March 1 Market update - did you get in Target under $200 yesterday? You made 10% if you did.
Description
Target ($TGT) beat earnings and had great guidance. If you got in yesterday under $200, you're getting rewarded with an 11% pop today. Margins good and all 5 business units were positive.
Devon Energy ($DVN) pierced the $60 mark and dividend is coming up. If it dips below $60 again, buy it.
Crowdstrike ($CRWD) and Palo Alto ($PANW) are both up very big from the purchase day prices (up almost 30%) It might be time to get in to Z Scaler ($ZS).
$GOGL - from yesterday this one has a 28% dividend payout. The ex dividend date is tomorrow so getting in anywhere under $12.50 might be a great opportunity. Check out twitter for the chart of the last dividend pay out.
$CLF - Cleveland Cliffs - I said to buy at $17. It's now at $23 and has a dividend payout coming out. This one continues to move, but you can wait for a pullback.
I think the best options for me to buy today are $BAC (Bank of America) and $MRVL (Marvel Technologies). Marvel has earnings on Thursday and should be positive. It's a good opportunity to play this potential pop. I'm not as familiar with them as I should be, but Cramer has been pretty good on these things and he mentioned last night this was a good one.
Bank of America has a 52 week high of $50 and is trading around $43. This could be a great opportunity with a dividend coming up and interest rates going to be raised to fight inflation, this most likely is going back to $50 at some point. Without a catalyst like earnings, buy on a cross up (which might come in the next day or so).
$COST - Costco earnings are Thursday. I'm not super excited about this one, but I would expect a pop with Target earnings and a potential member rate increase along with a one time or large dividend announcement. It's at $520 and the 52 week high is $570 so it could go back there.