By diving right into stocks which JP Morgan is monitoring, let’s look to end the week on a profitable note together.
Do you know which stock is being referred to as the most valuable stock to own in the entire stock market right now?
I do, and I want to share full details with you right now.
You’ll see on the chart above that this stock’s price action could be lucrative today…
|Ticker Code||Ticker Name||Ticker Industry||Price Change||Average Volume (50)*|
|CCL||Carnival Corp||Travel Services||-12.96%||57,089,787|
|IDEX||Ideanomics Inc||Software – Application||78.03%||57,877,258|
|INO||Inovio Pharmaceuticals Inc||Biotechnology||39.79%||42,201,697|
|PLUG||Plug Power Inc||Electrical Equipment & Parts||43.63%||21,595,611|
|SHLL||Tortoise Acquisition Corp Class A||Conglomerates||60.05%||5,143,635|
|CARS||Cars.com Inc||Auto & Truck Dealerships||-25.70%||1,456,555|
|SNE||Sony Corp||Consumer Electronics||5.98%||1,391,249|
|ARCT||Arcturus Therapeutics Holdings Inc||Biotechnology||30.38%||917,264|
|AAPL||Apple Inc.||Consumer Electronics||11.48%||34,726,594|
|TPTW||TPT Global Tech Inc||Communication services, misc||33.33%||66,943,820|
|AMZN||Amazon.com, Inc.||Internet Retail||14.52%||3,983,112|
|WKHS||Workhorse Group Inc||Auto Parts||83.11%||21,805,242|
|KTOV||KITOV PHARMA LT/S ADR||Biotechnology||47.78%||42,874,574|
|GHSI||Guardion Health Sciences Inc||Drug Manufacturers – Specialty & Generic||-16.28%||7,878,998|
|THS||TreeHouse Foods Inc.||Packaged Foods||-14.69%||682,002|
|BLNK||Blink Charging Co||Specialty Retail||55.17%||3,886,733|
|RPRX||Royalty Pharma plc||Biotechnology||-4.28%||6,285,974|
With JP Morgan being the largest market-cap bank in the world, it would make sense that they frequently analyze and trade Apple (NYSE: AAPL), which is the largest company in the world.
In addition to being the largest company in the world, does it surprise you to hear that financial analysts at Barrons and countless other newswires have referred to Apple as the single most valuable stock to own thus far in 2020?
Of course these whispers start to get me more and more interested in making a move on Apple today…
Add to that…financial professionals are indeed actively trading it right now, and I’m strongly considering making a move as early as today’s opening bell.
Here’s what I saw institutions buy while trying to hide yesterday…
While those options do indeed expire today, I wouldn’t be surprised to see more option sweeps on Apple as soon as this morning’s opening bell.
On both the chart above and option strike prices, it’s clear to me that Apple’s current support of $365.50/share will be a key level to watch today prior to taking a new position.
If Apple trades above $365.50/share, I’ll be interested in entering a call option sweep for a probable day-trade.
Should Apple trade below $365.50/share, I’ll actually be interested in trading put options to catch a piece of a possible selloff.
For those of you who may be wondering: While half the so-called “expert traders” are probably taking off early for the long weekend today, I plan on working a full day as usual to help YOU be successful.
Therefore, of course I’ll be sending a watchlist mid-day. Here’s what came of the TEAM alert I issued yesterday for me…
Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.