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Joy of the Trade Investor’s Edge Watchlist Stocks: Thursday, August 5

by | Aug 5, 2021

Today’s watchlist comes after reviewing all the recent news in the global stock market.

For those of you that don’t plan on trading President Joe Biden’s infrastructure plan — read more about it here — then I have an alternate FREE trade for you to look into. With all this talk about the Delta variant dominating Wall Street, I think I found a Buy It or Burn It stock that looks to be on the verge of making significant moves…

Remember, these are just ideas I’m sharing. You should only enter these trades if you’re comfortable managing the positions on your own. 

Check out this week’s free bonus trade idea below!

Eli Lilly And Co. (NYSE: LLY)

Defensive stocks, like pharmacies, are ripping yet again. This move is getting nice and stretched, as we can see with Eli Lilly And Co. — up 4% again today on decreasing volume. This market is basically broken underneath the hood — with different ramps and sector rotations — and I expect the money to rotate out of pharmacy stocks in the coming days.

LLY Chart

WRITTEN BY<br>Jeff Zananiri

Jeff Zananiri

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