Tackle Today: Stock of the Week: $MAR
July 17, 2019
≈ Check the analysis on Instagram. ≈
“Success seems to be connected to action. Successful people keep moving. They make mistakes, but they never quit.”
J. Willard Marriott —
From a nine-stool root beer stand in Washington, D.C. to a multinational behemoth. That’s the history of Marriot International Inc. in a nutshell.
John Willard Marriott was born in 1900 in the State of Utah, and like many entrepreneurs of that time—early 20th century—, he was born into poverty and went to work while still a little kid. He was the son of a poor Mormon sheepherder and while at a young age went on missionary service to preach the Gospel.
While preaching in the East Coast, he finally experienced the hot and humid summers in Washington, D.C. By the age of 19, he thought to himself:
— “If I can find a nice cold drink to sell to these fine people here, I can make a lot of money.”
However, it was not until 1927 that he and his wife, Alice Sheets Marriott, opened this nine-stool root beer stand on 14th Street in Washington, D.C. with $1,500 of their own money and a $1,500 loan.
Without further ado, you voted, you got it: Marriott International Inc. (NASDAQ: MAR) is the stock of the week on Tackle’s Instagram. Go to our profile and check Coach Noah’s analysis on the asset.
A cup and handle formation, not beautiful, but a cup and handle, nonetheless, a clean break and some good room to run. $MAR was also one of the picks in the last week’s Options Report. Pro Members should be very happy at this time.
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Chart of the Day
Run $MAR, run!
Go to our Instagram profile and check Coach Noah’s analysis on $MAR.
Video of the Day
How to identify a profit target on a cup and handle breakout
In this video, Coach Noah Davidson demonstrates how to identify your profit target on a cup and handle breakout.
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Cash Flow Condors MasterMind Group
The Condors for Cash Flow system is a high probability option selling strategy designed to generate passive income over time. Join us tonight to go over next month’s orders.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Market Recap 4:30 PM EST
The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.
Trading Justice Episode 330: Gino Poore
In this episode of the Trading Justice Podcast, we are joined by Gino Poore. Gino is a veteran trader, a coach at Tackle Trading and a mentor to new traders. Listen in for some wisdom about how to get started, what mistakes to avoid if you’re new and how he got good in the business. Listen to the episode on the player below.
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