We’ve been dealing with the pandemic for over a year now. With more stimulus and vaccine options on the way, now is as good a time as any for Joy of the Trade’s Jeff Zananiri and I to share some reopening stocks to target.
And even though we’ve had some good trades, the market has been a little erratic. The best day the stock market has seen recently was on the heels of new vaccine news from Johnson & Johnson (NYSE: JNJ).
But now, as many in the U.S. expect another stimulus check, we’re also looking to reopen. And Wall Street is already pricing in some stocks to target for reopening.
Travel stocks are getting hot, people are feeling more comfortable going out — even gentlemen’s club stocks are trending upward…
Yes, you can buy stock in strip clubs… like RCI Hospitality Holdings Inc. (Nasdaq: RICK).
People are getting ready to go out and spend that new stimulus money. But the stock market isn’t exactly the place to make it rain.
So where should you put it?
The reopening play has had an interesting impact on the stock market. Travel stocks are going up, but you shouldn’t invest in a travel stock just because…
One of our favorite names, PayPal Holdings Inc. (Nasdaq: PYPL), is taking a hit. The world opening up doesn’t mean people are going to stop “Venmoing” each other for everything — and PayPal is getting a piece of that.
The moral of the story is: Don’t forget that certain tech stocks aren’t going away. Companies are still going to use Zoom Video Communications Inc. (Nasdaq: ZM) — another stock taking a hit in America’s reopening.
Be smart with your money as we open back up.
With that being said, we’re seeing some movement in companies we haven’t talked about in a year. So check out Joy of the Trade’s Jeff Zananiri and I’s video below to see some of our favorite stocks to target for reopening.
And as always, don’t forget to subscribe to my YouTube channel if you haven’t already so you can be notified as soon as I post my next video!
P.S. This former Wall Street analyst just sent a secret list to an emmy-nominated journalist.
There’s a controversial truth inside about some of the richest CEOs and executives… About what they’re legally allowed to do to their own stock price.
I’m willing to bet that you haven’t heard anything about this… because all this activity is done “behind closed doors.”
But if you look away from the stock market — and toward this “secret sector” instead — you can spot this quasi-legal activity up to 48 hours before the elites profit from their own moves.
And the Wall Street analyst who put this list together is finally pulling back the curtain on this disturbing truth.