Chris Lau
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Chris Lau in Value Stocks,

Thursday’s Action List (November 3 2016)

  • 1.Buy the Facebook (FB) dip. Ignore valuations (60x P/E but fair forward P/E for a growth company). FB is the only one that figured out how to monetize mobile.

  • 2.Watch Fitbit (FIT) after the company reported weak sales, excess old models in the inventory and channel, and lower holiday says. FIT is down 30% pre-market.

  • 3.Expect higher volatility ahead of elections. Trade, don’t own, the VIX ETF (VXX)
  • 4.Trade Valeant Pharma (VRX). Double-digit moves in the last three days make winners or losers from bulls and bears
  • 5.Buy gold and biotech (IBB) if expectations play out of a Trump win. Short USD. Avoid gold and biotech if HRC wins (this outcome is widely expected). GLD GDX.
  • 6.Get bullish on First Solar (FSLR) after the company reported better revenue and gross margins.