Satellite stocks are turning heads in the market after Amazon announced their purchase of Globalstar Inc. (GSAT).
Mike Shorr is a big fan of the sector, and has been watching one satellite stock — AST SpaceMobile Inc. (ASTS) — even before the Amazon announcement.
Mike appeared on Business First AM recently to discuss why he’s excited about ASTS, the impact Amazon’s purchase of Globalstar could have on it, and how he would trade the stock.
The analysis, insights, and strategies shared by Prosper Trading Academy’s coaches in Prosper Insider are strictly for educational and informational purposes only. All content reflects the personal opinions of the coaches and should not be construed as specific investment advice or recommendations. Any examples discussed are illustrative in nature and do not represent actual live trade signals or instructions to buy or sell securities. Trading involves risk, and individuals should carefully evaluate their own financial situation before making investment decisions.
Mike’s analysis covers:
- His enthusiasm for satellite stocks
- Leveraging the recent pullback in ASTS
- Where he would love to buy the stock
- If he believes space-related stocks are just hype
- The straightforward options trade he would consider for ASTS
