ROKU, TQQQ, WMT: Our Top Trades This Week and Why It Pays to Fade Analysts

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One of my favorite ways to trade is by fading analyst calls because they’re always so far behind the curve. In fact, I have an entire trading strategy built around going against what analysts say, One Eighty Alerts….

On Monday’s edition of Crush the Open, we went over a short idea I really like after Susquehanna analyst Shyam Patil upgraded #Roku from neutral to buy, raising his price target to $75 a share.

And when you take a look under the hood on my Bloomberg terminal, Shyam has been neutral on this stock since July 2022, when it was trading in the $80 range.

Now since the first of this year, ROKU has been on a tear, up over 50% to as high as $65 a share on Monday... The point being, these analysts are always late to the game, and you can do quite well taking the opposite sides of their recommendations.

We also covered trade ideas in #TQQQ #WMT and more!

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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.

Видео ROKU, TQQQ, WMT: Our Top Trades This Week and Why It Pays to Fade Analysts канала Financial Wars