Today's trade comes in a wholesale distributor of industrial and construction supplies. Sexy, right?
Ok, maybe not. But the fact that the stock has been in a steady uptrend since November, is making new all-time highs, and has a "hundred-dolla-roll" in its sight certainly makes it very attractive to me.
Today's trade is in a name that doesn't need Wall Street.
They crush their little corner of the world, operating in the midwest. They do not need to raise money or any exotic financing. Because of this, the company is completely off Wall Street's radar. This means very few (if any?) analysts cover it. Nobody is publishing research reports on it. Essentially, there just isn't anyone talking about it.
Around here, we call these "Eddy Elfenbein stocks." Stocks that are steady dividend payers, operating excellently in obscurity, providing a product or service that so many people use that they don't even realize they are using it.
One sector that I feel a bit underexposed to right now is real estate -- particularly REITs. And when a dominant player in New York City's commercial real estate sector pops up in our scans with a beautiful chart, it feels to me like this one might be set to surprise a lot of people.
Today's trade is a bet on the speculative juices continuing to flow through the summer. This stock has been performing fantastically since the November stock market explosion, but if we're a believer that this stock is simply tracing out the right side of a larger base, then we've still got plenty of upside to go.
Today's trade is in a name that has the potential to really rip. Of course, the nature of this type of trade is that it has a lower probability of success.
But if we get it right, our potential gains will likely be exponentially higher than any heat we're likely to take in this trade if we're early or wrong.
Today's trade is in one of those names that has already benefited from the recent surge in stocks and crypto prices and is likely to continue thriving if this brewing mania is here to stay for a while longer.