Investor and trader Jay Woods said shopping mall owner Simon Property Group is experiencing good trading conditions this week. When Simon reports after the bell on Monday, the stock is already up 3% this year, just below its 52-week high since the start of the report. said Simon, chief market strategist at Freedom Capital Markets. “The stock should rise to the low $200s on positive news… Downside risk is $182, $184…Longer term, if we buy this stock back, there’s plenty of room to execute based on the long-term uptrend, so over 6-12 months this stock could be in the low $220s. Maybe as high as $240, $250.” SPG 1Y Mountain, Simon Property Group, 1 year Woods also has his eye on Pfizer ahead of Tuesday morning’s earnings report: “The downtrend is finally over…it’s bottoming out. If we can get above $27 — and that’s a big assumption — and sustain there, the stock will be on a path to $32. It pays a good dividend. It’s a great boring stock over the long term, but it’s an interesting position in these volatile times.” In the video above, Woods also touches on: The S&P 500. The major levels to watch this week. Biogen trading levels on Friday earnings. Palantir, Amazon and Alphabet earnings this week
