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Investment Opportunities

My Top Coronavirus Pick Was Up $18 at Midday

As you know, back on February 24, I wrote the following article, “My Top Coronavirus Picks (You Won’t Believe Pick No. 3)”.

One of my picks that day was Netflix (Nasdaq: NFLX).

My rationale…

Think about it. What else are you going to do when you’re quarantined – trapped inside your own self-contained cage? You’re going to binge-watch TV. And in the process, you’ll get yourself hooked on a ton of new Netflix shows. Call me crazy, but I honestly think that the absolute worse-case scenario in the coronavirus epidemic is potentially very bullish for Netflix. I’d nibble on today’s dip.

What happened today?

By midday, Netflix was up $18.

In a word… Boom!

Granted, some of this gain came from the unexpected shake-up at Disney – and the ultimate benefit this could mean for Netflix. But still, we caught an $18 pop on Netflix in one day.

And remember…

This came during a week where the Dow just logged its worst two-day percentage drop in two years. In terms of total points, it ranked as the largest two-day downside move in history (down 1,910 points).

In just the past two sessions, the S&P 500 lost more than $1.7 trillion in value.

Simply put, what we’ve witnessed in the first two days this week has been truly historic.

So again, what’s the best action plan right now?

In many respects, the best plan is exactly what I outlined yesterday, when I recommended buying ProShares UltraShort Dow30 ETF (NYSE: DXD) calls…

And then selling them each time the market reverses lower.

It may sound oversimplified.

But in just the last two days, members have done this four times in The War Room – and they’ve been profitable every single time.

But just in case you missed all of our wining ProShares UltraShort Dow30 ETF plays…

Or you missed our winning play on Clorox (NYSE: CLX)… or Netflix moved too fast…

Here’s another idea: Roku (Nasdaq: ROKU).

Action Plan: Just eight days ago, Roku was trading above $150. But now, with all the market weakness, it has retraced back to $115.

If you’re looking for a dip play on a company that I consider a worse-case coronavirus winner (aside from Clorox and Netflix), then this is your move today.

If you want to start making winning plays, join me in The War Room!


About

Bryan graduated with a business degree from the highly rated Indiana University Kelley School of Business, and his first job out of college was trading stock options on the floor of the Chicago Board Options Exchange. He was mentored by some of the country’s top floor traders in the heart of the technology boom from 1999 to 2000, where he learned to identify and implement some of his most powerful trading secrets. Now he shares his secrets with a group of elite traders. We will be republishing some of his highly sought after content from his free e-letter, Trade of the Day.

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