Fast Money Blog- 3/12/23

On Friday, March 10th, the U.S. Labor Department released its latest jobs report, showing that hiring remains particularly strong. 

The U.S. economy added 311,000 jobs in February after a 504,000 advance in January. While job growth has moderated, it’s still faster than the Federal Reserve hoped for. 

Right now all eyes will be on the Fed’s next policy meeting to see how much they will raise interest rates. 

Below is a quick snapshot of how some of our favorite stocks performed over the last five trading days. 

Apple, Inc. (AAPL) 

High: $156.24 Low: $148.50

Microsoft Corporation (MSFT) 

High:  $259.87 Low: $248.59

Lowe’s Companies, Inc. (LOW) 

High: $203.96 Low: $196.66 

Amazon.com (AMZN) 

High: $96.43 Low: $90.73

Visa, Inc. (V) 

High: $227.26 Low: $216.14

I expect to see the same amount of volatility over the next five trading days, therefore three to four week out-of-the-money covered calls will continue to be your best friend. 

Tyrone Jackson, The Wealthy Investor