May 10, 2016
Trades & Tutorials
By Geoff Bysshe
Deutsche Bank raised its price target for AMZN from $770 to $1,000 today, and that sent the stock to new all-time highs over $700. The upgrade is not surprising, because upgrades after a good earnings report is not uncommon.
In fact, this “upgrade pattern” is one of the reasons I covered AMZN and FB in this same video last week. This week’s video will cover another way to play AMZN with a lot less risk than owning it outright.
In this video I look at an ETF that has AMZN as its top holding. As you might expect it is doing well, but its performance is not all based on AMZN. In the video I’ll review the other stocks behind this ETF that could become a market leader (again).
Additionally, the video will look at which other sector ETFs are looking like leaders to follow if the market’s bounce off its 50-day moving average continues.
If you’d like to learn more about how to determine which ETFs and stocks will lead the next market move go here: Profit from market leaders training session.
