There are many things that are going to affect the market such as analyst opinions, economy, company news, and mergers and acquisitions. As there are many other reasons prices fluctuate up and down, but for today, we will focus on some basics to get you started on the right foot.
Lets discuss three easy ways to take advantage of the market.
1. Keep up with current news.
Current news includes earnings dates, economy news (jobs and interest rates), and dividend dates.
2. Pick two stocks (three max) and follow them on a daily basis. Read about the company and concentrate what analyst are saying about the company.
3. My personal favorite, if the market takes a big hit (last week, May 9-13) then look for the market to rebound the following week.
For instance, Caterpillar (CAT) soared the week leading up to earnings about 10%. In the mean time, Caterpillar has backed off and has retreated almost 9%.
This tells me that you can currently invest in Caterpillar at a discount and ride it back to the top.
Here are my stock picks for the week.
1. Caterpillar CAT $106.41
2. Boeing BA $78.80
3. Deere DE $87.80
All companies are selling at a discount and distribute dividends.
Stock recommendations and comments presented are solely options and opinions and should not factor in to your decision to buy sell or hold a particular security.
All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation.
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