Weekly Performance Review Feb. 8th – 12th, 2021

Stocks finished modestly positive for the week on strong earnings growth and the increasing likelihood of additional fiscal stimulus.  Communication services stocks outperformed in the S&P 500 Index, boosted by solid gains in Twitter and video gaming shares.  Rising oil prices helped energy stocks, while weakness in Amazon and Tesla weighed on the consumer discretionary sector. Mid- and small-caps built on their substantial year-to-date lead over large-cap stocks, and value shares also outperformed.

Cryptocurrencies tracked higher this week with Bitcoin price hitting it’s all time high, above $48,000 per coin.  Congrats to our community members who bought Bitcoin back when we issued our most recent Buy alert on September 14th.  Since then the price for BTC has spiked more than 340%.

Continue reading to find out how the WSWD Trade Alert stock recommendations performed this week.  

02-08-2021_SPWR up 11.9%

Essentially, SunPower today is a financing and power sales company.  The company boasts a solid four-quarter average earnings surprise of 49.23% and is estimated to generate earnings growth of 324.3% in 2021, according to Zacks Research. 

SPWR share price had pulled back roughly 20% from its peak last month at the time we issued our trade alert on Monday.  Since then the price has risen significantly and now sits just 9% from its January high.  

The company is scheduled to discuss its fourth quarter and physical year 2020 on a conference call Wednesday, February 17th after the closing bell.  

02-09-2121_ETN up 2.9%

Many of the high-flying stocks in alternative energy might or might not be around a decade from now.  This is still very much the wild west.  But Eaton almost certainly will be, supplying the survivors with power systems and software and integrating them into the grid.

As a major supplier of electrical components and systems, it is absolutely an indirect play on this fast-growing industry, and one that is likely to thrive irrespective of the inevitable booms and busts we’ll see in the coming years.  The wind and solar farms popping up around the country need to be incorporated into the national grid, and that’s precisely what Eaton does.

The global transformer market is highly lucrative and predicted to witness significant growth at a healthy 6.28% CAGR over the forecast period (2019-2026), According to a Market Research Future (MRFR) report. 

02-10-2021_YOLO down 14%

Based on performance over the past year,  The AdvisorShares Pure Cannabis ETF (YOLO).

Is one of the best performing marijuana ETF for Q1 2021.  The fund seeks to provide long-term capital appreciation by investing in cannabis equity securities.  YOLO is designed to fully-invest for pure cannabis exposure under the guidance of a deeply experienced portfolio management team navigating the emerging cannabis marketplace. 

02-11-2021_GSK up 1.4%

GlaxoSmithKline’s top immunology drug, Nucala, is used in some cases of asthma and was recently approved for treating a rare blood disorder called hypereosinophilic syndrome, or HES. The drug works by preventing a protein from binding to white blood cells.

Argus Research’s Eade “Buy” calls GSK‘s price a buying opportunity and has a 12-month price target of $50 on the stock. He also calls out an attractive 5.23% dividend yield and says GSK shares trade below industry averages.

02-12-2021_ATO up 0.05%

Analysts, who are mostly bullish on the name, point to Atmos Energy Corporation’s strong fundamentals and increasing U.S. demand for natural gas.  A robust balance sheet and potential for above-average earnings growth also recommend the stock.  Of 12 analysts offering recommendations for the stock 5 rate the stock a Strong Buy and 4 rate it a Buy.  There are also 2 Hold ratings and 1 Sell rating.  

Atmos was added to the dividend aristocrats in January 2020 and clinched its 26th straight year of dividend growth in November 2020, when it announced an 8.7% increase to 62.5 cents a share per quarter.  The stock currently sports an annual yield of 2.8%.  

When a firm manages to raise its dividend year after year, through recession, war, market crashes and more, it’s making a powerful statement about both its financial resilience and its commitment to shareholders.  That’s why ATO is likely a reliable investment for the foreseeable future.    

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