headlines over the summer.

He also mentions GLD — every guru at ProsperityPub loves gold and silver right now! So might be something you want to pay close attention to! 

 
 

I like XHB (homebuilders) if we get a small pullback here - I'm assuming that the run-up going into rate cuts has exhausted itself a bit and we should get a good buying opportunity here (PHM, TOL also good stocks in that sector)

I also agree on GLD —  its nuts how gold performs on rate cut cycles (I also will say the same thing should in theory apply for bitcoin)

But all in all I still love the stocks that have been paying all year for me -- LLY, PGR, AAPL looking good right now, GE & GEV heating up again, CAVA is still a monster -- I switched half my CAVA stake to CMG on the dip but currently regretting that at the moment! 


Graham brought the smoke with a ton of recommendations! 

XHB (along with PHM and TOL) are potential home builder plays like Geof mentioned with EXP.

GLD to supplement your SLV and EXK positions.

And then a treasure trove of stocks that Graham has loved all year: LLY, PGR, AAPL, GE, GEV, CAVA, and CMG!

All told, here’s every stock from our experts today:

 
SLV x2 
EBAY
EXP
EXK
CRWD
XHB
PHM
TOL
GLD x2
LLY
PGR
AAPL
GE
GEV
CAVA
CMG

I hope that’s a helpful way to kick off your weekend! Have a good one! 

To your Prosperity,

Stephen Ground
Editor-in-Chief, ProsperityPub

 
   
 

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