The Hot Stocks Outlook uses VantagePoint’s market forecasts that are up to 86% accurate to demonstrate how traders can improve their timing and direction. In this week’s video, we analyze forecasts for Knight Transportation ($KNX), JetBlue Airways ($JBLU), Bank of America ($BAC), Calamos Asset Management ($CLMS), Eastman Chemical ($EMN), and Macy’s ($M).
Knight Transportation ($KNX) was trading around $28 when it had a crossover to the upside in late October. After a huge bullish move in the middle of November, the market has gained more than $6 per share in just 18 trading days and is now trading close to $35. That momentum has plateaued for the last week but there’s still considerable separation between the blue and black lines in VantagePoint. So there’s still an opportunity for the market to regain its bullish momentum before a new crossover occurs.
JetBlue Airways ($JBLU) took advantage of the entire transportation sector capturing the bullish momentum of late. When $JBLU saw a crossover in early November, stock prices were around $17. But, two weeks of the VantagePoint neural index being in the “one” position has the stock trading over $20.50 now. That’s a 17.29% increase in 11 trading days.
Bank of America ($BAC) saw its latest crossover in early November. Stock prices were trading around $16.80 before gaining bullish momentum. With only one hiccup in the last 11 trading days, the market has gained nearly 21% and is now trading north of $20. There is also significant separation in the two VantagePoint lines signaling this trend is likely to continue into next week.
Calamos Asset Management ($CLMS) has seen consistent bullish momentum since the last crossover occurred in early November. Markets were trading around $6 per share before gaining16% in 11 trading days. The market is now approaching $7.25 as of the time of the video.
Eastman Chemical ($EMN) has been featured before on the Hot Stocks Outlook and it continues to provide an opportunity for profit. We saw a crossover on October 21. In the 22 trading days since the crossover, share prices have gained $9.07 and is closing in on $76 share prices. That’s a 13.6% increase in just one month for traders who got in at the right time in late October.
Macy’s ($M) has had a bullish November leading up to Black Friday. The market saw a crossover to the upside as we turned the calendar to November. Shares were trading at $36.50 at that time. The VantagePoint neural index took an immediate downturn as it spent a few days in the “zero” position. This signaled short-term weakness in $M. We never saw a crossover and the bullish momentum soon took over. The neural index has been locked into the “one” position since the first week of November on its way to 21.13% gains. Prices are now approaching $45 and have gained $7.76 since the first crossover.
The Hot Stocks Outlook is a weekly video series. It is designed to show traders how improved timing is the key for to maximize gains and minimize losses. The VantagePoint Trading Software identifies trend reversals with unmatched accuracy, helping traders get into the right side of trades.
Interactive Chart: We have included an interactive chart below where you can keep an eye on the Stocks mentioned above, Pop out the chart, Change the ticker, change time frames, use drawing tools & indicators. You can do all your analysis right here in this post!