Mid-Week Update: Market Gets a Bullish Burst & A Special Announcement
Dear Trader,
Before we get to this week’s Watchlist, we want to make you aware of some improvements we’re making to our publishing schedule starting next week…
First, in order to give our members the best experience possible, we will begin to include our full trade write-ups in every alert we send you.
This means you’ll get this timely information delivered directly to your inbox whenever a new recommendation is made.
This content will still be available on our website in our Weekly Burst Alerts page, of course.
But we want to make sure you have the information you need as soon as possible so that you can act on our time-sensitive trades.
Next, we are going to cease publishing these Mid-Week Updates.
Because we are not taking every one of the trades that appears on our Watchlist, we want to concentrate our efforts on our official recommendations.
Again, the official recommendations will be delivered directly to your inbox and will also live on our Trade Tracker page.
We think these changes will make your experience as a member of Burst Alerts Pro much more clear and concise.
Lastly, for the latest market analysis, be sure to check out today’s session recording on our website.
And with that said, let’s move on to one final Mid-Week Update for Burst Alerts Pro…
Realty Income Corporation
Realty Income Corporation (O) is a San Diego, California-based real estate investment trust (REIT) focused on commercial properties.
Its properties are largely leased on a triple-net basis meaning that tenants pay for general upkeep, insurance and taxes.
This means that operating expenses for the REIT are highly controlled. Its tenants are primarily retail-focused.
And while that sounds scary in a world of increasing shopping online, its retail tenants are must-visit, including major pharmacies, dollar discounting stores, shipping locations and convenience stores.
The O daily time frame is in an uptrend. The market is at a low price hitting the uptrend line.
The one hour time frame broke the short-term downtrend line and entered into the buy zone.
It will be a good idea to look for long ideas as long as the market stays in the buy zone.
Per the Watchlist, we have a target price for O at $71.43.
Abbott Laboratories
Abbott Laboratories (ABT) is the Abbott Park, Illinois-based healthcare and pharmaceutical company.
It develops and manufactures a host of drug and treatment products as well as a myriad of professional and retail healthcare products.
Revenue is up strongly for the trailing year, gaining by over 24%. And despite development and capital costs, its operating margin is ample at over 19% that in turn drives a positive return on shareholders’ equity of 22.00%.
The ABT daily time frame is in an uptrend. The market is at a low price hitting the uptrend line.
The one hour time frame is below the short-term downtrend line.
It will be a good idea to wait for the one hour time frame to break and close above the short-term downtrend line before looking for long ideas.
Per the Watchlist, we have a target price for ABT at $136.28.
Bank of America Corporation
Bank of America Corporation (BAC) is Charlotte, North Carolina-based banking and financial services company that operates throughout the US as well as worldwide.
Banks have been getting more positive attention recently with interest rates and bond yields beginning to move towards more normalized levels, meaning higher.
The argument for this helping banks is that it would provide more leeway for banks to price loans and other assets with better interest margins against liabilities such as deposits.
In addition, with the US economy growing, loan demand as well as other services should continue to be on the rise, aiding revenue.
The BAC daily time frame is in an uptrend. The market is at a low price hitting the uptrend line.
The one hour time frame broke the short-term downtrend line and entered into the buy zone.
It will be a good idea to look for long ideas as long as the market stays in the buy zone.
Per the Watchlist, we have a target price for BAC at $48.29.
Centene Corporation
Centene Corporation (CNC) is the Saint Louis, Missouri-based healthcare services and insurance provider.
It continues to be the leader in government healthcare services and is a major provider of Medicare, Medicaid and government subsidized private insurance.
The CNC daily time frame is in an uptrend. The market is at a low price hitting the uptrend line.
The one hour time frame is below the short-term downtrend line.
It will be a good idea to wait for the one hour time frame to break and close above the short-term downtrend line before looking for long ideas.
Per the Watchlist, we have a target price for CNC at $83.16.
Yum! Brands Inc.
Yum! Brands Inc. (YUM) is the Louisville, Kentucky-based fast and fast-casual food company. It owns the iconic Kentucky Fried Chicken (KFC), Taco Bell and Pizza Hut branded stores that are recognized around the globe.
The company’s stores were set up well for the current environment with plenty of takeaway capabilities as well as co-ops for delivery on top of in-store dining.
Revenue is doing well, running at double-digit gains for the recent quarters. And while labor costs and supplies as well as food costs and supplies are a challenge, operating margin is very good at over 26%.
The YUM daily time frame is in an uptrend. The market is at a low price hitting the uptrend line.
The one hour time frame is below the short-term downtrend line.
It will be a good idea to wait for the one hour time frame to break and close above the short-term downtrend line before looking for long ideas.
Per the Watchlist, we have a target price for YUM at $129.37.
Visa Inc.
Visa Inc. (V) is a financial payments and processing company serving banks, financials and retailers around the globe.
It also provides additional financial services for institutions and other clients.
With robust consumer spending in the US and beyond, Visa should continue to gain business and revenue, aiding the company and of course the stock price.
The V daily time frame is in an uptrend. The market is at a low price hitting the uptrend line.
The one hour time frame broke the short-term downtrend line and entered into the buy zone.
It will be a good idea to look for long ideas as long as the market stays in the buy zone.
Per the Watchlist, we have a target price for V at $248.12.
Get The Full Rundown
To get the latest updates on these stocks and the markets that you need to know about, be sure to check out today’s session recording on our website.
And to get the full rundown on all of our stocks, click here.
Keep on trading,
Josh Martinez
Editor, Burst Alerts Pro