This Week's Stock Ideas

Monday, November 11, 2024

Good morning everyone and congrats to all who caught the GH & PLTR trades with us! Two absolute monsters! GH hit for 45% and PLTR hit for 38%. Easy money! We would also like to welcome everyone who joined over the weekend and remind you to comment or ask questions below.

Last week, everyone was extremely bearish heading into the elections, and rightfully so, but we knew better. We mentioned that although markets slid to close the week, they held at our support, and we expected a bounce. Boy did we get one! The S&P 500 rocketed up over 5.5% from Monday’s low. We had some massive winners and most importantly, those who follow us did not get stuck on the wrong side of the market. So, where we go now is the question we keep getting. In our view, we continue to push higher as there is no indication of a reversal, and shorts are getting crushed and having to cover their position. That said, we would not be surprised if we get a pause or a slight pullback before moving higher, though.

Check out this week’s trade ideas.

Last week’s sector performance