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Jeff Bishop here again…and just like I thought, we had a very good day for the market overall yesterday. |
I still think the market is in a technical downtrend, at least in the short-term, so be careful navigating trades out there. |
I started the week off with three larger stocks I wanted to follow and one tiny stock I thought had breakout potential, Splash Beverage (SBEV). |
While all 4 stocks were green yesterday, SBEV was the true champion as you can see. SBEV traded up over 14% the very same day I told you about it, while the bigger stocks didn't even manage a measly 1% gain... |
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Say what you want about small stocks, but when I have the opportunity to see a stock climb 14% in a day, I don't really care what it is – I just want a piece of it! |
I'll keep laying out the ideas. You do whatever you want with them. |
I think yesterday was an important day for SBEV. I mentioned that the stock was in a channel and needed to pick a direction. Well, after yesterday's big move, I think the direction was made pretty clear. |
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The question now is what's coming up next? |
The way I see it, SBEV has touched the 200-hourly moving average three times in the last month as I highlighted above. |
The last two times, the stock rejected that level. I am anxious to see if SBEV will hit that level again soon, and if it will break through it this time or not? |
SBEV was one of the top gaining stocks in the entire market yesterday. I think it would be a mistake to ignore this one today. |
Make sure you keep SBEV on your radar and see if it makes sense for you or not. |
I wrote a nice overview on the stock yesterday, I posted the highlights from it below in case you missed it. |
Now, let's have a great trading day today!! |
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As I mentioned last night, I am generally bullish on the markets for the next few days at least, and I will be keeping a close eye on Arista Networks (ANET), Novo Nordisk (NOVO), and Samsara (IOT) for moves around 5% this week. |
But, I think we could see a much bigger move in a small stock trading for less than $1 right now. |
That company is… |
Splash Beverage Group (Nasdaq: SBEV) |
The main reason I like this setup right now is that we are at the lower end of the recent trading channel, and there is a significant upside before it hits the 200-hour moving average, which has shown to be a resistance point this month. |
It is one of those very intriguing risk/reward setups I look for in the market. |
If things go against the stock this week, I would look to stop out of this with a small loss under the recent trading range. Maybe around the $.65 area, based on what I see on the range in the chart above. |
If things go well for the stock, I think that 200-hour level is a great first target around $.83 – which doesn't sound like a lot – but it would mean a 23% upside move from here, if that happens. |
Considering I am only looking at a 5% move from my top larger stock ideas this week, if I could see a 23% move on SBEV, I would be absolutely thrilled! |
And I couldn't be more excited about this company right now. |
I believe SBEV's dynamic approach to the market and top-tier brand networking could lead to their products becoming household names in short order… |
Just like the deal they signed that unlocked access to some of Blaze Pizza's locations. The increased brand recognition from the 1000's of people eating there should be a considerable boost for their "Copa di Vino" wine brand. |
And how about A-List brands like TapouT co-branding deals that are being carried in mega-retailer WalMart (WMT)? |
Or how about NFL superstar, Drew Brees, agreeing to work with SBEV? |
He believes so much in the company that he chose to become a major equity investor in the company as well. |
But that's just one province in SBEV's burgeoning empire that includes such premium brands as: |
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The leading producer of the "wine-in-a-cup" you've probably seen at your local convenience or package store, Copa Di Vino offers seven different varieties of premium wine in stores throughout the US. |
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Believed to be the world's first flavored 100% agave, 80-proof tequila, SALT is described as "a culmination of years of determination, innovation, expertise and countless blends," this premium liquor is now available in many states |
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With an emphasis on eco-friendly packaging, SBEV's Pulpoloco is innovating the market with a proprietary "earth-friendly," low-carbon footprint paper can, potentially paving the way for a new era in beverage packing. |
Now, as prolific as these brands are becoming, it's not the products that make these guys stand out (despite the fact they bring in millions in yearly revenue for Splash) — |
It's their approach to building and marketing these brands. |
SBEV has a unique approach to creating new brand personas, establishing target demographics, marketing channels, distribution networks… and at the end of the day – they just make cool products that people love to buy. |
Which is why SBEV has a policy of only developing and accelerating brands they believe to have a high level of pre-existing presence and brand awareness. |
Meaning they're only selling products with existing markets, and they can clearly produce the capital to fund aggressive moves like their $5.9 million acquisition that brought Copa di Vino into their stable. |
This is a fundamental thing to understand about SBEV — |
In my eyes, they're effectively sidestepping the biggest pitfall of their industry… |
Eliminating an immense amount of risk from their plate and allowing them to focus on creating award-winning brands… |
And getting those brands into as many hands as humanly possible with distributors that have virtually limitless reach (hey, I hear there are some empty Bud Light shelves that could be filled!): |
That last point is a keystone for SBEV, and they know it —- |
And while I can't speak for other analysts… I'd say that's why our friends over at TipRanks are reporting that this $0.67 stock could go soaring all the way up to $3.00 (or, in other words, a possible 322% gain) based on the research of the analysts that cover the stock. |
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A move wouldn't be too surprising when you consider the fact that SBEV has a long history of rapid price spikes – leading to double, and even triple, digit moves higher in a short period of time. |
And with some of the world's most prodigious investment firms, such as Fidelity, Vanguard, and Citadel (38 large institutions own the stock right now) all piling in on this stock right now. |
Perhaps Zacks Equity Research said it best recently… |
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I couldn't agree more with that headline. |
Right now, we have a fantastic opportunity at hand with a fast-growing company that is making all the right moves in a massive market. |
The stock price is sitting right at a key inflection point and I am excited to see where it goes from here. |
With the markets in "bull mode" again today, I think the next few hours of trading will be a crucial indicator for where SBEV is headed next. |
But nothing in the market is guaranteed, and the only way to know if SBEV is right for your portfolio and goals is to do your own research. A great place to start would be right here on the company's website. |
Like I always say, before you ever open a new trade make sure that you understand the risks and have a gameplan in place for how you want to manage your trade. |
I think we have a big day of trading ahead of us… now let's get to it, and I'll update you very soon! |
To your success, |
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P.S. Make sure you text "RAGE" to (888) 404-5747 to get all of my latest HOT STOCK ideas! |
*This investment involves substantial risk. Please see full disclosure below, and detailed discussion of risks and atypical results. |
DISCLAIMER | *PAID ADVERTISEMENT. Raging Bull has been paid fifteen thousand dollars from IA Media who was compensated by a third party not affiliated with the Company for advertising Splash Beverage Group from a period beginning on August 28 through August 29, 2023. The third party, Company, or their affiliates may own and likely wish to liquidate shares of the Company at or near the time you receive this advertisement, which has the potential to hurt share prices. This advertisement and other marketing efforts, including alerts, may increase investor and market awareness, which may result in an increased number of shareholders owning and trading the securities of Splash Beverage Group, increased trading volume, and possibly an increased share price of Splash Beverage Group's securities, which may or may not be temporary and decrease once the marketing arrangement has ended. 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