♟ I Recommended This Stock $100 Lower (Are You In?)

 
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I Recommended This Stock $100 Lower (Are You In?)
Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance
Pawn Chess Piece The number of Costco memberships now exceeds that of cable TV subscriptions in the U.S. Wow...
 

He spotted Tesla at $35... Facebook at $28... and Netflix at $23...

Bryan Censored
 
Now this former Chicago Board Options Exchange trader declares...

Stockflation is here.

Lean How to Protect Your Cash Now
 
WAROverheard Inside The War Room
Pawn On the news of Richard Branson's successful spaceflight aboard his Virgin Galactic spaceship, we asked this morning in The War Room, "Will we see a sell on news event take shape later in the session?" The answer... you bet! SPCE was down $7 around lunchtime - making this another spot-on prediction.
Pawn With DS, we may see the beginnings of a move back to the $3.25-to-$3.30 level. Tracking.
Pawn Members got in and out of STLD this morning, locking in quick gains to start the trading day! Click here to start your trading journey!
 
Bryan Bottarelli
I hope you acted on one of my best calls recently...

Back on March 8, I called Costco (Nasdaq: COST) "the most unloved stock on Wall Street."

My Action Plan was clear as day...
 
  • Costco is one of the best retailers in the country. It's proven to be Amazon-proof and will soon benefit from a fresh round of statewide reopenings and stimulus checks going out. The stock is an absolute steal on a pullback between $290 and $300 per share.
 
The reason for this prediction was simple...

Back in early March, Costco reported that sales jumped 15% while e-commerce sales jumped 75%. And yet, despite these numbers, Costco's stock opened lower - and traded at levels it hadn't seen since July 2020.

Because of this odd rection, I told you that Costco was the most unloved stock on Wall Street.

Boy was I right...

If you followed my advice - and you bought Costco on the pullback between $290 and $300 per share - you just watched the stock gain more than $100 in three months.
 
Costco Daily Chart
 
Can Costco continue going higher?

Lately, it's been a safe haven here in this "summer doldrum" period (more on this in tomorrow's edition of Trade Talk Tuesdays!).

But in terms of bullish triggers, Costco continues to look strong.

For example...
  • The median age of a Costco shopper is 43, which, to me, screams "prime spending years" as well as "massive lifetime value."
  • Costco's Kirkland brand did $52 billion in sales last year - which is $20 billion more than Coca-Cola's sales.
  • The number of Costco memberships now exceeds that of cable TV subscriptions in the U.S. Wow.
Action Plan: I liked Costco $100 below current levels - but the upside remains in play. I consider Costco a stock to buy on any dips of 5% or more.

Yours in smart speculation,
Bryan Bottarelli Signature
Bryan Bottarelli, Head Trade Tactician
Monument Traders Alliance
 
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WAR Room Testimonials
  
WAR King Tad July 12, 2021, 10:04 a.m.
I opened STLD at $4.10 and closed for $5.00 for a 20 min gain of 22%. THX BB!
  
  
WAR Knight Nick F. July 12, 2021, 10:05 a.m.
I opened STLD at $4.20 and closed for $5. Nice 19% gain to start the week. Merci BB!
  
 
What Beat the SP by 16X?
 
 
 
 
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