Last Friday, I stopped by CNBC to discuss my bullish setup in Microsoft, along with several other news-related opportunities in mega-cap tech and more. We covered opportunities surrounding these points:
- Microsoft, Google, and AMD have shown strong performance this year, with Microsoft experiencing a significant increase after earnings, making it a bullish time to trade these mega-cap companies.
- Starbucks workers nationwide are going on strike after claims that the company is not allowed to display Pride Month decorations.
- Strikes are happening in 22 states nationwide, gaining momentum and causing closures at the first strike location in Seattle.
- Starbucks and other companies facing social issues risk alienating half of their consumer base and experiencing downward trends, as seen with Target and Anheuser-Busch, with Starbucks specifically breaking down on a technical basis and potentially falling to $85.
Want to learn more and get my full analysis? Check out the video below!
What do you think about these news-related trading opportunities?
Let me know on Twitter @traderDanielle, or join me in the Options Gold Room at Simpler Trading!
