Here's A Little Stock That Is Primed For Big Gains
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Thursday, the 5th of September.
With all of the major indices in a choppy sideways pattern, it has become a stock picker's market. One stock that I like is Dollar General (NYSE:DG). This stock meets all of the criteria I look for in a stock:
1) It is in a strong uptrend.
2) It has just broken out to new highs.
3) It is coming from a strong base, capable of carrying it 20%+ higher.
Today, I will put Dollar General under a microscope and see if it is worthy of an investment.
Would you buy stock in Dollar General?
Looking at the other markets, gold continues to disappoint the bulls as it remains in the early stages of trying to build a base to move higher. I do not expect to see anything serious get underway until later this year or early in 2014.
Crude oil remains firm based on the uneasiness in Syria and the Middle East. It is anyone's guess what is going to happen on that front. When you have three quarters of the population against any form of intervention in Syria, it places the administration between a rock and a hard place. I don't envy the task at hand for President Obama.
With all of the major indices in a choppy sideways pattern, it has become a stock picker's market. One stock that I like is Dollar General (NYSE:DG). This stock meets all of the criteria I look for in a stock:
1) It is in a strong uptrend.
2) It has just broken out to new highs.
3) It is coming from a strong base, capable of carrying it 20%+ higher.
Today, I will put Dollar General under a microscope and see if it is worthy of an investment.
Would you buy stock in Dollar General?
Looking at the other markets, gold continues to disappoint the bulls as it remains in the early stages of trying to build a base to move higher. I do not expect to see anything serious get underway until later this year or early in 2014.
Crude oil remains firm based on the uneasiness in Syria and the Middle East. It is anyone's guess what is going to happen on that front. When you have three quarters of the population against any form of intervention in Syria, it places the administration between a rock and a hard place. I don't envy the task at hand for President Obama.
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