Best Stock Picks Today | PTON Earnings 9-11-20
BEST STOCK PICKS TODAY
Trading Game Plan 9-11-20
The stock market continues to flip-flop and leave us wondering who will blink first. Have the bulls taken a break or have the bears just begun the carnage?
Yesterday at 3:50 pm we stated "I'd be surprised if the market opens higher." Well, stock futures are trading much higher.
Buyers could not sustain the higher open yesterday, so we need to work our orders in pieces today until we get "feedback" from the price action.
PTON (Peloton) earnings exceeded expectations and traded into all-time highs. We're looking for the stock to trade through 100 today.
PENN stock also traded into all-time highs and we're looking to continue buying the stock today.
DKNG stock (DraftKings) has rallied for 3 days and a push higher today will most likely pause near the $46 level. This sets up a new wing trade long after a few days of consolidating.
An aggressive Saturation Play setup today comes from BYND. After news and 3 days of buying I'm looking to short sell a higher open through yesterday's high.
In total, we discuss 12 new stock picks for today.
Have a great day.
Pete
