Chris Lau
All posts from Chris Lau
Chris Lau in Value Stocks,

Tomorrow’s Moves for Wednesday, August 2, 2017

Above: SNAP's new Logo

  • Continue avoiding SNAP. The insider lockup will lift stock supply and put pressure on the stock. Long-term PT is $10.
  • Ford hovers near yearly lows despite the $2B in earnings reported last quarter.
  • Rite Aid (RAD) shot higher, up 6% on the day but its long-term prospects are unknown. Speculative.
  • MU stock is holding $28 and trades at a discount. Last chance before a rally back to $30 - $32? Hold
  • In the resources sector: CHK is holding an upward pattern but all the matters is NG prices stabilizing.
  • AKS and USO are steel suppliers out of favor. Until construction activity improves, avoid.
  • AAPL reported a solid quarter. Trade the rally. Buy.

What are you trading tomorrow? Post below!

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