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Cody Willard

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Oct. 13, 2020, 4:46 p.m. EDT

Prepare for the stock market to throw a fit but stay focused on innovative companies

Cody Willard expects short-term volatility as investors clamor for government stimulus

By Cody Willard, MarketWatch


Cody Willard
Cody Willard at Virgin Galactic's Space Port America in New Mexico.

I like to focus on individual stock ideas, finding the most Revolutionary companies on the planet when their valuations are compelling.

A big winner has been SolarEdge Technologies Inc. /zigman2/quotes/207754270/composite SEDG -2.03% , which has been volatile since we bought it at $14 a share four years ago . The volatility over short time frames has been meaningless to its long-term move to $300. I am still long SolarEdge, although I’m looking to hedge it with some puts/shorts on some other solar stocks that have been on fire lately but are not as Revolutionary. Maybe some First Solar Inc. /zigman2/quotes/209356097/composite FSLR -0.23% , JinkoSolar Holding Co. /zigman2/quotes/207601099/composite JKS +0.66%  and Enphase Energy Inc. /zigman2/quotes/207948472/composite ENPH -2.18% puts 0-15% out-of-the-money and dated out to November, or something along those lines.

/zigman2/quotes/207754270/composite
US : U.S.: Nasdaq
$ 204.01
-4.23 -2.03%
Volume: 964,126
May 13, 2021 4:00p
P/E Ratio
85.08
Dividend Yield
N/A
Market Cap
$10.82 billion
Rev. per Employee
$459,758
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/zigman2/quotes/209356097/composite
US : U.S.: Nasdaq
$ 69.57
-0.16 -0.23%
Volume: 1.70M
May 13, 2021 4:00p
P/E Ratio
14.37
Dividend Yield
N/A
Market Cap
$7.41 billion
Rev. per Employee
$531,634
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/zigman2/quotes/207601099/composite
US : U.S.: NYSE
$ 30.71
+0.20 +0.66%
Volume: 2.09M
May 13, 2021 4:00p
P/E Ratio
51.67
Dividend Yield
N/A
Market Cap
$1.45 billion
Rev. per Employee
$208,923
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/zigman2/quotes/207948472/composite
US : U.S.: Nasdaq
$ 114.61
-2.56 -2.18%
Volume: 4.37M
May 13, 2021 4:00p
P/E Ratio
185.45
Dividend Yield
N/A
Market Cap
$15.90 billion
Rev. per Employee
$911,088
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Cody Willard is a columnist for MarketWatch and editor of the "Revolution Investing" newsletter.

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