You're receiving this email as part of your subscription to Lou Baseneseâs Trend Trader Daily. [Unsubscribe](. [Trend Trader Daily]( [Charts] Sell These 10 Stocks Immediately Friday, December 10, 2021 Itâs Friday in the Trend Trader Daily Nation... That means itâs time to add some excitement to our usual word-based investment analyses by ushering in a handful of charts. If nothing else, charts make it a whole lot faster to digest new information, make some investments â and then get on with the weekend! With that in mind, today Iâm featuring: - The rapid deterioration of the most popular âwork-from-homeâ stocks. (If you own any of these 10 companies right now, cut your losses immediately!) - The single reason I donât invest a lot of money in cryptos or foreign currencies. - And last but not least, my next bold Apple prediction. (FWIW: Iâm four for four.) So letâs get to it⦠> ADVERTISEMENT < [VIDEO UPDATE] STOP! Before continuing with today's article, watch this quick and extremely urgent 2-minute video update: (Click [here]( or the image above to watch!) Stop, Drop and Sell! Earlier in the week, [I warned you]( (again) about the rapid deterioration of the âwork-from-homeâ stock trade. And although Trend Trader Pro readers have been profiting handsomely from this reversal (for more details on how to join them, [click here]( the average investor keeps getting clobbered. What gives? Well, as Bespoke Investment Group notes, a seismic shift in sentiment is plunging popular pandemic stocks to new yearly lows. Take a look:
(click image to enlarge) This index of equal-weighted, monthly rebalanced stocks includes Activision Blizzard (ATVI), BioNTech SE (BNTX), Chegg (CHGG), Chewy (CHWY), The Clorox Company (CLX), Moderna (MRNA), Netflix (NFLX), Peloton Interactive (PTON), Teladoc Health (TDOC), and Zoom Video Communications (ZM). If you still own any of these stocks, I recommend you sell them immediately to lock in any remaining gain or at least a tax loss. Because itâs not just sentiment thatâs deteriorating. Itâs the fundamentals, too! Friends Donât Let Friends Overweight Crypto Iâve never been a big fan of investing in foreign currencies. Why? Because the markets never close. Thatâs right. Never. That means you can go to bed a big winner and wake up wiped out. Especially since most foreign-currency trading platforms allow (and strongly encourage) the use of ridiculous levels of leverage. Why bring this up? Because the same problem applies to cryptocurrencies, which is one reason Iâll never allocate a big portion of my portfolio towards them. Of course, Bitcoin investors learned this reality the hard way last weekend. Starting around 10:30 pm, when Iâd generally be enjoying a nightcap or drifting off to sleep, the worldâs âoldestâ crypto cratered. Prices fell 19% in a matter of 30 mins.
(click image to enlarge) What prompted the plummet? A general change in risk-taking sentiment from ârisk-onâ to ârisk-off.â Funny. Stocks sold off for the same reason during the week. So much for cryptos being uncorrelated, huh? (Just saying.) Hereâs the thing: My stocks canât crash on Saturdays⦠or in the middle of the night. So Iâm never going to overweight cryptos in my portfolio. And if I can help it, I wonât let my friends do it either. Apple $5 Trillion [On Tuesday]( I chronicled the idiocy of mainstream financial media when it comes to fact-checking and prognosticating about the future of Appleâs (AAPL) business â and in turn, its stock price. As a reminder, we should always buy the dip that such lazy reporting creates. This time was no exception, as Apple is now within spitting distance of a $3 trillion-dollar market capitalization.
(click image to enlarge) But donât you dare think itâs too late to buy. Iâm predicting Apple will be the first company to reach a $5 trillion-dollar valuation. Thatâs right, Iâm betting the stock can still double from here, thanks to its upcoming product launches and unshakeable dominance in consumer electronics. Lest you think that sounds too far fetched and unlikely, think again. I have a penchant for making bold Apple predictions⦠that come true! Years in advance, I predicted Apple would be the first company to reach a trillion-dollar market cap â thanks to its growth in China, its booming Services revenue, and its entrance into the wearables market. And it did exactly that! I also predicted â months and sometimes years in advance â everything from the incorporation of fingerprint readers into iPhones, to the launch of a mobile payment platform, and the development of augmented reality glasses (which are [officially confirmed]( now). So bet against me if you want. But no one ever wins betting against Apple! TREND TRADER PRO
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