Really Wish I Discovered this EarlierFirst off, please don't take anything I say seriously. As always, this is not meant to be taken as financial advice and is on opinion based basis. That being said, we all have investor regrets. Wayfair and Overstock.com have increased dramatically. Imaging having been able to 6x or 9x your money in a matter of few month. It is almost as if everyone started disproportionately buying furniture online at the same time. It shows how the internet retail environment boomed during the Covid19 period. If I had a stock screener, I probably would have picked up on those two stocks and bought them. That being said, today I started formulating a paper trading strategy with an Overstock.com trade to see how it does. I think Overstock currently has some more growth potential, although both been on an extremely bullish run which means likely there could be a bubble or some small upcoming resistance curves. Wow, the CEOs of those companies must be jumping for joy right now. These two stocks + the demand for Clorox have went up dramatically. Besides that, don't forget all the biopharmaceutical stocks that went up during this same time period.
Earningscalls
Macy's at a Downward Spiral, but has Long PotentialPlease don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. First off, for buying Macy's as a stock right now prior to the earnings call, there is no way I am doing that (even if it goes up). Given the dramatic hit that retail took, the earnings call is expected to not be so positive and the risk is too high. However afterwards, Macys does have potential for a long asset hold. The demand curve for retail is expected to go back up when everything is back to normal, and it took a hit from being $17 shy of few month ago.
$FTNT: Next Short Target is $120First off, please don't take anything I say seriously or as financial advice. As always this is on opinion basis. That being said, let me get into a few points. Looking at past correlations and their date ranges, plus the current neutral views on FTNT ratings and the fact that earnings are expected to grow for the call in 3 days, I expect a short target of at least $120 for a quick profit to be quite reasonable with manage-ably low risk.