Stock Picks 5.9.19

By PaulDavids | Today's stock tips | 5 Sep 2019

I was very busy yesterday and didn't really get the chance to update my blog or really write anything beyond the stock picks.

I was also a bit slow getting on the AEO trade but I did manage to get 4.92% out of it so that is positive. Remember anything 0+ is a good thing.




My first pick of the day is Ciena (CIEN)

This is a BUY/LONG position. On positive earnings! Now there is one more point Ciena is scheduled to hold the call at 8:30 a.m. ET and can be accessed here.

Conference calls can move the stock in unexpected ways. For example a manager or CEO says we have met expectations but it is unlikely that the situation will be the same next quarter because our debt exceeds what it has been in the past because of blah blah blah

Then the stock will drop, no matter if the earnings were good or not. If you want to trade Ciena then I highly recommend that you listen to the conference call.



My second pick and the stock that I will probably trade today is Signet Jewelers Ltd. (SIG)

Don't let the green fool you. This is a hard sell on negative earnings. If however there is shock positive earnings then stay clear because it will be very volatile!



Remember if in doubt then DON'T!



Thanks for reading

Paul Davids

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A writer and a trader. Recently I have been combining the pair and writing about trading. I mainly trade the stock market but I have traded Forex and Bitcoin in the past too.

Today's stock tips
Today's stock tips

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