One of my junior analysts (Rick! He's the Man!) brought a stock to my attention that is in an attractive sector that could fly under the right conditions.
Add to this that there is a high short interest and there is "meme" stock potential, and this could really be an upside portfolio-buster for us.
In this scan, we look to identify the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega cap status (over $200B).
Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.
But the scan doesn't just end there.
We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.
In today's Flow Show, Steve Strazza and I discuss our growing frustrations with the current market environment. Seems neither our bullish bets nor our bearish bets are gaining any traction in this tape.
What can we do with this information?
Watch the show below to see how we arrived at the details for today's trade.
Here's the Play:
I like entering into a $FCX February 30/35/45/50 Iron Condor for an approximately 70-cent net credit. This means I'll be short equal amounts of the February 35 puts and 45 calls, and long the same amount of 30 puts and 50 calls to cap my maximum risk:
If you want to know what's moving markets this week, and how we're thinking about profiting from it, then the Morning Show is for you!
Today's guest is Jay Woods, New York Stock Exchange Floor Governor and Chief Global Strategist at Freedom Capital Markets. He messaged me that he disagrees with my take on the market so we're about to debate LIVE on the show. You're not going to want to miss this one!
