Trade Findings and Adjustments 12-14-2023
Keve Bybee – keve@hurleyinvestments.com
What’s been going on?
– FED announced no rate hike and looking possibly 3 rate cuts in
2024
– Stocks rallied nicely
– Only negative is if we run into a recession next year as rates remain
high.
– This means we focus on following trends and watching economic
numbers and earnings numbers.
– Most of the market return this year has come because of our 7 big
stocks
– Should be time we see some of our other stocks run that haven’t.
BAC, BA, DIS, F, JPM, UAA
BAC – Market sees less risk in bank stocks with the FED rate pause and
upcoming cuts. My pick for a bullish trade into the end of the year.
Watch over the next few days to buy some LEAP Calls on BAC on a
short term pull back. You can also look at February monthly calls for
a shorter run.
BA – Fundamentally has room to run up to 280 over the next few
months. Definitely look longer term with some LEAP Calls as it might
cool off before it continues higher.
DIS – Better chance of a long term rally. Look at LEAP Calls as well.
JPM – Similar to BAC but BAC might give you more opportunity.
● Page 2 12/14/2023
UAA – Good Christmas rally stock for shorter term Calls out to
February. Longer term LEAP Calls are a good idea as well.
