Let’s Get Into It!

What stock or stocks, or ETF’s are you looking at today?

Sometimes company news can push a stock to act out of sorts from the rest of the market, or even the sector the stock is in. This news can send the stock price soaring, or crashing, depending on the context of the news.

Because of news, price action occurs, and that has me paying attention to a particular stock in my portfolio today.

The stock I am paying attention to is Big Lots. Keeping an eye and seeing how low the price will go, as the price action has been intense all morning.

Suffering from a downgrade from Loop Capital as well as some unsavory reports of debt and looking for financing, it feels there are a lot of sellers right now. Pushing the price through support lines and claiming lows we have not seen in a while, Big Lots has been beaten up. But does this leave an opening for opportunity? Only due diligence of research can tell that answer.

Big Lots reports on March 7th and they have been working on their issues for a while now. Working with suppliers, especially for furniture, working on taking down debt, as well as beautiful store changes (at least at my local Big Lots store).

This fear and activity feels like a shake down to remove those paper handed investors, and come March, we will see that price action happen again, except on the opposite, and soaring high!

Obviously I don’t know the future, but I am hopeful! This is not investment advice, do your own research before you put money into an investment.

Do you have any stocks that are particularly beaten down that you have your eye on?