It’s almost time again for the U.S. markets to open for the week. As usual, we have some offshore trade ideas to help you prepare for the week ahead. Mostly, our ideas this week are bullish, as the U.S. market is staying long and strong. Just remember, as always, that stop losses save lives. So make sure you manage your risk before anything else.
Happy trading!
U.S. trade ideas
American Elec Pwr Co., Inc. (AEP)
Enter on a break above $83.10 with a stop loss at $79.90, and a target price around/above $89.10.
Gallagher Arthur J & Co. (AJG)
Enter on a break above $119.22 with a stop loss at $114.32, and a target price around/above $129.00.
Atmos Energy Corp. (ATO)
Enter on a break above $89.60 with a stop loss at $86.71, and a target price around/above $93.00.
C.H. Robinson Worldwide, Inc. (CHRW)
Enter on a break above $88.60 with a stop loss at $84.90, and a target price around/above $100.00.
CenterPoint Energy, Inc. (CNP)
Enter on a break above $22.90 with a stop loss at $20.89, and a target price around/above $23.56.
Domino’s Pizza Group LTD (DPZ)
Enter on a break above $381.75 with a stop loss at $369.23, and a target price around/above $404.57.
Consolidated Edison, Inc. (ED)
Enter on a break above $72.19 with a stop loss at $70.00, and a target price around/above $74.00.
VWV Grainger, Inc. (GWW)
Enter on a break above $374.30 with a stop loss at $359.19, and a target price around/above $408.00.
Kimberly Clark Corp. (KMB)
Enter on a break above $132.63 with a stop loss at $130.26, and a target price around/above $140.00.
Kinder Morgan Inc. (KMI)
Enter on a break above $14.34 with a stop loss at $13.75, and a target price around/above $15.72.
Kroger Co. (KR)
Enter on a break above $33.98 with a stop loss at $32.84 and a target price around/above $40.00.
Pfizer, Inc. (PFE)
Enter on a break above $35.24 with a stop loss at $34.27, and a target price around/above $37.20.
Procter & Gamble Co. (PG)
Enter on a break above $130.40 with a stop loss at $127.25, and a target price around/above $139.00.
Progressive Corp. (PGR)
Enter on a break above $88.34 with a stop loss at $86.04, and a target price around/above $96.00.
Pinnacle West Cap Corp. (PNW)
Enter on a break above $78.25 with a stop loss at $74.76, and a target price around/above $85.57.
Republic Services, Inc. (RSG)
Enter on a break above $92.49 with a stop loss at $90.07, and a target price around/above $100.00.
Vertex Pharmaceuticals Inc. (VRTX)
Enter on a break above $218.82 with a stop loss at $210.99, and a target price around/above $255.00.
WEC Energy Group, Inc. (WEC)
Enter on a break above $88.00 with a stop loss at $86.05, and a target price around/above $96.00.
Xcel Energy (XEL)
Enter on a break above $64.00 with a stop loss at $62.69, and a target price around/above $68.00.
Xylem Inc. (XYL)
Enter on a break above $99.14 with a stop loss at $94.77, and a target price around/above $105.24.
Joining HCA trading
HCA trading offers a number of different trading accounts to suit different types of traders. Our offshore trading accounts allow traders to buy shares, ETFs, CFDs and even fractional shares in the United States for only $2 a trade. Locally, we offer shares, ETFs and CFDs at good rates with robust and reliable trading platforms. All our trading, including CFDs, is done on a Direct Market Access basis and thus our clients are able to interact directly with the real equity market and not have to worry about excessive counterparty or liquidity risk. Our prime broker locally is a big four bank and offshore we make use of one of the largest non-bank prime brokers in the world.
Local stockbroking rates
| Trading instrument | Brokerage rate | Margin rate | Minimum trade charge |
| JSE listed equities and ETFs | 0.30% | 100% | R150 |
| CFDs on JSE listed equities | 0.20% | 10% – 25% | R50 |
| SAFEX listed index futures (ALSI) | R20 | 6% – 8% | R20 per contract |
Offshore stockbroking rates
| Trading instrument | Brokerage rate | Margin rate | Minimum trade charge |
| U.S. listed equities and ETFs | USD 1 cents per share | 100% | USD 2 |
| Canada listed equities and ETFs | CAD 2 cents per share | 100% | CAD 2 |
| U.K. listed equities and ETFs | GBP 12 + 0.1% | 100% | GBP 12 |
| Germany listed equities and ETFs | 0.20% | 100% | EUR 8 |
| Forex | 0.40% | 100% | USD 4 |
*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.