Rosy Outlook for Gardening Stock

Published on
5 June, 2018
Topic
Trading, Micro, US Economy
Duration
15 minutes
Asset class
Equities

Rosy Outlook for Gardening Stock

Featuring Tony Greer

Tony Greer, founder of TG Macro, joins Justine Underhill to discuss why he’s bullish on Scotts Miracle-Gro. He explains why the gardening company’s post earnings plunge as an opportunity to get in on an upward swing. Filmed on May 30th, 2018.

Published on
5 June, 2018
Topic
Trading, Micro, US Economy
Duration
15 minutes
Asset class
Equities
Rating
8
Sharing

Comments

  • PU

    Peter U.

    2 8 2018 19:47

    0       0

    August 2 2018 update: SMG now trading below his stop

  • SD

    Sebastien D.

    7 6 2018 18:02

    0       0

    Now that's a good risk/reward!

  • RM

    Robert M.

    5 6 2018 22:12

    2       0

    Enjoyed it, but:
    1. He didn't argue against the lead analyst's reasons for a price target of $80
    2. The market won't price in a marijuana catalyst which is 5-10 years ahead
    3. The chart to look at is the 20 year monthly log chart. Draw a channel from the 94 to 96 lows and then from the 95 high. Then add a 100% projection of the channel width. Note that since 1997 price has closely observed the channel formed between the 95 high and the 100% projection line. Then note the recent failed breakout above this channel. This usually means price will need to test the other side of this channel (now at $65).

  • RA

    Robert A.

    5 6 2018 18:14

    9       0

    One of the best trade ideas to date from a substantive standpoint as well as being well reasoned and articulated on multiple levels, IMO. Excellent job by both Tony and the interviewer.

  • PC

    Peter C.

    5 6 2018 16:10

    2       0

    Shows how to analyse a stock from both fundamental and technical sides. Thank you.

  • SG

    Sophie G.

    5 6 2018 16:09

    2       0

    Well reasoned trade rationale by Tony.

  • SS

    Sam S.

    5 6 2018 16:09

    1       0

    Very well spoken Mr. Greer! Thank you.

  • TB

    Taylor B.

    5 6 2018 16:08

    0       0

    Suggest mentioning cannabis plank to thesis instead of “gardening” in title of video. Not sure what I think of trade idea but always interested in thoughts surrounding cannabis industry outlook.

  • MM

    M. M.

    5 6 2018 13:15

    0       9

    -2% since interview hmm