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After wild swings in the market, indices turned lower on Friday.

All thanks to the Federal Reserve.  

With a patient central bank unlikely to hike rates again in 2019, that’s likely to lead to further growth acceleration for the remainder of the year.  After all, how can the economy not do well with rate hikes off the table, and stronger than expected economic growth?

That was the good news.

The bad news – the Federal Reserve cuts its U.S. growth forecasts for 2019 and 2020 and lifted its unemployment rate for 2019, 2020, and 2021.  That’s a sign the Fed is still concerned about overall growth moving forward. That’s why markets shifted lower on Friday.

However, as we’ve highlighted in these weekly watch lists, it’s always a good idea to hedge for the potential for higher volatility. We did that with our recommendations on the VXX, UVXY, and TVIX in recent weeks.  All should do well with this new fear from the Fed.

Here are three more opportunities we’re watching.

Opportunity No. 1

Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD)

We believe AJRD is a likely beneficiary of President Trump’s $750 billion defense budget.

The President is requesting a $750 billion defense budget for 2020.  More than $718 billion of that would go to the Pentagon — a year-over-year increase of $34 billion. That includes $31 billion to modernize our nuclear facilities, in addition to funding for a Virginia-class submarine and 78 F-35 jets from Lockheed Martin.  

We believe AJRD could be a major beneficiary.

Opportunity No. 2

Marathon Oil Corporation (NYSE:MRO)

Fundamentally, the company looks strong.  It just posted third-quarter net income of $254 million, after reporting a loss in the year-earlier period.  It had a profit of 30 cents. Adjusted EPS was 24 cents. That beat Street estimates of 20c cents a share. Revenue came in at $1.67 billion, exceeding estimates of $1.5 billion.  With oil recovering, MRO is a great long-term bet.

Opportunity No. 3

Boingo Wireless Inc. (NASDAQ:WIFI)

5G is expected to create a $12 trillion opportunity. President Trump is so enamored with the technology, he tweeted, “I want 5G, and even 6G technology in the United States as soon as possible. It is far more powerful, faster, and smarter than the current standard. American companies just step up their efforts or get left behind. There is no reason that we should be lagging behind on something that is so obviously the future”.

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When markets are as volatile as they are, sometimes it’s best to invest in long-term opportunities, as we did with the following recommendations between January and March 2019.  Listed below is the stock, date, the closing price on that day and the current price.

  •     Steel Dynamics (STLD) – 1/11/19 — $33.49 to $35.80
  •     Ciena Corporation (CIEN)—1/11/19 — $36.67 to $38.53
  •     Canopy Growth (CGC) – 1/11/19 — $38.25 to $46.04
  •     Aurora Cannabis (ACB) – 1/18/19 — $6.44 to $9.57
  •     Axsome Therapeutics (AXSM) – 1/18/19 — $8.16 to $13.24
  •     Square Inc. (SQ) – 1/18/19 — $72.24 to $78.53
  •     CannTrust Holdings (CTST) – 1/25/19 — $6.87 to $9.96
  •     Vipshop Holdings (VIPS) – 1/25/19 — $7.62 to $7.39
  •     Square Inc. (SQ) – 1/25/19 — $77.97 to $78.53
  •     Apple Inc. (AAPL) – 2/4/19 — $166.52 to $195.09
  •     Activision Blizzard (ATVI) – 2/4/19 — $46.78 to $48.60
  •     NIO Inc. (NIO) – 2/4/19 — $7.90 to $5.84
  •     Glu Mobile (GLUU) – 2/8/19 — $9.49 to $10.87
  •     Synaptics Inc. (SYNA) – 2/8/19 – $41.78 to $33.65
  •     FireEye Inc. (FEYE) – 2/8/19 – $16.28 to $17.37
  •     Green Thumb Industries (GTBIF) – 2/15/19 – $13.50 to $15.39
  •     Ceragon Networks (CRNT) – 2/15/19 — $4.73 to $3.73
  •     VelocityShares Daily 2x VIX (TVIX) – 2/15/19 – $33.58 to $25.68
  •     Goldcorp (GG) – 2/22/19 — $11.11 to $11.16
  •     HUYA Inc. (HUYA)- 2/22/19 — $23.75 to $27.99
  •     AbbVie Inc. (ABBV) – 2/22/19 – $80.02 to $81.24
  •     Coca-Cola (KO) – 3/1/19 – $44.99 to $45.51
  •     NIO Inc.(NIO) – 3/1/19 – $10.06 to $5.84
  •     Dropbox Inc. (DBX) – 3/1/19 – $23.89 to $22.66

That’s not bad at all.

With 24 recommendations between January 11, 2019, and March 1, 2019, 17 are up.  That’s great in a market that goes from being up 500, down 500, up 500… and repeat. Plus, it doesn’t hurt to take a long-term position especially those with sizable catalysts.