3 Stock Ideas to Watch: Ford, Apogee Enterprises, and ZIM Integrated Shipping

3 Stock Ideas to Watch: Ford, Apogee Enterprises, and ZIM Integrated Shipping

Oct 4, 2024

Hello, fellow traders! Barrie Einarson here, bringing you another installment of What Makes This Trade Great. Today, I’m breaking down three stocks that caught my eye, each offering some interesting setups. Whether you were following these or missed them, let’s walk through what happened and where things might be heading.To Subscribe: https://go.trade-ideas.com/SHQ
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1. Ford (F): Short Play

Let’s start with Ford, which was flagged by our AI with a short at 5.77. As I write this, the stock is trading at 4.86, marking a solid 12% drop. That’s a significant move. But here’s the catch—Ford is a low-floater, and for many traders, shorts weren’t available. I checked with those using E*TRADE and Fidelity, and unfortunately, they didn’t have shorts to offer. However, if you had Cobra, you probably had access to short this one and potentially took advantage of the opportunity.

Despite the accessibility issues for some, this is a prime example of how spotting early momentum can lead to solid returns. Always check where you can get shares to short on lower float stocks, because opportunities like this can slip by quickly.

2. Apogee Enterprises (APOG): Earnings Play

Next up is Apogee Enterprises. This one came up in our pre-market session, and we were looking at it around 82.75. Since then, it’s moved up to 85.00. It’s always exciting to see a stock hit an all-time high, especially on the back of earnings.

What makes APOG interesting isn’t just the earnings report—it’s the strength of the momentum behind it. All-time highs are great indicators of strength, and this one hasn’t disappointed. Traders who jumped in during the pre-market discussion are likely enjoying the ride up. If you missed this one, keep an eye on how it moves next week—there could still be room for growth if momentum holds.

3. ZIM Integrated Shipping (ZIM): Potential Decline Ahead?

Lastly, let’s talk about ZIM. Our AI flagged a short opportunity around 18.91, and as of now, it’s down to 18.21. This one is particularly interesting because it’s a shipping company that benefited from concerns over a potential strike from U.S. longshoremen. Earlier, there was buzz that the strike could disrupt supply chains, which helped lift ZIM.

But as of Thursday night, it looks like a deal was reached, and since then, ZIM has started to slide. If you’ve been shorting this one, you’re probably seeing some nice gains. Looking ahead, this stock could continue to decline next week as the strike concerns subside. It’s one to keep on your watchlist for any further downward movement.


That’s it for today, folks! Three stocks, three different stories, and hopefully, some insight into how I’m analyzing these opportunities. Whether you were able to take advantage of these plays or are looking for setups next week, there’s always something new to learn in the market.

As always, stay sharp, stick to your strategy, and enjoy your weekend. I’ll see you all bright and early Monday morning!

Happy trading!