Trade Alert: Space And Biotech
Three Off-The-Beaten Path Bullish Bets
Three Different Names, One Basic Idea
We’re starting this week with three names from two different parts of our workflow: one from Portfolio Armor’s Top Names, and two from our Market Watchers X list pipeline. They’re very different businesses—a space and earth-observation company, an oncology biotech, and a rare-disease biotech—but they all give us something we care about: a catalyst path we can trade around, plus structures that give us defined risk.
One of these three is already an open position for us. We first traded it earlier this month when it showed up on our Market Watchers list. Now that it has also appeared in Portfolio Armor’s Top Ten, we’re taking that as additional confirmation and adding a second trade on it.
Why Space Names Are Exciting Again
Space names are especially interesting now because of the pending SpaceX IPO. As Reuters has reported, SpaceX confidentially filed for an IPO and has targeted an early-June roadshow ahead of what could become the largest public offering in history. That has helped put the sector back on investors’ radar.
The other two names we’re trading today come from biotech, but not the sort of early-stage stories that depend on one all-or-nothing event. One is an oncology name, the other a rare-disease name, and in both cases we have structures that give us time beyond the next obvious catalyst.
Full details below.
Today’s Top Names Trade
Space / earth observation theme
