Schaeffer’s Investment Research is excited to announce its 40th year as a leader in the options industry, releasing Bernie Schaeffer’s stock picks for 2021.
Online PR News – 15-January-2021 – CINCINNATI, OHIO – Founded in 1981, Schaeffer’s Investment Research is excited to embark on its 40th calendar year in the options trading industry. Earlier this month, our top-tier traders created a list of their 12 favorite bull picks for 2021. To take a dive into this impressive list, check out our website, http://www.schaeffersresearch.com. To kick things off even further, we will be sharing our founder and CEO Bernie Schaeffer’s top stock picks for 2021.
First up is Appian Corporation (NASDAQ:APPN), which is known for its "low-code" software development tools and scored a top-line beat back in November. This acted as a catalyst for a multi-stage rally over the course of that month. The shares peaked at $215 on Nov. 27, well over triple the $62 low APPN tagged near the end of October. The share price then underwent a sharp correction into mid-December before consolidating primarily in the $150's into year-end.
As we enter the New Year, wide and deep share technical support in the $145-$155 area suggests that further pullbacks will be truncated as they enter that area, even as APPN’s chart remains bullishly aligned for renewed acceleration to the upside. We see an advance by APPN in 2021 back to the November 2020 all-time highs as being well within reach for this burgeoning enterprise software leader.
Bernie Schaeffer's’s second stock pick for 2021 is Charles Schwab Corporation (NYSE:SCHW). Charles Schwab completed the acquisition of discount brokerage rival TD Ameritrade on Oct. 6. Yet, it was not until early in November that investors had developed a heightened appreciation for the major potential upside for the company as a result of this giant acquisition, as the shares appreciated by about 30% from Nov. 4 into year's end. But it was the nature rather than the magnitude of this rally, that attracted us to SCHW as a potential "break-away" stock for 2021.
First, the advance was founded in the very strong business metrics the firm has reported since absorbing TD Ameritrade. Highlights from the November 2020 activity report (released in mid-December) included: 1) Net new client assets gained 168% from November 2019, and 2) New brokerage account openings for November surged year-over-year from 127,000 to 430,000.
Second, the granular daily price action underlying this year-end rally was characterized by a very bullish technical pattern, in which all pullbacks were contained at the sharply rising 10-day or 20-day moving averages. With the “new” SCHW now on the threshold of $100 billion in market capitalization, the May 2018 all-time high at $60 is already within sights – with additional upside potential to the $70 area as the year progresses.
Schaeffer’s Investment Research is a privately held provider of options trading recommendations, options education, and market commentary, headquartered in Cincinnati, Ohio.
If you would like more information about this topic, please call Katie Schaeffer at (800) 448-2080, or email email@example.com