(Recorded on 11/12/24) In this member video, we dive into Bitcoin’s post-election price action and analyze key chart levels that could shape its next moves. We also outline our strategy for approaching a Bitcoin sell plan, including how we will reallocate...
THE ‘BARRON’S EFFECT’
The Barron’s Effect: Honeywell Pops 4% in a Week
In a nutshell, I began reading Barron’s weekly magazine about 12-15 years ago and noticed that some of the stocks that were profiled in each issue would immediately rise in price the week after the magazine’s release.
Why? Because Barron’s boasts an influential readership of hedge fund gurus, money managers, and financial advisors from across the country. Some of them will invest based on Barron’s stock analysis causing a sudden demand for the profiled stocks the following week.
But not every stock profiled in Barron’s will rise. Over the years I have learned how to spot the most likely candidates and just recently, I decided to share this strategy with our Pro Traders. Now, every Sunday evening, our Pro Traders get the details on one stock featured in Barron’s that I think could rise during the coming week.
As you can see from the above chart, I shared Barron’s recommendation to buy Honeywell stock with our Platinum member subscribers last Sunday evening, May 11. Since then, the stock has risen by 4%, which is an excellent return in just six trading days, especially on a Fortune 500 blue-chip stock!
Until tomorrow,
Jerry Robinson
P.S. Do you want to receive our Barron’s Stock Pick each Sunday evening? Sign up to become one of our Pro Traders now!
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Real-Time Market Update
(Courtesy of Finviz.com)
- U.S. STOCKS HIT NEW HIGHS. U.S. stocks traded in a narrow range on Monday after closing near highs last week, as investors digested housing data and weighed renewed concerns about Greece’s ability to pay back its creditors. (CNBC)
- U.S./CHINA TENSIONS GROW IN SOUTH CHINA SEA. The South China Sea might prove more problematic for China given the complexity of the dispute and the possibility of challenges from the U.S. navy and air force. (Reuters)
- THE BAILOUT PREVENTION ACT. Former Federal Reserve Chairman Ben Bernanke on Friday decried recently proposed legislation that would limit the U.S. central bank’s lending authority during a financial crisis. (CNBC)
- GOLD HITS 3-MONTH HIGH. Gold hit a three-month high on Monday, rising for a fifth session, as a run of soft U.S. data supported expectations that the Federal Reserve will hold off hiking interest rates for the time being. (CNBC)