- New Trades -
(April 12, 2015)
No new trades tonight. Last week our new watch list candidate EWI, the ETF on Italy, graduated to our active play list.
Tonight I'm adding ASH and IR as new candidates. I would also keep a close eye on shares of Walgreens (WBA), which rallied on its recent earnings report. A pullback toward support in WBA might be a new entry point.
The next few weeks are going to be flooded with Q1 earnings results. Corporations will be blaming the strong U.S. dollar for poor Q1 results. I am suggesting investors wait to see how the market chooses to interpret this excuse and how bad earnings really are before committing a lot of new capital to longer-term LEAPS positions.
Here is a list of stocks on my radar screen. These have potential to be LEAPS trades down the road if the right entry point presents itself. In no particular order:
STZ, HP, A, PFE, SBUX, EWJ, JBHT, CSX,