AMZN Amazon.com Hit by Coronavirus Supply Chain Restraints
When You Click Buy on Amazon, It May Be Sweating the Supply
SEATTLE — What if the Everything Store couldn’t sell everything because of disruptions from the coronavirus?
That’s the situation that Amazon — which typically stocks more than 100 million items, from toilet paper to yoga pants — is working to avoid as the deadly outbreak continues to shut down and slow factories in China that produce the world’s goods.
Read More | nytimes.com/amzn
Goldman says market underestimating coronavirus risk: ‘Correction is looking much more probable’
Goldman Sachs sounded the alarm on Wednesday to clients about a possible correction in the stock market, noting investors are underestimating how big of a risk the coronavirus really is.
Read More | cnbc.com/coronoavirus
Legendary stock-picker predicts best-performing stock of 2020
34-yr-old Matt McCall made history when he predicted five 1,000% winners on national TV. Now he’s doing it all over again. 200 stocks he’s recommended soared 100% or more.
Sixteen recommendations soared 1,000% or more. And he just went public with his #1 pick for the new year. If you’ve ever wondered how legendary investors find stocks that shoot up 10X – and how you can do it too – click here.
Hello and welcome back to today's edition of Smart Money Alerts; Thursday 2-20-20.
Coronavirus has spread and many believe the true effects have not been felt yet. It's reported that amazon.com AMZN has experienced supply chain issues, but the stock continues to trade higher. Pay attention to the price. Price doesn't lie.
Yesterday we received some great questions about when to enter stocks and it really comes down to money. Not your money but the smart money.
In today's video I explain how to know if you should have conviction based on identifying commitments made by the smart money.
If you think about it, the concept just makes sense. People with boatloads of resources have decided to buy or sell a stock. So we should follow them.
But.
How long have they allocated money? Is it two weeks (recent momentum) or 6 months?
In today's episode of Stocks for Breakfast I use IBM as an example to show you the difference. And then explain how that should affect how you manage the trade.
Not all trades are the same. Not all trades should be managed the same. This is a golden lesson that can save or make you a small fortune.
Watch today's video for a short-sale idea and a lesson in how to trail a stop loss on your winners.
Be sure to send an email with any questions: [email protected]
Stocks mentioned in today's video: SPY, NVDA, Z, SQ, JBLU, TSN, AMZN, IBM, PYPL with Pete Renzulli
Get our free daily e-letter SMART MONEY ALERTS: https://stocktradingpro.com/
Trading Book Mentioned: Tape Reading and Market Tactics: The Three Steps to Successful Stock Trading by Humphrey B. Neill
Order Flow Lesson Mentioned:
https://stocktradingpro.com/order-flow-trade-with-the-institutions/
Have a great day.
Pete
