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This is still a stock-pickers market as pessimists and optimists battle it out.
This is a stock worth owning as telecommuting options are likely to outlive the pandemic.
I don't have a cute acronym, but I guess we could say this is the GPS to find relative value.
We have little choice but to respect the price action above all else.
I see no reason to put much money into longer-term positions right now, but here are some of my biggest positions.
SMAR is one of the few names not releasing earnings right now, and appears an attractive play.
Stocks are not moving in highly correlated action, which favors stock-pickers and technical buyers.
Try a half-size position and watch for this entry point to add more if you want to play Slack before earnings in June.
Intraday trends -- relentless trends -- are becoming the name of the game, so let's focus on the rotation from Nasdaq names into the Russell 2000 and financials.
Let's see what the stock's done in the past four weeks.
Market players are far more interested in looking for opportunities to buy, rather than to sell.
They involve Costco Wholesale, Slack Technologies and Peloton Interactive.
The biotech sector doesn't look anything like a bear market.
I would want to give this trade either a long time or look for a quick drop.
Although there is great fear of the economic issues that lie ahead, there is still a hunger for speculative action in the market.
There will be some long-lasting changes in behavior that will impact the economy in many ways as it recovers.
I see no reason to build any longer-term positions but there are trades to be had.
If you are using logic, fundamentals or charts, it will be very hard to find a compelling reason to support this action.
These names should do well as long as the coronavirus is a threat, and still continue to grow once it is past.
What you are looking for right now are stocks that haven't moved that can get the credit they need.
It could make the difference if the debt and equity markets remained thawed after a brief period of freezing.
Rate cuts and other Fed actions are motivating some tech companies to raise funds or refinance existing debt.
It's still not a stock picker's market, but have a list of names ready to perform amid the coronavirus crisis.
Now the one thing you need to worry about with MSFT, as you have to do with all of the techies, is the GDP.
CEO Satya Nadella has been ahead of the curve focusing on the cloud.
WORK is one of those companies that will thrive in this new world.
St. Louis Fed Pres. James Bullard sees unemployment possibly hitting 30%, while GDP could ultimately contract 50%.
Stimulus efforts could give a boost to 5G infrastructure spending, and usage spikes for many online services could drive higher cloud capex.
I would posit that when we see the excitement around General Mills and Campbell Soup wane, we'll find more stability in the market.