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- One Stock that Could Benefit from Tariffs
One Stock that Could Benefit from Tariffs
In fact, this stock welcomes MORE tariffs...
š Pick Your Pony š
Or Bet on BOTH Top Picks of the Week
(INSANE launch deal ENDS tomorrow)
OR
OR call Davis for the best deal when you double up!
Good evening, Folks!
The trading week is off to a great start, with investors shrugging off concerns about possible new tariffs, sending the Nasdaq and the other major indexes soaring higher again today.
My Bullseye Pick rocketed out of the gate ā¦ like a good pick should!
And if you didnāt hear, aboard Air Force One yesterday, Trump told reporters he was going to announce 25% tariffs on steel and aluminum today.
As of this writing, I havenāt heard anything new on that. It could be that Trump didnāt want to make the formal announcement between the bells, so we may learn more later this evening.
Predictably, though, domestic steel and aluminum stocks took off today. U.S. Steel (X) was up 4.8% and Nucor (NUE) was up 5.6%. On the higher end, Cleveland-Cliffs (CLF) jumped 18%.
Those are all multibillion-dollar companies, and they were definitely the conservative plays if you wanted to trade the news.
However, if youāre on my SMS list, you know that last week I alerted you to a small stock I thought would benefit from the tariff news.
You had a chance to watch it make a double-digit gain that day, but Trumpās comments sent it soaring today.
At one point, it was up a whopping 62%, and it ultimately closed up 35%:
š² By the way, you can text the word āRAGEā to 1-(888) 487-1534 to join my SMS list ā at no cost ā if you arenāt already on it.*
But Iām not writing you to brag ā OK, maybe just a little bit ā but because I think this trade idea is still red-hot š„, and tomorrow could be another massive day.
If and when Trumpās formal announcement does come, thatās likely to add fuel to this already-soaring rocket š.
And hereās the thingā¦
Even after the great price action today, the stock still has a tiny, <$20 million market cap, according to Yahoo! Finance.
That means even a small amount of investor attention can have a big effect, just as we saw today.
Thanks to its great price action recently, Iāve also done a deeper dive on this company, and I have to say ā I love what I see.
Iāll be posting all my findings and why I think this is a great trade idea on this page at 9am EST.
Even if you caught my SMS alert last week, there will be plenty of new information that will make it worth your while.
Tune in bright and early tomorrow āļø.
To Your Success,
Jeff Bishop
*Disclosure: By texting āRAGEā to 1-(888) 487-1534, you agree to receive promotional messages sent via an autodialer. You also agree to the terms of service and privacy policy. This agreement isnāt a condition of any purchase. Message frequency varies. Message and data rates may apply. Reply STOP to opt out; HELP for more information.
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