Fast Money Blog- 11/16/18
It seems that Wall Street institutions don’t like stocks that issue lower 4thQuarter revenue guidance. Amazon.com (AMZN), Netflix Inc. (NFLX), Advanced Micro Devices Inc. (AMD), Roku Inc. (ROKU), Apple Inc. (AAPL), The Boeing Company (BA), IBM and Walmart Inc. (WMT) are among the victims.
However, two stocks that Wall Street strongly favors are DIS and MSFT. I highly recommend shifting your portfolio to include 30-day covered calls against Microsoft Corp. (MSFT) and The Walt Disney Company (DIS) shares. It’s time to get paid off of these two flight to quality stocks. Please follow my lead when it comes to earning residual income and creating long-term wealth in this market.
To be a successful trader and long-term investor, you must adapt to todays market place.
Tyrone Jackson
The Wealthy Investor