This week, Sam Shames, VP of Options at Simpler Trading, shares his bullish and bearish sector and stock watchlists ahead of a busy week of tech earnings.
Sectors To Focus
LONG
XLB, XLC, XLE, XLK, XBI, XME, SMH, OIH, ITB
SHORT
XLP, XLV
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Stock Watchlist
LONG:
MATERIALS: CAT, XOM, HAL, SLB, FCX, NUE, VALE, X, SLV, USO
TECH: NVDA, AVGO, KLAC, ASML, TSM, AMZN, AAPL, META, GOOGL, NFLX, ADBE, NOW, WDAY, SQ, ETSY
MISC: RF, C, HD, TGT, SHW
SPEC: TNA, SOXL, SHOP, Z, ZS, SNOW, JD, TCHEY, PDD, RIG, PAAS, ASO, DKS, TSLA, CCL, SE, SBLK, TOST, DASH, ADSK, LABU
(Most longs will only work if indexes trade higher)
SHORT:
MISC: JNJ, KO, PEP, GD, CHK, HQY, ELV, HSY, MO, WM, KDP, AEP, WMB, LNG, XEL, ED, WCN, KR, ES, LLY, ADM
(Most shorts will only work if indexes trade lower)
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