| Folks, it's time for another weekly rundown! We're going to share our trade ideas and analysis — as well as our big winners — from the team at MarketWealth. So let's get into right now!
With all of the uncertainty and volatility we're seeing in the stock market today — inflation, the Nasdaq snapback, etc. — we thought we'd touch on something that has us a little excited... There's a new type of crypto that is sweeping the nation — even more than Bitcoin!
We're talking about the NFT movement.
A non-fungible token (NFT) is an alternative form of cryptocurrency. Rather than a company using an outside crypto, it can create its own NFT with blockchain tech that can be used as a form of payment, or as a collectible.
I've been talking about this blockchain tech for a while, and how it's separate from cryptocurrency. I think there could be a ton of offshoots using this tech… And we have no idea how big it could become.
As more and more companies create their own NFTs and the technology advances, we're excited about the possibilities. My good friend, Joy of the Trade Head Trader Jeff Zananiri, has put a lot of thought into this new form of crypto.
In his words, he wants to know what the kids are doing — and if he can make money off of it, he's interested!
NFTs: A New Wave of Crypto
Right now, the NBA has the No. 1 NFT. You can buy video trading cards using these tokens through the NBA website. But the best part? Both the tokens and the video clip appreciate in value as collectibles!
In fact, The Wall Street Journal just reported a man who invested $175,000 in NBA Top Shot NFTs is now sitting on $20 million!
And Jeff saw something I didn't even think about — a strong relationship between this new crypto movement and GameStop Corp. (NYSE: GME).
We all know that GameStop's stock is going absolutely crazy, trading around $270 Friday afternoon, and he even cautions you to not try this at home. He noticed that GME is moving like a crypto. Its volatility is off the charts, and people are buying out of anticipation.
Bitcoin... NFTs... all cryptos — except maybe Dogecoin — are bought in hopes of what they could become in the future. Jeff sees the same thing with GameStop.
If it is part of this NFT movement, then GameStop has the potential to become a giant, digital center for gamers. The stock price is definitely crazy for what GameStop is right now (it was around $18 a share before the shorts got squeezed), but Jeff sees some potential you should keep an eye on.
I hope that helps!
Now on to some…
BIG Wins!
We had a few more big winners this week from our Burn Notice Alerts, Money Link and Microburst Profit Signals services. The trade from Burn Notice Alerts was on American Express Co. (NYSE: AXP). The winner from Money Link was on the SPDR Bloomberg Barclays High Yield Bond ETF (NYSEArca: JNK). The play for Microburst Profit Signals was on Crocs Inc. (NASDAQ: CROX).
After a six-day streak of gains, we traded the pullback from the overheated financial sector. We were able to jump into this trade and get a 60.6% return in only one day!
+60.6% on AXP (March 19 $150 PUT). - Entered on March 8 at $3.35 a contract.
- Exited on March 9 at $5.38 a contract
Money Link uses mathematical links between stocks and ETFs to try and capture gains whether the market goes up or down. This week we closed out one side of our trade that we initiated in February for a 64.71% gain! This ETF aims to give investors diversified exposure to high-yield, dollar-denominated (junk) bonds.
+64.71% on JNK (March 19 $109 PUT). - Entered on Feb. 17 at $0.85 a contract.
- Exited on March 9 at $1.40 a contract
We jumped into our Crocs Inc. (Nasdaq: CROX) trade after it made new highs three weeks ago before pulling back below the 50-day moving average. CROX traded higher all week and we took a 37.80% return after three days!
+37.80% on CROX (June 18 $80 CALL). - Entered on March 9 at $8.20 a contract.
- Exited on March 12 at $11.30 a contract
If you have a big score you'd like to share with your fellow MarketWealth readers, email us your screenshots of the trade and/or any details you want to share at wptestimonial@gmail.com, and we'll celebrate them here!
The Pandemic Is Ending. These Back-To-Normal Stocks Could Soar It's no secret that multiple sectors were hit hard by the COVID-19 pandemic…
But the tables are finally turning. And since the market is a forward-looking mechanism that prices things in ahead of time, there's a group of back-to-normal stocks ready to blast off.
So this week I discussed four back-to-normal stocks that are on my radar that you should add to your watchlist, too!
I see sentiment for these stocks driving their prices even higher over the next few quarters...
◼ SeaWorld Entertainment Inc. (NYSE: SEAS) SeaWorld is an American chain of marine mammal parks. They're most famous for their marine life like killer whales, dolphins and sea lions. However, the park also offers entertainment shows and amusement park rides.
If you look at SeaWorld's stock price, you'll notice it was trading around $29 per share just a few months ago. It's at the $50 level now that the world is finally starting to discount the COVID-19 pandemic and look ahead to things returning to normal.
◼ Six Flags Entertainment Corp. (NYSE: SIX) Six Flags is headquartered in Arlington, Texas. It's the world's largest regional theme park company because it owns more parks than any other company like it.
At the end of January, Six Flags was trading around $4 a share. Now it's around the $50 level and making brand-new highs. If that's not a huge change in sentiment, then I don't know what is!
◼ Live Nation Entertainment Inc. (NYSE: LYV) Live Nation is the world's leading live entertainment company. It promotes, manages and operates ticket sales for live entertainment events internationally and in the U.S.
In February 2020, the stock was trading at about $75 a share. It dropped to the $22 level last March in the early wake of the pandemic, but picked back up and is now trading at $90 per share, holding steady above its 50-day moving average.
◼ Walt Disney Co. (NYSE: DIS) Disney is another American entertainment and mass media company — perhaps the most well-known in the world! But this one has five business segments: media networks, parks and reports, studio entertainment, consumer products and interactive media.
Following a couple months of consolidation, Disney went from trading at about $170 to $190 in a matter of weeks. Now it's knocking on the door of $200 a share!
I think you see the point I'm trying to make here. People are tired of staying home. Back-to-normal stocks are rising, and we're going to see more and more of them spike in the next few weeks.
Signing Off
If you're looking for more compelling trade ideas and stock market musings to help you prepare for what lies ahead, here's what other experts at WealthPress are saying:
Thanks for being a MarketWealth reader and enjoy the rest of your weekend!
Roger Scott MarketWealth | 
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