Investor and trader Jay Woods said there’s a good trading set-up in shopping mall owner Simon Property Group this week. Simon reports after the bell Monday and the shares are up 3% this year already, sitting just below their 52-week high into the report. On Simon, the chief market strategist at Freedom Capital Markets said: “This stock should rally into the low $200s on positive news…the downside risk $182, $184…Long term, when you back this stock out, it has a lot of room to run based on the longer term uptrend so over six to 12 months this stock could be in the low $220s — maybe make a ride to $240, $250.” SPG 1Y mountain Simon Property Group, 1 year Woods is also watching Pfizer ahead of its earnings Tuesday morning: “The downtrend has finally ended… It’s bottoming. If it can break above $27 — and that’s a big if —and hold there, then the stock is on a path to $32. It pays a nice dividend. It’s great long term boring stock, but in these volatile times and interesting place to be.” In the video above, Woods also touches on: Key levels to watch this week on the S & P 500. Biogen trading levels into earnings Friday. Palantir, Amazon, Alphabet earnings this week
