Daily Stock Opinions and Ratings

Opinions

Bill Baruch, Founder, Blue Line Capital SPDR S&P 500 ETF SPY-N BUY Jun 21, 2024

He did a put spread on May 2, the 500-520 end of July put spread. He wasn't concerned about NVDA or tech, but to the market's reaction broadly to Nividia's earnings. Rally broadening in the S&P had not happened. You're limiting your downside with a spread. He bought back the 500 put, which leads him long only the 599 outs.

Bill Baruch, Founder, Blue Line Capital

Owned

Unlock Rating

$544.510

Stock price when the opinion was issued

E.T.F.'s

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

🔒 Premium Content Alert – This buzzing stock opinion is accessible only to Premium members

Discover an exclusive list and analysis of the stocks that are trending on social medias—accessible only to our Premium subscribers. With a keen focus on the stocks that are setting social media ablaze, this weekly feature offers an invaluable lens through which to evaluate market movers. Say goodbye to the endless scroll through social media timelines; we curate the buzz so you can invest your time as wisely as your money. Unlock Premium Now.

TOP PICK

Largest ETF in the world tracking the S&P 500 index. Social media mentions are up 278% for the past 24h suggesting an optimistic popular outlook for the S&P 500 in 2022.

BUY

Today's session (a knee jerk bounce after Biden announced oil sanctions against Russia) signalled to her that if we get even a whiff of good news, that we'll see a giant rally. We're hungry for any kind of good news (out of Russia/Ukraine). She bought some SPY calls at the day's end.... If peace were announced tomorrow, she could see crude oil sliding by at least $25/barrel.

DON'T BUY

Not his favourite place to be. The Canadian market is better on a seasonal basis. Be careful of timing and wait for corrections.

DON'T BUY

She is handpicking stocks in this bear market. Choose individual stocks. It's hard work--read the reports and listen to the calls, but it pays off. Don't buy the SPY, but would own the stocks in that ETF.

COMMENT

put buying SPY put buys: 30,000 of the July 377 puts, and 100,000 of the June 345 puts, and 18,000 of the July 22 expiring 385 puts. This action may not be over just yet, because there's still a lot of buying.

BUY

It's been beaten down, but healthcare will do well.

BUY

SPY vs. QQQ

SPY is more diversified than QQQ, which is mainly technology, biotech, and some consumer names. SPY is 26% technology, 8% communications. Tech sector has gotten ahead of itself again, and the valuations are not that attractive.

BUY

He just bought May 500 puts. In the two days since the Fed meeting, the USD has strengthened against many currencies (Euro, Yen, UK pound, Chinese yuan). Ripples in the currency market will lead to a slight pullback in the S&P.

BUY

SPY is the oldest and the biggest. Buy more, hold forever. Starting to be overtaken by VOO, perhaps because of the slight difference in MER cost. Worthwhile contacting the ETF company itself for a tax opinion on which account is best to hold it in.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Bill Baruch, Founder, Blue Line Capital SPDR S&P 500 ETF SPY-N BUY Jun 21, 2024

You might be interested:

🔒 Premium Content Alert – This buzzing stock opinion is accessible only to Premium members

SPDR S&P 500 ETF(SPY-N)

SPDR S&P 500 ETF(SPY-N)

SPDR S&P 500 ETF(SPY-N)

SPDR S&P 500 ETF(SPY-N)

SPDR S&P 500 ETF(SPY-N)

SPDR S&P 500 ETF(SPY-N)

SPDR S&P 500 ETF(SPY-N)

SPDR S&P 500 ETF(SPY-N)

SPDR S&P 500 ETF(SPY-N)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

David Burrows

Larry Berman CFA, CMT, CTA

Stockchase Insights

Jim Cramer - Mad Money

Mike Philbrick