If You Missed APLD & NVDA. This Could Be Even Bigger
Summary
Chris emphasizes the importance of a 'rinse and repeat' strategy, where traders lock in gains at predetermined targets and wait for retracements to re-enter positions. He highlights that even the strongest stocks, like those in the S&P 500, rarely stay at all-time highs without periodic profit-taking from Wall Street. Chris encourages viewers to use technical analysis alongside fundamental news, specifically mentioning upcoming earnings reports as major market catalysts.
He provides a breakdown of several key assets:
Mentioned Stocks
Reasoning: Chris notes that the $230 target was hit and exceeded. He advises taking profits now but considers it a long-term winner, suggesting a potential re-entry point at $172 if the price retraces.
Reasoning: Chris lists AMD as a 'proven winner' that investors should rotate their speculative profits into for long-term growth.
Reasoning: Chris views Microsoft as a high-quality, stable company that is a 'proven winner.' He highlights Bill Ackman's buying activity as a reason for confidence and mentions the current price of $421.
Reasoning: Chris praises the company's valuation, leadership, and AI progress. While he advises taking profit at the $400 target, he remains very bullish on the company long-term.
Reasoning: Chris warns that this was a quick speculative move. He explicitly tells viewers to 'get your money and get up out of there' because the stock is prone to manipulation and downside after its run from $1 to $6.
Reasoning: Chris mentions this as a stock where his followers made money from the $11 range and calls it one of the 'proven winners' to get into.