Good Morning and Happy Friday!
Some Interesting late-day news yesterday as Treasury Secretary Janet Yellen, made the announcement that a LARGE Covid Relief Package is needed for a full recovery in the U.S. This news is pushing the market higher at the moment as all three Indexes are GREEN.
-DIS a fan favorite in Elite TradeZ made a mid-day announcement that they will be adding an Adult Channel to DISNEY+ in an effort to continue their rapid growth in subscribers for the streaming service. This news pushed the stock back in the mid 186s level before closing down (1.85%) at 183.00. The stock is currently up 184.50 and is part of our TOP 5 picks of the year. We will continue to trade this stock short and long term.
-WMT reported worse then expected earnings, which drove the stock down over 7% for most of the day before settling down at 137.66 (-48%) Even with the sub-par ER WMT received a PT upgrade to $160.00
I think we can see a strong Green day today, as the Stimulus is exactly what the markets wanted to hear. This could, for the short term, push out thoughts of a market correction.
Crypto Markets continue to increase as we see BTC approaching the 53k Level at the moment.
AAPL Top Targets 131.14, 131.99 Bottom Targets 130.04, 128.82
SPY Top Targets 392.93, 395.37 Bottom Targets 391.65, 390.67
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*Please note: Elite TradeZ LLC is an online platform for chats, education and alerts. All information here is for educational purposes only and are opinions made by the author. These are only suggestions of the author and not financial advice or solicitation to buy or sell equities. Trading stock and options require a high degree of skill and high level of risk. Please contact your financial advisor for any questions you made have.