Wednesday, March 18, 2020 1:00 PM EDT
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In such turbulent times, one could be forgiven everything is being sold, and whilst this is broadly true, there are some winners and I’m reminded of the adage, ‘one man’s loss is another man’s profit’ (or woman of course!) and this is certainly true for two stocks experiencing very different reactions to the current panic. Chlorox (CLX) has soared whilst Boeing (BA) has plunged and they are almost a mirror image and it is interesting to note the strength of buying in one and the strength of selling in the other, both confirming the price action accordingly. One company supplies mundane products such as bleach and cleaning product, while the other supplies aircraft. Market cap is 26.4bn and 85.3bn respectively.
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And a stark reminder of the world in which we currently live.
Disclaimer: Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in ...
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Disclaimer: Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, stocks, commodities and forex markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, stocks, commodities or forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Past performance of indicators or methodology are not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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