Find The Best Stocks With Perfect Trade Setups In Minutes A Day

Stop wasting time looking for the right stocks.  Free training on how to find perfect stock trades that can move 300-1,500%.  Learn the # 1 key to successful stock investing and how to find success even If the market is crashing, rebounding… or just going sideways.

Do Not Delay - Click Here Now

 

1 Dow Stock This Trader Says Is In A “Beautiful Kind Of Parallel Uptrend”

This stock could see massive upside according to one expert trader.

The Dow just capped off its best quarter since 1987, gaining 23% between April 1 and the end of June. 


If you're a stock investor who wants to retire early, check out this free training and learn how!  Click Here


While the index is still down around -10% for 2020 with around 80% of the Dow 30 stocks in negative territory for the year, one expert trader says there’s one stock in the index that’s on its way higher.

“There’s several names that we are constructive on that we hold in our portfolios, one of which we like is Home Depot (NYSE: HD),” Todd Gordon, managing director at Ascent Wealth Partners, said this week. 

“The building supply stores have remained open during the shutdown. They were deemed essential services, they didn’t have the disruptions that so many other brick-and-mortar shops did. So the housing sector has stayed strong,” Gordon added. “We have low, persistently low interest rates, there’s tight supply on the low end, construction at the middle range.”

Home Depot shares are up nearly 14% so far this year, and gained 40% in the last quarter. Gordon says the stock could still see another run of nearly 41% before it hits resistance.

“Home Depot is in a beautiful kind of parallel uptrend,” Gordon said, adding that the stock is “following a nice stair-step higher and that will show that we don’t have resistance until about $350.”

Source: TradingView.

But while Home Depot shares are a buy for Gordon now, there’s one stock in the index he says investors should steer away from now.

“We continue to be bearish and underweight energy, specifically… avoid Exxon (NYSE: XOM),” Gordon said. “Prices have firmed in the second quarter, [but] there’s just a ton of supply in the market… so it’s going to cap prices.”

By the way, if you liked this article, you'll LOVE this Meaty free training I just published on the top 3 questions and challenges every investor faces AND how to overcome them. It's titled "10k into $2.4 Million in 18 months" and you can grab it for free here

There are risks inherent in all investments, which may make such investments unsuitable for certain persons. These include, for example, economic, political, currency exchange, rate fluctuations, and limited availability of information on international securities. You may lose all of your money trading and investing. Do NOT enter any trade without fully understanding the worst-case scenarios of that trade. And do NOT trade with money you cannot afford to lose. Past performance of an investment is not necessarily indicative of its future results. No assurance can be given that any implied recommendation will be profitable or will not be subject to losses. Information provided by the Company is not investment advice. The Company is not a registered investment adviser, stock broker, or brokerage. You agree that the Company does not represent, warrant, or take responsibility that any account will or is likely to achieve profit or losses similar to those shown. Examples published by the Company are selected for illustrative purposes only. They are not typical and do not represent the typical results of all stocks within the Companys software or its individual scans and searches. No independent party has audited any hypothetical performance contained at this Web site, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified.

FREE TRADING WEBINAR - TRADERSPRO PRESENTS: Starting With Only $10,000 Retire With $2.4 Million? Click Here Now

Join Us Now
X