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2 Stocks My Newton Indicator Is Flashing BUY Hey, Graham Lindman here… If you're on the hunt for a buy-and-hold opportunity, Carvana is showing signs it might just be the gem we've been waiting for. After a brutal 2022 where it got caught in the burst of the COVID bubble, Carvana (CVNA) is making a notable rebound this year, and it’s not going unnoticed. Despite my personal disinterest in ever buying a car from them, I can't deny the stock's allure. It's not just about the last three quarters where Carvana has outperformed earnings expectations — it’s about the consistent upward momentum it’s maintained throughout 2024. The weekly charts have been a testament to its resilience, keeping above average momentum that could catch any trader’s eye. Check out this chart using my brand-new Newton indicator — which I’ll be launching soon, so stay tuned! This morning kicked off with Carvana up 3.3% at the open, and let me tell you, the momentum is hot! Newton’s fiery as well, backing up the excitement with some serious numbers. Watching the charts light up green, especially after witnessing those red candles from last year's downturn, it’s evident that the negative momentum has shifted in our favor. Here's a nugget for you… I've never bought a car from Carvana and probably never will. But that doesn't mean I'm not keen to make an extra buck on its stock. After all, who wouldn’t mind cashing in on such a promising turnaround? So, if you're looking for a solid entry into the market, keep your eyes peeled on Carvana. It’s shaping up to be one of those stocks that not only survives the storm, but comes out looking better than ever. And remember, it’s always cool to see how smart plays on momentum (thank you, Newton!) can lead to profitable exits and entries… Speaking of which, I’ve suggested Progressive (PGR) as a great stock to buy several times times year. We’re up 35% just since March — more than three times the S&P 500’s move over the same period. And if you’ve enjoyed this move in PGR, then you’re likely to love what I’m seeing from its competitor, Aflac (AFL), which is also lighting up my Newton indicator. Check this out… Newton has listed this stock as a very strong momentum BUY since July, and as you can see, the stock has been like a rocket since then. Something really cool about Aflac is it has weekly options, and now that it's over $100, it's a great candidate for weekly wrap orders!! Stay tuned for more, including what else my new Newton indicator is telling us! P.S. Have a question or something you’d like me to cover in a future newsletter or event? Just reply to this email! Now, you’re going to hear some amazing insights from our traders, including Lance Ippolito, who is giving us:
BUT, I’m bringing some flavor of my own, too… Because I think, while Trump might be good for many parts of the stock market, there’s one sector that is potentially doomed if he takes office — and I’ve been loving these stocks until now! So if you’ve followed my picks over the last several months, you can’t afford to miss the Final Countdown, where I’ll tell you exactly what to look out for. Graham Lindman Graham Lindman Trading Follow along and join the conversation for real-time analysis, trade ideas, market insights and more! Telegram: https://t.me/+abM5RWRJKrpkNWI5 Also check out my website at: https://grahamlindman.com/! *This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment. Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit thetradingpub.com/terms-of-service/ for our full Terms and Conditions. |
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The stock market has been a roller coaster lately, but there are still some great opportunities to be found. November 5, 2024 | Unsub...
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