Trade Spotlight: 7/17
Another battered behemoth with strong trade upside...
Today's trade spotlight once again features a familiar large cap name that has failed to participate in the 2023 st0ck market rally.
This company is down nearly 35% YTD and is amongst the S&P 500's worst performers, and for pretty good reasons.
Earnings have taken a hit and with expectations of a further slowdown in consumer spending and the overall economy has cast a shadow over this pandemic winner... but we see a nice long trade opportunity at its current levels, with over 50% upside from current levels and strong reasons to believe the company can turn this around.
This week's Trade Spotlight is...
