Weekly Recap
This Week's Top 5 Trades
#5 SNAP
Snap Inc. was featured in this morning’s newsletter. We saw the stock futures trading much higher on earnings and knew the gap would consume the bulk of the move, but we were still pretty confident that we could squeeze another $5 out of the trade. The stock gapped higher as expected and not only held the gap but pushed higher throughout the day. We got $5 out of the move, almost to the penny for a one-day return of 6.8%.
#4 ENPH
Enphase Energy Inc. was featured in Tuesday morning’s newsletter. We were looking to buy the open as we noticed monies flowing into solar stocks the day prior. We gave our members a target price of $180, which the stock hit on Wednesday for a two-day return of 7.4%.
#3 PINS
Pinterest Inc. was featured in Tuesday morning’s newsletter. Our entry price for the trade was $71.50, and our target price was $75. This one wasn’t exactly setting the world on fire, but it was slowly grinding in our favor. Today, however, we got a strong gap higher and some nice follow-through past our target price for a four-day return of 8.45%.
#2 FB
Facebook Inc. was featured in Wednesday’s newsletter. We called out the trade idea in FB because we saw an increase in buying pressure heading into their quarterly earnings report scheduled for next Wednesday. The entry price we gave was $343.50, and we were looking to scale out before the announcement. With today’s aggressive move to the upside, we decided to close our position into momentum for a three-day return of 8.9%.
#1 ROKU
Roku Inc. was this week’s top trade.
We felt good about this trade from the start, but today’s price action was unexpected and absolutely amazing. To put it into context, this stock typically moves about $18 per day, and it was up close to $50 today alone. That’s almost 3 days of price action! We were looking for a push up to $460, but the buying far exceeded our calculations, and we were very grateful that we got in when we did. Four-day return of 15.7%.
(See below what was sent to our members Tuesday at 6 am).
