Stocks to Buy after June 20th (SSO, UYG, ITB)
Thanks to today's decline we recommend going long on the S&P 500, U.S. Financials, and U.S. Homebuilders. That means buying up ProShares Ultra S&P500 (SSO), ProShares Ultra Financials (UYG), and the iShares Dow Jones US Home Construction (ITB).
Thanks to the wicked 2%+ loss in the major indexes on June 20th Mastery is betting on these 3 ETFs for a comeback. Everyone lost money today and rather then pick stocks we are going with sectors. These 3 sectors have the most to gain should the economy continue to slowly improve. The Talking Heads believe the U.S. is on the right track and slow growth is in full effect. The ETFs the Masters plan on buying are the SSO, UYG, and ITB. Recall that the home builders and banks have brought us back from the 2008 brink. These names will continue to prosper but we prefer to go with the ETFs rather then risk individual stocks.
The S&P 500 has lost 3.7% of its value since Wednesdays close. To think that it won't bounce back is insane. Friday will be a dead cat bounce for the S&P which is why the SSO is a great play. Thursday's 2% massive selloff was the worst performance for the Dow Jones and S&P 500 year-to-date. Do you really think the pullback will continue?
As we head into Friday morning U.S. futures are trending slightly up. This is good news for longs, we don't expect the Bears to continue the win. The lastest according to Bloomberg.
|Index Future||Future Date||Last||Net Change||Open||High||Low||Time|
|Dow Jones Indus. Avg||Sep 13||14,709.00||+8.00||14,700.00||14,716.00||14,699.00||20:59:32|
|S&P 500||Sep 13||1,584.60||+0.70||1,585.60||1,586.00||1,583.00||20:59:32|
ETFs OF INTEREST
ProShares Ultra S&P500 (SSO) is trading at $75.95 and its shares are 33% from its 52-week low.
ProShares Ultra Financials (UYG) is trading at $ 89.78 and its shares are 14% from its 52-week high.
iShares Dow Jones US Home Construction (ITB) is trading at $22.34 and its 17% below its 52-week high.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Fed Positioning to Normalize Policy | Financial Sense
- Speculative Fervor Heating Up | iBankCoin.com
- To Everyone Saying Russia Is "Isolated", Here's A Map | ZeroHedge
- Saudi King Warns ISIS "Will Reach Europe In One Month, US In Two" | ZeroHedge
- A Look at the Coming 30-Year Inflation Cycle | Financial Sense
- WHAT THE HELL IS GOING ON? | iBankCoin.com
- Volatile Day: Gold, Oil, & Bonds Dump As The Dollar Jumps | ZeroHedge
The most relevant financial news and articles from the Internets
- The Truth About Sapphire, The Insanely Hard Material Apple May Use For The iPhone 6... | Business Insider
- Greenberg: Parsing an Irrational Defense of Williams-Sonoma | TheStreet.com
- Here's How Upgrading To iOS 8 Could Mess Up Some Of Your Apps | Business Insider
- The Best Business Schools of 2011 | BusinessWeek
- People Are Complaining About The Anime... | Business Insider
- Arsenal boss Wenger jumps to mis-firing Sanogo's... | Business Insider
- Notable Mergers and... | StreetInsider.com