3 Stocks I Saw on TV (WMT, DIN, TTWO) (May 19, 2016)
WMT DIN TTWO
Every night we watch the same shows, Fast Money and Mad Money, and we want to USE those ideas the grow OUR money. Well good trading takes more than just pushing the buy button to grab the stocks you saw on TV last night. I’m here to help you make money on THESE 3 stocks I saw on TV.
Wal-Mart ( NYSE:WMT ). They obviously beat expectations on their earnings. The stock gapped up and just kept going. Cramer is covering that stock on Mad Money, he likes it, thinks it’s still a buy. I guess it just kind of depends on your time frame. We can see here, on this weekly chart, if this starts breaking out above $70.00, then I think it is a buy. I think you can afford to give 80 cents up, maybe even a buck if you’re waiting until 70.20. You can afford to give 80 cents up by waiting as opposed to just buy, buy, buy right now. Because you see here on the daily chart, this has peaked right at $70.00 here. After the kind of move this has had, if it rallies up to $70.00, that’s up over 10 percent in a very short amount of time. If you want to get Wal-Mart ( NYSE:WMT ), it’s got a decent dividend, wait for the stock to pull back a bit. Don’t just go jump in there.
Okay, Cramer had the CEO of DineEquity ( NYSE:DIN ) on Mad Money last night. Looking at the stock, they have Applebee’s, IHOP, stuff like that (I don’t really eat there, but I have before, which is why sometimes I can’t see my feet). But the stock is down at a pretty decent buy point here. Cramer likes it, otherwise he wouldn’t have had the CEO on. We’ve got support right at $80.00, right where this is. And look if you like this, it pays a decent yield, upwards of 4.5 percent, that’s a decent yield. But here’s the problem with that: the stock is trending lower. Here’s support, right here. The solution to that is, if you want to buy this stock KNOW that it’s printing lower highs, it’s got a flat bottom. So you can be buying the stock right here, keep a fairly tight stop on it, and then look for this kind of upside.
And then the last one we’re looking at is Take-Two ( NASDAQ:TTWO ). Cramer also had the CEO on. Likes the stock. Likes the company, so do I. It went from bottom to top in a day. Gapped down on earnings. Closed up near an all-time high. This would be one of those kind of similar to Wal-Mart ( NYSE:WMT ), where you can give up a little bit. Let this thing come up, give up a couple of percent. If it starts trading above $38.00, go ahead and buy it before it hits 38.50. If it goes above $38.00 or so then go ahead and take a little stock. But what you might want to do is, hope, pray, two viable methods that traders use, they just don’t work that often, for a little pullback over the next few days. Get it down to the lower end of the range. This would be more of a long-term hold. The weekly chart looks really good, but even then, it’s just not at a good buy point. So HOPE for more of a pullback.
3 Stocks I Saw on TV Free Chart