Hotline Sample Report
This report is a sample for information purposes only. These recommendations are closed.
9/11/2019 1:58:37 PM Eastern Time
Rushing into Stocks
Pretty nice session developing with multiple stories and trends. Technology is leading the way, as Apple (AAPL) is on fire with its array of iPhone products being rolled out to capture buyers from the longer replacement period.
Technology is also being powered by semiconductor names, after Micron (MU) caught a buy recommendation at Longbow.
And while there is still great action in laggards, those low valuation names with solid yields, all of a sudden, this session has seen a trading rush into stocks with huge short positions, sending those shares higher.
There is a ton of money on the sidelines, and at some point, buying will trigger additional buying as it will be more difficult even for naysayers to ignore the gains.
Long Idea: Fortinet Inc. (FTNT) @ $80.27
BACKGROUND: Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions worldwide. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, Web filtering, anti-spam, and wide area network acceleration; FortiSandbox technology that delivers proactive detection and mitigation services; and FortiSIEM family of software solutions, which offers a cloud-ready security information and event management solutions. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers end devices, such as computers and laptops, as well as an expanding field of Internet of things devices; FortiAnalyzer product family, which provides centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products, including software updates, configuration, policy settings, and security updates, as well as FortiAP product family, which provides secure wireless networking solutions. In addition, it provides security subscription, technical support, professional, and training services.
SKINNY: FTNT is on the cusp of a major break out. Our target $97.
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