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Trading Strategies: A lookahead to the Fed

Video Credit: The Street
Published on September 12, 2019 - Duration: 05:34s

Trading Strategies: A lookahead to the Fed

Happy almost Friday.

Real Money contributor Stephen Guilfoyle breaks down what to watch from the Fed and stocks he's watching.

Guilfoyle wrote about CVS in a column over on Real Money Thursday afternoon.

"I have been on the CVS bandwagon since recognizing a repetitive technical bottom in June, and the AAPcrew has been on board longer than that.

Now, investors may have also noticed that Deutsche Bank analyst George Hill put out a research note that broadly covered the health care technology and services industry, and within that note, Hill initiated coverage of CVS with a "buy" rating, while placing a $91 price target on the shares," wrote Guilfoyle.

When asked to flesh out why he wrote about the Real Money Stock of the Day, Guilfoyle answered: "Actually, this is one of the names where I picked almost the exact bottom.

So it's actually one of my better trades...I fully agree with Deutsche Bank's call.

I think they were a little late to the game, but they're more aggressive on the target price, which impressed me because my target price was much lower," he said.

Watch the full video for Guilfoyle's thoughts on other stocks he's watching and what he expects from the Federal Reserve meeting next week.

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