Looking For Opportunities In Leisure and Healthcare Stocks - Christian Fromhertz, CEO of Tribeca Trade Group
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00:00 I know that you stay up with a lot of different sectors and industry.
00:03 One move that just caught my attention yesterday was a little bit of a move in
00:08 leisure. I saw the cruise lines moving a little bit here.
00:11 Yeah. And I know it probably caught your attention too, Christian.
00:14 I saw a little post out there. And of course,
00:17 if you guys want to keep up with Christian Fomhertz,
00:19 definitely give him a follow. And I also want to throw up his sub stack today.
00:22 If you guys want to keep up with everything that he puts out there.
00:25 So I'm throwing that up right now. What are you seeing out in leisure?
00:29 Christian. Yeah. Thanks. I appreciate that, Mitch. So yeah, I mean,
00:33 I think it's the market always gives us clues and if you pay attention to
00:37 what the market is, is telling you and where there's some signals, you know,
00:41 one of the things that I don't think you guys talked about this morning, or,
00:45 you know, maybe I'm not sure if you guys have highlighted the last couple of
00:48 days, but you know, there's another COVID variant out there.
00:50 No one knows until,
00:52 until there's a little bit of time that goes through whether or not it's just,
00:55 it's going to be, you know, a lesser thing to worry about,
00:58 but it seems like for a couple of days and like Moderna rallied for a couple
01:02 of days. But it's a, it's a rally in a downtrend. And I,
01:06 and I thought what was interesting yesterday is there were some call activity
01:09 and nice momentum in the cruise lines. So I, you know, it got me thinking like,
01:13 Hey, if they're buying calls in the cruise lines, which,
01:17 I haven't been on a cruise lately. I, Mitch, I think you were on one.
01:22 So I'm interested to see if you're still bullish on that group. But I,
01:25 the one thing that I'm pretty sure about is that if, if COVID is running rampant,
01:30 like that's probably an area that you don't want to be you know, partaking in,
01:34 but, but everybody's different, but I thought it was a good sign to see,
01:39 you know, and that's another group that's dipped a little bit. So, you know,
01:42 if you're a big fan of the cruise lines, you know,
01:44 and if you think that this is a good group you know,
01:48 now you've got a dip in this group and like,
01:50 I'm watching Royal Caribbean 103.58 I think is a good level to
01:55 watch in the short term. So yeah, I mean, this is interesting and it,
01:59 and it makes me kind of look a little bit more towards the airlines too,
02:02 even though I didn't see any call activity there, but it just kind of makes me,
02:06 you know, sometimes the flow on the tape gets me to,
02:08 to look around in different areas. But what's your view? Do you,
02:12 are you bullish after, after going on a cruise?
02:15 Well I can tell you at least I have some American airlines and I think Dennis
02:20 does too. So I've been looking at a little bit at the airlines.
02:24 So I kind of like as long as it holds the 14 here,
02:28 I'm just trying to ride that trend back up with the airlines,
02:31 but cruise lines also,
02:33 I think that you're right in mentioning that COVID variant,
02:36 but I don't think anyone's really paying attention to that.
02:39 So if I had to maybe look at these,
02:42 I would maybe start calling the turn here. I mean,
02:45 NCLH has pulled back a pretty significant amount after their earnings, right?
02:50 It came back down to 16 and I remember selling that through 17.
02:54 So it doesn't look too bad on this pullback.
02:57 I'm going to be looking at these leisure plays to see how they move today and
03:01 who knows, maybe it's not leisure. Maybe, maybe a play like Moderna.
03:05 It makes sense. That's why Moderna has probably been going up also.
03:09 I know that you probably been catching some moves in biotech or anything in this
03:13 area. What do you see in healthcare maybe that's been moving?
03:15 I love moving to sectors with you.
03:18 And I was just going to mention one more leisure type.
03:20 I don't know if it's leisure, but I like Uber right here.
03:23 Uber's had a nice little pullback and that's kind of another name in that area.
03:29 But I like that it kind of,
03:31 it really held up pretty well when the market was dipping.
03:35 43.60 is a nice level to trade against and I'm bullish Uber.
03:40 I own it in my longer term account and I think that this is a great dip to
03:45 buy. To answer your question, healthcare,
03:49 I really started to kind of dig into healthcare.
03:51 It just doesn't have the, I do like momentum in the things that I'm trading.
03:57 And I don't like these little starts and stops right now that you're seeing in
04:00 the XLV ETF. I think obviously the momentum in the space is Lilly,
04:05 which has just been an absolute monster.
04:07 But at this point I'm looking for a pullback in Lilly.
04:11 It's been kind of a runaway train.
04:15 One area that still has kind of been puzzling to me is the, you know, so again,
04:20 like looking for some opportunities and dips is the medical device space.
04:24 ISRG, which I think is just a great company to own longer term.
04:29 You got a nice dip into the 200 day moving average.
04:32 And I think like this is something this, you know, again,
04:34 for something that you may not want to watch every single day,
04:37 but maybe take a shot at this for the longterm.
04:39 I love this play right now into the 200 day moving average.
04:43 [BLANK_AUDIO]