Hey, Ross here:
As corporate earnings kick off, check out your actionable trade idea of the day.
Chart of the Day
HIMS is an exciting new company taking the awkward discomfort out of sensitive medical issues for men and women.
They have two sites – Hims and Hers.
The sites are catered to each gender and offer hair loss medications, prescription skin cream, anxiety drugs, and sexual dysfunction treatments via quick, online doctor visits. The company then ships the drugs or product directly to the customer’s home.
The company went public three years ago, and it has been a roller coaster ride for investors.
Shares have been as high as $25 and as low as $3, all in just the last couple years.
But the stock is showing signs of a new breakout higher.
The 10, 21, and 50-day moving averages are stacked tightly below the stock to form a launchpad setup. We have also seen its price consolidate nicely over the last six weeks as investors digest the blowout earnings numbers.
I bought some on Thursday near $10 per share. The stock needs to stay above $9.35, or I will consider getting out.
P.S. Would you like special trade prospects and potential market moves sent directly to your phone? Text the word ross to 74121.
Insight of the Day
Listening to the pessimists can be damaging to your profitability.
Check out this old CNBC headline from December 2022.
It talks about how 56% of millionaire investors were expecting a double-digit decline in the S&P 500 in 2023 and were sitting in cash planning to stay on the sidelines.
Well, the S&P 500 is up nearly 10% so far this year – meaning these millionaire investors have already missed out on near double-digit returns.
And that’s just the returns they missed out from the S&P 500 – they likely missed out on FAR more if they knew how to play individual stocks correctly.
The lesson here? Listening to the pessimists can be downright dangerous for your financial health.
Don’t be like these millionaire investors. Be neither a pessimist or an optimist – but a trader who knows how to rationally react to the markets and seize opportunities as they arise.
I’m sharing many of these opportunities right here on this very newsletter.
But if you’d like to get the chance to act on these fast-moving trades days before you see them here – just click this link to become a member of my Stealth Trades Gold service.
Today is the LAST day for you to grab a full year of Stealth Trades for just $0.99 – before the price shoots back up. So take advantage today before it’s gone tomorrow.
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
