Real quick before I give you this weeks top trending stocks: I’ve been waiting for March to come around for months!
And that’s because there’s one hotel stock I’ve had my eye on that has historically jumped double digits every March for the past 10 years. Want to see what it is? Check out this video I recorded for you.
Now back to our top stocks for the week:
To help you discover the power of trends, every week, every week, I share with you a handful of the top trending stocks.
These stocks are picked by the custom-built TrendPoint software I designed to pick the strongest trending stocks in the market right now.
If you know anything about me, you know that every trade I get into starts with a trending stock.
Unless a stock is in a strong trend, I don’t want to hear about it. In my book, wishy washy stocks are the quickest way to losing money.
This Week’s Stocks
Markets sagged a bit last week and they opened down today. But both the SPY and the QQQ have been climbing throughout the day.
Remember, we don’t predict. We trade what we see. And markets are still in bullish territory, so…
Here are your 3 bullish picks for this week.
Remember, we always trade in the same direction as the broad market.
- TRV
- MAR
- AIG
And don’t forget about last week’s picks, which you can find here.
This week’s stocks show a strong trend and could still be in play for the next few weeks.
What can you do with these stocks?
Well, there are a couple of things you could consider — after doing your own research, of course:
- You could just buy the stock. This is probably the simplest thing you could do. Then just wait for it to go up and sell when you hit a profit target you’re comfortable with.
- You could buy an option. You know I’m not a fan of speculative plays, but every once in a while it doesn’t hurt to throw a little cash at a speculative option. Of course, while options can move bigtime if the stock goes up… the downside of options is that you have a time limit on how quickly you need the stock to make that move.
- You could do an income play. If you’ve been following me for any length of time, you know that I’m a big fan of income plays, because they increase your odds of winning. We do this by SELLING options instead of buying them. If you haven’t tried your hand at income trading yet, I urge you to try this exercise for yourself.
Without risking any money, it will really let you see the power of income trading and why it’s my favorite method.
Whether you end up doing naked puts, covered calls or some kind of spread, this is really my preferred method to use when I’ve found a great trending stock like the ones on this week’s list.
That’s it for now.
Stay tuned, because I’ll be sending you a new list of TrendPoint Best Trending Stocks every week! (usually Mondays)
Trade well,
Jack Carter
