Every night we watch the same shows, Fast Money and Mad Money. We want to use those ideas to grow our money, right? Well good trading takes more than pushing the buy button the next morning on a stock you saw last night. I’m here to help you make money on these 3 stocks I saw on TV.
First up, Apple ( NASDAQ:AAPL ). They were talking about this last night on Fast Money, it was actually pretty interesting. Motor Trend, I don’t know if they tweeted or what the heck they did, but the bottom line is they’re going to have a story come out tomorrow on the new Apple ( NASDAQ:AAPL ) car. I’ve got to tell you, and some of the guys on the desk were saying this too, it’s the ugliest car that I have ever seen. Seriously. It looks like a stretched out smart car. A cross between a stretched out smart car and a leaf. So if that’s their deal I think you’ve got to stay away from this stock. However, I like this technically. Honestly I couldn’t give a rip about the car. And I don’t think investors will either right now. It will be a long time away. I frankly think it was Motor Trends way to say, “Hey, look at us, buy our magazine.” I’m looking at this stock and it’s finally above the 200-day moving average. This has tended to move up sideways, up sideways, now it’s sideways.
Finally, a crack in this major moving average and now it’s in the up direction again. They report earnings in twelve days on April 25th. I think this stock is going to continue to run into earnings. Pete Najarian had a good point, he said on the planet here, on the globe, they’ve got like a 2 percent market share in the smart phone world. And he thinks, “Okay, what happens if they can get up, he said 10, but I’m thinking 4, if they can even double their market share this is going to be a monster company. So stick with the trend here, and I’m not talking about this trend down. Be a trader on this one. The short-term trend is up this way. Now, Cramer would say the opposite. He’d say like, “Don’t trade Apple ( NASDAQ:AAPL ), just own Apple ( NASDAQ:AAPL ).” I’ll say the same thing in a little bit different way, “Just own Apple ( NASDAQ:AAPL ) as long as this uptrend continues.” Don’t be trading every wig and jig and all that, buy sell, buy sell. Just hold the stock, now is as good as time as any to buy it, though that would have been better. Just hold the stock and as long as this stock keeps going, then you just hold Apple ( NASDAQ:AAPL ). That way you’ll make Cramer happy, and you’ll make me happy. That’s known as a twofer.
Okay, Facebook ( NASDAQ:FB ). Man, highly volatile this afternoon. The news comes out that Facebook ( NASDAQ:FB ) has hired some Google executive to lead their research lab on virtual reality. That’s great. I think there was some confusion around it. The bottom line was this: This stock started trading down in the morning. I think this is a key low at 106.50. I think that when you’re seeing the rest of these stocks hold up okay, like Apple ( NASDAQ:AAPL ), like Amazon ( NASDAQ:AMZN ), like Google ( NASDAQ:GOOGL ), which we’ll get to in a second, and even Netflix ( NASDAQ:NFLX ). When you see Facebook ( NASDAQ:FB ) implode like this, and frankly, I thought it was going to keep going, it just seemed like that kind of day. But when you see it implode like this and then rally to where it essentially closed flat, that’s a real bullish sign. They report earnings two days after Apple ( NASDAQ:AAPL ), they report on the 27th. It seems to me like this stock will probably just churn and burn between now and then. But I think you can be long this stock, at least for the next week or so. I’m not going to sit here on the 13th and tell you what to do on the 27th just before they report earnings. But for now, I think this is a stock that you can hold.
Now, Google ( NASDAQ:GOOGL ). They were talking about this on Fast Money too, from the standpoint of, “What’s Google ( NASDAQ:GOOGL ) doing?” Instagram, that’s Facebook’s ( NASDAQ:FB ) messaging thing. They’re second to Snapchat in teen engagement..And that’s kind of a good a big deal since the teens are the ones who set the trends for tomorrow. The old people like me are the ones that complain about the stuff that’s going on today. So the teens really matter. These guys were saying. “Okay, well second isn’t bad. It’s worse than third. And what’s Google ( NASDAQ:GOOGL ) doing?” I can’t answer that. But I’ll tell you from a chart standpoint, this is a stock that is poised to move higher. And it’s poised to move a lot higher.
I just look at this as essentially like an impending explosion. The stock is likely to trade sideways for a bit, but they report earnings in 8 days on April 21st, that’s next Thursday, a week from tomorrow. So I wouldn’t look for this stock to be at the same level between now and then. If the market stays strong look for Google ( NASDAQ:GOOGL ) to continue to move. And by the way, if you’re trading options on this, $7.50 in one day, is actually a pretty good move. So if this thing starts to move higher buy some in the money calls and just ride them for a few days or a week or so and my bet is you’ll make money. But buy the in the money ones. Pay a little bit more for them, that means you’re paying less for time.
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