Morning Bid: Forget the Soft Landing, Just Keep Flying

As the sun rises, so do the hopes of investors, with the morning bid often setting the tone for the day's trading. But what if the market's trajectory isn't a gentle descent, but a steep ascent? Welcome to the world of the morning traders, where the game plan is simple: just keep flying.

The morning traders, often associated with the Robinhood generation, have been on a roll since the market's lows. They've been coining money, much to the dismay of seasoned hedge fund managers like Bill Ackman, Ray Dalio, and Paul Tudor Jones, who've been warning of market danger. But who's been right? The amateurs, that's who. David Portnoy, the founder of Barstool Sports, has been spot on with his "stocks always go up" mantra, leaving the suits scratching their heads.

So, what's the game plan for these early birds? They have a set routine, and if you're up at 4 a.m., you can follow it by watching the crawl at the bottom of the screen. Here's what they buy on days when positive Covid news is expected:

1. Airlines: United (UAL), JetBlue (JBLU), Delta (DAL), American (AAL), and Southwest (LUV). The best bet is Southwest, with its strong fundamentals and cash position. American, on the other hand, is the most speculative, given its need for government aid and existing problems.
2. Cruise ships: Carnival (CCL), Royal Caribbean (RCL), and Norwegian Cruise (NCLH). Norwegian Cruise is the top pick, thanks to its strong cash position and potential for a strong rebound.
3. Shopping: Simon Property Group (SPG) and Taubman (TCO). Simon Property Group is the largest mall company, and despite its issues, morning traders love it. Marriott (MAR) is another favorite, with its superior management and Chinese exposure.
4. Dine out: Chipotle (CMG) and McDonald's (MCD). Chipotle's digitized units and McDonald's widespread presence make them popular choices.

But remember, by the time the market opens, it's often too late. To anticipate, you need to have your game plan ready. Don't judge these morning traders too harshly; they're just following the data and the market's momentum. And who knows? They might just be onto something.

In conclusion, the morning bid isn't about a soft landing; it's about keeping your eyes on the prize and following the market's trajectory. So, whether you're a seasoned investor or a newbie, keep your eyes peeled and your game plan ready. Just keep flying.