New Years Watch List Tech | Banks | Oil | Crypto and More!
Happy 2018 everyone! May you have an awesome year of investing to come. There’s a few things we can summarize of what’s happened in the last quarter leading up to the new year. The financial markets have shown incredible volatility across many sectors. It’s important to note that volatility is synonymous with opportunity. There’s certainly much less opportunity in the markets when things are trading sideways, or barely moving at all. So let’s be grateful for that, eh? The markets remain interesting for now.
And thus we can recap some interesting current events. Let’s begin by talking about tech/software/hardware stocks. Many big names like NVDA, AAPL, MU, AMD are trading just below their all time highs after recent retracements. So the play here is to figure out if these stocks will continue to descend in the first quarter of the new year, or if traders will soon catch on that it’s rather unlikely these stocks will stay below their all time highs for much longer. Which leads one to ask if now may be a good time to be taking long positions in the tech sector.
Conversely, across the oil sector with stocks like CVX and VLO you’ll find that these are trading at or near their all time highs. This could be the time to jump on the trend or it could be the time to start selling some shares. As always there’s many factors to consider in oil commodities and their ties to production and profit. As such it’s a notable current event and whichever side you take be sure to proceed with caution.
Much the same could be said about the banking industry as a few of them are also trading at all time highs or have shown significant growth as they’ve bounced back from their lowest point back in ’09. A few honorable mentions certainly include BAC, C, COF, JPM, and WFC. Again, one must ask how long is this trend to persist? What would have to occur for these stocks to reverse in the other direction? It’s possible that such monoliths will continue to bounce back stronger than ever. In which case it might be wise to not ignore the signs.
Another major event that’s occured recently has been Bitcoin hitting $20K and subsequently tumbling to sub $14K. For many who stood idly by watching this utter monstrosity occur it may signal the best time to finally jump aboard the hype train that has enveloped the crypto currency world. Or at the very least begin to take crypto assets seriously. Just as many of the large players have been urging those outside the circle for years now. Although, it must be said that even if you feel that metaphorical boat has sailed, there are certainly other opportunities in the crypto world that one might consider. For instance, Litecoin, XRP, Monero, and Ether are certainly worth taking a look at.
Lastly, I want to leave you with the typical weekly watch list of highly volatile stocks that happen to come across my scanner. They are… ATRA, GCAP, OSTK, RIOT, ROKU, TIVO, TWMJF, VRX, and WATT.
That about sums it up for now… I want to take the time to thank you for reading this post and wish you all the best year to come!