Rosy Outlook for Gardening Stock

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

Rosy Outlook for Gardening Stock

Trade Ideas ·
Featuring Tony Greer

Published on: June 5th, 2018 • Duration: 15 minutes • Asset Class: Equities • Topic: Micro, Trading, US Economy

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.

Comments

  • PU
    Peter U.
    2 August 2018 @ 19:47
    August 2 2018 update: SMG now trading below his stop
  • SD
    Sebastien D.
    7 June 2018 @ 18:02
    Now that's a good risk/reward!
  • RM
    Robert M.
    5 June 2018 @ 22:12
    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 June 2018 @ 18:14
    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. | Contributor
      6 June 2018 @ 03:29
      Thank you for that SIr.
  • PC
    Peter C.
    5 June 2018 @ 16:10
    Shows how to analyse a stock from both fundamental and technical sides. Thank you.
  • SG
    Sophie G.
    5 June 2018 @ 16:09
    Well reasoned trade rationale by Tony.
  • SS
    Sam S.
    5 June 2018 @ 16:09
    Very well spoken Mr. Greer! Thank you.
  • TB
    Taylor B.
    5 June 2018 @ 16:08
    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 June 2018 @ 13:15
    -2% since interview hmm
    • DP
      Devraj P.
      5 June 2018 @ 15:49
      That’s not how you gauge the caliber
    • BB
      Brooks B.
      5 June 2018 @ 16:57
      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 June 2018 @ 17:09
      Yes sorry, i was not paying good attention, excuse me. It seems like it works out as planned instead :-
    • TG
      Tony G. | Contributor
      6 June 2018 @ 03:28
      JPM downgrade to underweight. Put in another "higher low" I still like it.

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