It’s a bloodbath out there, and there are few places to hide. But this stock I talked about on Monday, live in Master’s Club is breaking out, despite the market carnage. The company is called Grocery Outlet (GO). The stock is showing relative strength, it was up on a brutal down day yesterday and is probably my favorite stock in the market right now!
Subscribers to Total Alpha have access to Live Educations sessions daily and access to my REAL-MONEY portfolio as I navigate these tough markets! Don’t miss my next trade, subscribe NOW!
Fed tightening and inflation are causing havoc across the market. Market participants are re-pricing their valuations of high-flying tech stocks. During a market meltdown, defensive stocks such as consumer staples tend to perform the best. After all, during a recession, people still need to buy food. Well, this little gem is not only holding its gains but is starting to break out after I mentioned it live in Master’s Club on Monday. In fact, it was up 4% on a day when the QQQ’s were down 4%, and that type of strength is really impressive. Someone definitely liked this stock yesterday, and it was probably a huge fund!
To get access to daily updates, education, and changes to my portfolio, become a part of the Total Alpha team Today!
Grocery Outlet Holding Corp. (GO) owns and operates a network of independently operated stores in the United States. The company’s stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine. It has approximately 420 stores across the U.S.
Now the war in Ukraine has put pressure on food prices. The lack of wheat coming out of Ukraine, and Russia appearing to protect its fertilizer supplies has sent the price of food soaring. People will still need to eat in good times and in bad, and if a grocery outlet like GO can have access to cheap food supply, they can earn a premium due to rising prices. The market certainly seems to like GO’s prospects, with the stock up 30% this year while most of the market is getting crushed. Not only that, but GO broke out through significant resistance on a terrible market day.
Subscribers to Total Alpha have access to Live Educations sessions daily and access to my REAL-MONEY portfolio as I navigate these tough markets! Don’t miss my next trade, subscribe NOW!
See the Chart Below:
All-time highs are just in front of the $50 mark, and a break of that we see clear skies. I would not be surprised to see the stock trading above $60 by the end of this year. And with GO trading around $40 that represents a significant upside.
I haven’t yet pulled the trigger on this trade, i’m still waiting for the right entry point. But GO is on my radar, and I will be stalking it closely over the coming days. As always, when I’m ready to take the trade, I will be sure to let Total Alpha subscribers know!
If You’re struggling with your trading, become a part of the Total Alpha community, and receive the education you need! CLICK HERE NOW TO SUBSCRIBE!
There’s a 30-day satisfaction guarantee, so if you’re not happy, no worries, but I think you’ll love what we’re doing at Total Alpha! Click HERE to Subscribe!
