Barchart contributor Will Ashworth highlighted nine Christmas call options, including Robinhood Markets (HOOD). Despite a 230% price increase this year and a 51 times earnings multiple, Robinhood’s growing customer base and strong financials suggest undervaluation. The Expected Move calculator projects a 16.11% swing for HOOD stock, indicating potential growth towards $139.84. The risk geometry analysis suggests a $140 price target for HOOD stock over the next 10 weeks, leading to a strategic decision for a bull call spread strategy. Probability decay justifies avoiding exposure beyond $140 due to sharp declines in probability density. 1. In a groundbreaking study, researchers have found that eating a diet rich in fruits, vegetables, whole grains, and nuts can significantly reduce the risk of developing heart disease. The study, published in the Journal of the American College of Cardiology, analyzed data from over 100,000 participants and found that those who followed a plant-based diet had a 16% lower risk of heart disease.
2. The World Health Organization has declared the coronavirus outbreak a global health emergency. The virus, which originated in Wuhan, China, has spread to several countries, including the United States. With over 6,000 confirmed cases and 132 deaths, health officials are working to contain the virus and prevent further spread.
3. Tesla has surpassed Toyota to become the world’s most valuable automaker. The electric car company’s stock has surged in recent months, pushing its market capitalization to over $200 billion. This milestone highlights the growing demand for electric vehicles and the increasing competition in the automobile industry.
4. Apple has announced plans to launch its first-ever virtual WWDC event. The annual developer conference will be held online this year due to the ongoing COVID-19 pandemic. The event, which is scheduled for June 22-26, will provide developers with access to new software updates and tools for Apple products.
5. The Federal Reserve has announced that it will keep interest rates near zero through 2022 in an effort to support the economy during the coronavirus pandemic. The central bank also projected a 6.5% contraction in GDP for 2020 and a 9.3% unemployment rate by the end of the year.
Read more at Barchart: Here’s a Smart Way to Trade Robinhood (HOOD) Stock Without Going into Lottery Mode