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One of the strategies is to buy stocks in the automobile industry with high momentum. Based on the stocks momentum of 10-day-interval, we believe that the market price will decrease this week. Thus we are selling this stock away. Short position.
Long investment of $50,000. Icahn Enterprises has a market cap of $12.3Bn and dividend yield of 10.7 %, which makes it fit our investment criteria. The company operates in industrials sector, which we have no other investment in. Additionally, at $66.81 it is also far from its 52 week of $50.33, indicating that the dividend yield is not due to falling stock price.