WATCH LIST UPDATE
Some of the previous watchlist picks are up (like ADM and AAPL), some are still accumulating (DBX, ROKU), and others are still falling (IRBT). Here’s the charts…
$ADM — Archer Daniels Midland
$AAPL — Apple
$GPRO — GoPro
$SNAP — Snapchat
$DBX — Drobox
$IRBT — iRobot (Roomba Vacuums)
$ROKU — Roku
$PTON — Peloton
$CHGG — Chegg
New Charts…
$BA — Boeing
Turbulent times for Boeing as their stock nosedives due to all the recent events that are still unfolding. These include doors flying off mid-flight, failed inspections (39 out of 89), injured passengers due to mechanical issues, wheels falling off before takeoff, and the whistleblower being found dead before testifying (see: news articles below chart).
I think the stock still has a way to go on its descent. But keep an eye on this as it could potentially be a good buy once it hits rock bottom.
Trade long and prosper!
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