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Stay-at-home stocks make 'perfect sense in this environment,' trader says — here's the one he'd buy

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Stay-at-home stocks make 'perfect sense in this environment,' trader says — here's the one he'd buy $AMZN $NFLX $FB $EBAY $SPOT $CHWY (via TradingNation)

One of JPMorgan's picks is particularly showing signs of relative strength, JC O'Hara, chief market technician at MKM Partners, said Wednesday on CNBC's"The theme of stay-at-home stocks makes perfect sense in this environment," O'Hara said. "We think Amazon makes sense on so many different levels, but the most important thing for us is price action."

In addition to that upside momentum — which he noted was "rare" in this market — O'Hara pointed to the stock's strong technical support levels. John Petrides, portfolio manager in the wealth division of Tocqueville Asset Management, agreed that "this theme of working remotely, working from home, living from home, keeping socially distant but ... embracing social media, is going to be here to stay for a long time."

 

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TradingNation $insg $ntgr $zm $kr $wmt big beneficiaries to stay at home.

TradingNation Unless people have money to spend

TradingNation CNBC is tricky to sus out. You believe a plague in China but say it started earlier but Americans and every nation and his dog in Wuhan did't notice. Then China says its ended , you don't believe it then speak of end curve in USA. How did you work out the curve end?

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