Some of the most explosive opportunities can still be found in tech stocks this year.
In fact, here are three – with powerful catalysts – that could still double by year end.
Apple (AAPL)
Apple just announced its Apple Vision Pro will be available beginning Friday, February 2, at all U.S. Apple Store locations and the U.S. Apple Store online.
“Vision Pro is a revolutionary spatial computer that transforms how people work, collaborate, connect, relive memories, and enjoy entertainment,” says the company.
Even better, Morgan Stanley also believes Apple’s weakness is an opportunity.
The firm noted, “While near-term Product demand remains uneven (vs. Services outperforming), we believe this is captured in recent underperformance,” analysts at Morgan Stanley, reiterated an Overweight rating and $220 price target on the stock.
A trader can buy a call or a put to limit risk while allowing for potentially unlimited profits. The bad news is that the odds are automatically against you. One could also sell a call or a put to instantly put the odds in your favor. But that would leave the investor exposed to potentially unlimited risk. The good news is that there are some simple solutions.
One method for limiting risk, while putting the odds in your favor is using a contingency order. For example, let’s say that if XYZ shares currently at 100, dropped to 90, we would exit the option position in an offsetting transaction. In that instance, our loss would be limited. The problem is, what if XYZ shares gapped lower, let’s say from 91 to 70. Although this is extremely unlikely, it is certainly possible. Such an occurrence would be devastating, and unpreventable.
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