Mad Hedge

HOT TIPS

May 28, 2020

Fiat Lux

The Five Most Important Things That Happened Today

(and what to do about them)

The Market Has Flipped,

from chasing big tech to chasing reopening stocks. It’s the only place where value is left. Out with (AAPL) and (FB) and in with (JPM) and (BAC). If it lasts, we’re going to new highs.

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Boeing Resumes 737 MAX Production,

expecting recertification and reopening markets soon. The stock pops 30% in a week. Buy the dips on (BA). Conditions will never be worse than they are today, with a majority of its customers headed for bankruptcy.

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Shareholders Sue Occidental Petroleum,

to recover billions in losses over the worst times acquisition in market history. (OXY) paid a huge premium, $35.7 billion, to buy Anadarko Petroleum late just year, beating out Warren Buffet’s Berkshire Hathaway (BRK/B). Months later, the Corona-driven oil crash took the stock down 90%. Paying a premium for negative oil prices? Really? Sometimes it’s better to be lucky than smart.

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US Mortgage Applications Up for 6th Week,

surging 54% since April. My forecast that your home will be your best performing asset of 2020 is coming true. I’m hearing stories of bidding wars again. It’s tough to beat a huge Millennial tailwind and record low-interest rates.

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Space X Scrubs Manned Flight,

due to weather. As a combat pilot, I can tell you those clouds were begging for a lightning strike. (TSLA) shares are predicting it will be a success. (TSLA) cut US prices 6% to build market share at dying Detroit’s expense. Their Shanghai factory has a huge order backlog. Buy (TSLA) on dips.

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Published today in the Mad Hedge Global Trading Dispatch, the Mad Hedge Technology Letter, and the Mad Hedge Biotech and Healthcare Letter:

(THE IRS LETTER YOU SHOULD DREAD),

(PANW), (CSCO), (FEYE),

(CYBR), (CHKP), (HACK), (SNE)

(ASTRAZENECA’S WASHINGTON FREEBIE)

(AZN), (MRK), (PFE), (JNJ)

financial advisors

Futures trading involves a high degree of risk and may not be suitable for everyone.


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