I spend hours and hours every week going through every stock in the DOW to find the best stocks to trade. these are the stocks I will be trading this week. To see the full list go HERE!Want to review last weeks picks go HERE.
Top Stock: Boeing
Boeing is looking like a strong bounce after the crash related sell off. The P/E range of 18 to 27 implies a trading range with between $310 and $465. Technically a close above $382.69 will lead to a rally up to near $400 at the next resistance level.
Microsoft is right at all time highs of $120.82 Recent weakness in the market caused a pull back and a test of support. After holding support it looks like MSFT is about to continue to rally. The high end range of the P/E multiple is 40. Putting that multiple on the $4.31 gives a max price of $172.40.
Procter and Gamble is trading at all time highs and is right at its recent high P/E. The trade put on will be closed out this week and I will re-evaluate after earnings on 4/23/2019.