Tuesday, 19 November 2024

Our experts weigh in on CAVA, NVDA, BABA, and more!

The latest ProsperityPub Q&A is here!
 
   
     
   
 
NOVEMBER 19, 2024
   

Hey y’all!

Last week, I asked for your top burning questions for our experts, and boy, did you deliver! 

I have a bunch of questions from readers, and today, we’re going to dive into a couple of them! 

A few notes: 

 
1) If I don’t answer your question today, that doesn’t mean we won’t get to it! I picked a few to start with and will do some more in the near future!
2) There were a few questions better answered by our customer support team, and I have passed those along! So you might hear from them today or tomorrow if you’re in that group.
3) I’m always looking for more questions, so keep them coming by filling out this form

Alright, with that, let’s dive in with a question for Geof Smith! 
 
 

Question from Cynthia J.: “What’s your ‘set it and forget it’ stock fo the next 25 years?”

WOW!... I’ll be 84 years old by then and probably never remember the question :) 

But I’d probably say NVDA. AI is never going away and neither are electronic games that need cool graphics. 

Note from Stephen: Coincidentally, this would also be my answer, for what it’s worth. I might say CCJ as well. I think nuclear energy is going to play a massive role in our future. But the “set it and forget it” part of the question gives me pause — nuclear energy is still a political third rail, with Republicans embracing it and Democrats seemingly opposed. So it might not be as easy to “set and forget” as NVDA is.

 
Is NVDA Set for Another 239% Surge Like We Saw in 2023?
 
 
 

Jack Carter and Lance Ippolito are standing by to reveal Jack’s ultimate NVDA trading blueprint, and why traders haven’t yet missed out on the chance to target big returns on the #1 stock on the planet! Click HERE to join them now
 

Question from Jan P.: “Graham,  I’d love to get your thoughts on CAVA since it’s stellar earnings. What the heck happened? I was surprised that you haven’t mentioned it since it tanked. After going up almost $25 after earnings, it’s now below its level before earnings. Thanks!" 

I personally sold the stock, as I mentioned in a few places. I’m guessing it was just a classic gap fill lower on profit-taking, plus there is the potential for clouds ahead for the “swanky” restaurant business with inflation, tightening budgets, and worries about a potential recession.

 
 

I’ll probably stay out of CAVA for a while. The stock is up so much, I think it’s a bit overpriced at the moment, and we can find better value elsewhere. 
 
 

Question from Diane C.: “With the $100 Challenge, is this considered day trading?” 

Hi Diane! Yes, the $100 Challenge is a day trade. We are usually in and out within 60 minutes. 

Traders have workarounds for how to trade with me five days per week. Members in the service are doing extremely well day to day and week to week. 

*Note from Stephen: One simple workaround is only to trade three days a week, but it also might be a good question to ask in one of the $100 Challenge live rooms with Chris, to see what other workarounds there are! 

Question from Michael L. “How will Trump’s proposed tariffs affect trading with Chinese companies like BABA and JD?” 

Hey Michael! 

Trump’s tariffs are proposed… but the reality of how harsh and fierce as well as the timeline remains to be seen.

Fundamentally, I still like BABA, BIDU, JD personally and have exposure on them.

China is still actively announcing and adding stimulus measures to support capital markets and property markets.

I’m watching prices closely. I’ve trimmed positions and am sticking to mainly defined risk options plays for now! 

 
 
And back to Stephen! 

Thanks for your questions Diane, Michael, Jan, and Cynthia! Remember: if I didn’t get to your question today, it’s probably still in the hopper for the future! 

And if reading this article sparked a burning question in your brain, just submit it here for our experts and I’ll try to get to it in the future.

Have a great Monday, and an even better week! 

To your prosperity,

Stephen Ground 
ProsperityPub Editor-in-Chief

 
   
 

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