Weekly Recap
This Week's Top 5 Picks
#5 DRI
Darden Restaurants was featured in Monday morning’s newsletter. We were looking for a continuation higher after the breakout and we got just that. If you took the idea on Monday morning at the open and sold it yesterday into the close you could have benefited form a four day return of 6.3%.
#4 Z
In Wednesday morning’s newsletter, we talked about how Zillow continues to move higher while staying under the radar. This trade was no different. If you took the idea on Wednesday morning and sold today at the close, you had a very easy trade that required no attention and would have yielded a three day return of 6.6%.
#3 WKHS
Workhorse Group was in Tuesday morning’s newsletter. We mentioned the stock was overbought and we were looking to initiate a new short sale to our target of $25. The stock actually hit our target in just two days. If you took this idea on Tuesday at the open and sold the following day at our target you would have benefited from a two day return of 8.5%.
#2 PTON
In Monday morning’s newsletter, we mentioned how strong Peloton was after news came out against the “supposed” competition and we were looking for the stock to continue higher. Not only did it continue higher but it did so in a big way. If you took this idea on Monday at the open and sold today at the close, you would have benefited from a five day return of 10.5%.
#1 OSTK
Overstock.com: this week’s big winner. We mentioned OSTK in Thursday’s newsletter and we specifically called out an explosive move in the stock. This was an amazing one day trade right out of the gate. If you bought Thursday at the open and sold at the close you would have benefited from a one day return of 11.7%.
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