In this [How will Interest Rate Cuts affect the OPP Stock?] video 🎥, we will be addressing a viewer’s question about OPP, a stock that was previously discussed in one of our videos 🎥 as potentially a good dividend stock. The viewer, @Grunderson, asked if decreasing rates would make older bonds more attractive and in turn, positively affect OPP’s performance.
Before diving into the analysis, I wanted to mention that OPP is a complex investment and therefore, we will be discussing it further in Part 2 of our weekly trading game plan. We will be taking a closer look at OPP’s composition and how bond prices may impact its performance.
To start off, OPP is an asset management company that specializes in various investment strategies such as the tactical closed-end fund, credit strategy, and income strategy. As we can see in their homepage, they have a diverse portfolio composed of different funds managed by multiple managers from River North and Double Line.
However, as seen in its longer-term performance, OPP has not been doing very well and hit a low point in November. This is where @Grunderson’s question becomes relevant – if rates decrease, older bonds will regain value and small businesses may have an easier time performing, thus positively affecting OPP’s performance.
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📖 CHAPTERS 📖
00:00 – OPP
07:57 – BeachBum Trading Sites
08:45 – Discord Invite
🎥 RELATED VIDEOS 📟
🎥 Is OPP a Good Dividend Paying Stock to Buy Now? 👉 https://youtu.be/tw-2YxmyLPI
🎥 How To Do Your Due Diligence [DD] on Stocks in ChartMill | How To Do Due Diligence on Stocks 👉 https://youtu.be/op2lD_1Zbvk
🎥 How To Do Your Due Diligence [DD] on Stocks in FinViz | How To Do Due Diligence on Stocks | Tutorial 👉 https://youtu.be/58v49on6kIU
🎥 Top Swing Trading Stocks to Watch 👀 | 2/26 – 3/1/24 | TSLY APLY BOIL FNGD LTC HIMX MEIP OPP & More 👉 https://youtube.com/live/qAr2WAOCNSM
👉 Please find and watch 👀 All of the 🎥 videos wherein we briefly show you how we perform some of with our Due Diligence [DD] on some other individual Stocks / Symbols / Tickers, All for FREE, in our [Due Diligence] Playlist at 👉 https://www.youtube.com/playlist?list=PLH_4RiO370FM49UzlSB7YUiAozukKIO4A
🧰 TRADING TOOLS USED IN THIS VIDEO 🧰
🛠️ ChartMill 👉 https://bit.ly/3By9g4X
🛠️ FinViz 👉 https://bit.ly/3h7r8M3
🔽 REFERENCES 🔽
📝 OPP – RiverNorth/DoubleLine Strategic Opportunity Fund Inc. – Home Page 👉 https://www.rivernorth.com/opp
📝 Profile of RiverNorth/DoubleLine Strategic Opportunity Fund Inc. (OPP) stock | ChartMill.com 👉 https://www.chartmill.com/stock/quote/OPP?a=152324
📝 OPP RiverNorth/DoubleLine Strategic Opportunity Fund Inc. Stock Quote 👉 https://finviz.com/quote.ashx?a=311864277&t=OPP
📝 Weekly Trading Game Plan Notes for 2/26 – 3/1/24 – Part 2 👉 https://docs.google.com/document/d/1FfKxbKd3RuSoYbjdrPn2IDiB7DW1peMes7HenG_CwaE/edit?usp=sharing
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#OPP #InterestRateCuts #duediligence
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