Who’s ready for life to get back to normal? Well, relatively speaking at least…
It’s been over a year now since COVID-19 swept through the world and sent us all inside. Now, in the face of reopening, we’re seeing inflation, rising bond rates and a pullback in tech.
Cue the freak out.
But we preach calm to our great readers. Don’t panic — take advantage of everyone else’s! So let’s look at a positive: There’s a move to be found in stay-at-home names that exploded the past year. Specifically, we’re talking about trading Peloton stock.
Peloton Interactive Inc. (Nasdaq: PTON) is a part of our Monthly Money Flows system, a service that has done extremely well and consistently outperforms the market.
Monthly Money Flows rides along with the big institutions — keeping an eye on what they buy and sell.
So you’re probably wondering why we’re trading the Nasdaq when everyone is talking about the big tech crash. The Invesco QQQ Trust Series 1 (Nasdaq: QQQ), a fund that tracks the Nasdaq, has had a pretty bad month of March.
But we’re seeing an opportunity for trading Peloton stock. A last hurrah, if you will.
Wallet Out of Shape? Try Trading Peloton Stock
Peloton was one of the hottest stocks of 2020 since people had to do everything from home, including exercise. Companies like Zoom Video Communications Inc. (Nasdaq: ZM) took off when it became a necessary tool for most workspaces.
But now we’re opening up. Vaccines are rolling out. People don’t need stay-at-home companies as much — OK, maybe they need Zoom, but that’s a different discussion.
To some extent, that’s valid. We think tech is here to stay, even though there’s a bit of a pullback happening right now. Stay-at-home stocks will gradually get phased out, however, as the world opens back up.
That doesn’t mean you can’t trade Peloton and potentially make money from its downtrend
If you want a deeper look into our Monthly Money Flows service and to see how we’re trading Peloton stock, check out our video below.
As always, guys, email any trading questions to jeff@joyofthetrade.com and stay ahead of the markets, especially these choppy ones, by subscribing to our YouTube channel.
P.S. Did you know that for over a century, there have been cash floods offering regular folks the chance to make gains of 20%, 40% and even 100% or more on their trades?
These predictable money patterns happen at the start of every month. And when tapped properly, the people who know about them can make an absolute killing.
We predict that these anomalies will continue to occur in the market for decades to come — and we’ve discovered the secret to consistently profiting from them.
