In my 48 Hour Income service last week, we sold a put on online pet food store, Chewy (CHWY). In 48-Hour Income, the goal of the service is to generate 1% to 3% returns per week by selling 2-day puts in certain stocks. CHWY had somewhat elevated volatility despite having earnings the week before. There […]
Author: Jay Soloff
Under $10 POWR Stock of the Week: Medallion Financial (MFIN)
While the latest “pause” from the Federal Reserve has markets rallying in anticipation of rate cuts next year, for borrowers rates remain high. And, if the Fed does begin cutting next year, it’s highly doubtful that rates will come down anywhere near as fast as they were raised over the past year. That leaves a […]
Trade of the Week: RILY
Last week, in my 48-Hour Income service, we sold a cash-secured put on financial services company, B Riley Financial (RILY). In 48-Hour Income, the goal of the service is to generate 1% to 3% returns per week by selling 2-day puts in certain stocks. RILY had become volatile after earnings, and the put premiums remained […]
Jay’s POWR Income Stock of the Week: Torm PLC (TRMD)
Oil markets have been on a bit of a rollercoaster this year. The expectation going into 2023 was that oil would be fairly range bound, with the majority of its time spent in the upper part of the range. And while it has dropped in price recently, that drop is from a September/October price spike, […]
POWR Stock of the Week Under $10: Virco Manufacturing (VIRC)
With the pandemic fading into the rearview mirror, there has been a reluctant, but irrefutable move back to the office and back to school. But, if you’ve been to a classroom recently, you may have noticed a change from when you and I were sitting behind a school desk. Everything seems to have wheels on […]
Jay’s POWR Income Stock of the Week: Ternium SA (TX)
The current economic cycle has been, in a word, unusual. Housing stocks have remained strong even as banks have failed and mortgage rates have skyrocketed. Infrastructure stocks have done very well, and there is currently a bidding war breaking out over U.S. Steel (X – Get Rating). And consolidation in the steel industry should further lift the industry […]
Trade of the Week: GME
Last week, in my 48-Hour Income service, we decided not to sell a cash-secured put on meme-stock favorite, Gamestop (GME). In 48-Hour Income, the goal of the service is to generate 1% to 3% returns per week by selling 2-day puts in certain stocks. GME was up big with retail traders active ahead of earnings […]
POWR Stock of the Week Under $10: Himax Technologies (HIMX)
This doesn’t happen as often as it did even a few years ago (because it’s done automatically in the background now), but do you remember when you would get an alert on your computer that you needed to “Update Drivers”? Did you ever wonder exactly what a driver was and why they always seemed to […]
Trade of the Week: M
Last week, in my 48-Hour Income service, we sold a cash-secured put on department store stalwart, Macy’s (M). In 48-Hour Income, the goal of the service is to generate 1% to 3% returns per week by selling 2-day puts in certain stocks. M had earnings coming up the next day and its put option premiums […]
POWR Stock of the Week Under $10: PHX Minerals (PHX)
At the beginning of 2020 PHX Minerals (PHX – Get Rating) began a massive change. The company, which prior to this date had been known as Panhandle Oil & Gas, began a wholesale transformation. This included a management overhaul and an almost entirely new business model, which is now paying dividends. Today, PHX acquires and develops non-developed oil and […]