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
Micro, US Economy, Trading
Duration
15 minutes
Asset class
Equities
Rating
8

Comments

  • 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.

    • TG

      Tony G.

      6 6 2018 03:29

      0       0

      Thank you for that SIr.

  • 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       8

    -2% since interview hmm

    • DP

      Devraj P.

      5 6 2018 15:49

      7       0

      That’s not how you gauge the caliber

    • BB

      Brooks B.

      5 6 2018 16:57

      2       0

      I read this as you being negative towards the trade idea but were you actually meaning the -2% as a positive? Given that the recommended entry price is $80 we still have another $3 decrease before it becomes an actionable trade.

    • MM

      M. M.

      5 6 2018 17:09

      1       1

      Yes sorry, i was not paying good attention, excuse me. It seems like it works out as planned instead :-

    • TG

      Tony G.

      6 6 2018 03:28

      1       0

      JPM downgrade to underweight. Put in another "higher low" I still like it.