Trade This, Fade That: Two Stay-at-Home Stocks With Different Results
For today’s trade idea, we’re going to cover “Trade This, Fade That.” As the title suggests, we’re going to provide you with a stock we like right now… and one we don’t.
The first stock is one that we actually lost some money on back in August. It’s a stay-at-home stock that didn’t perform, even during the pandemic. Compared to the Nasdaq, it has been lagging.
On top of that, the company announced that it will be laying off about 11% of its workforce. That’s not a good sign.
The other stock is one that we got into back in June, and unlike the above, this one has taken off. Even better, there’s a perfect opportunity to get in on it right now.
P.S. For those who believe it’s impossible to trade with perfect results every time…
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