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The Portfolio Armor Substack
The Portfolio Armor Substack
Trade Alert: Top Names + Utilities

Trade Alert: Top Names + Utilities

Today's options trade is on our #2 stock yesterday, a utility that should benefit from the growth in AI and EVs.

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Portfolio Armor
Jul 03, 2024
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The Portfolio Armor Substack
The Portfolio Armor Substack
Trade Alert: Top Names + Utilities
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A futuristic illustration showing the growth of electric utilities with the rise of AI and electric vehicles (EVs). On one side, depict a modern cityscape with AI-driven buildings and infrastructure, including solar panels and wind turbines. On the other side, show a network of electric vehicles connected to charging stations. In the center, highlight a large electric utility grid connecting both sides, symbolizing the investment opportunities. Use bright colors and clean, modern design elements to convey innovation and growth.

Aiming For A 200% Gain Again

As I mentioned in yesterday’s trade alert, we currently have three options trades on track for ~200% gains [in Carvana (CVNA 0.00%↑), SalesForce ( CRM 0.00%↑), and Tesla (TSLA 0.00%↑).

Trade Alert: Post-Earnings

Portfolio Armor
·
July 2, 2024
Trade Alert: Post-Earnings

Three Trades On Track For 200% Gains As we mentioned in our Exits post on Saturday, two of our open trades were on track for 200% gains, one on SalesForce (), and one on Carvana (). With today’s move in Tesla () shares, we now have three trades on track for 200% gains. The max gain (of about 207%) for our Tesla trade in the post below is with Tesla trading over $205; Tesla is trading at about $229 as I type this.

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As with yesterday’s trade alert, we’re aiming for a ~200% gain with this one too.

The underlying stock here is a utility that should benefit from the growth in electric vehicles and AI data centers going forward. It was one of Portfolio Armor’s top names last night (#2), and it has pulled back slightly since its last earnings release, though prices have started to consolidate (indicated by its Chartmill setup rating of 6, on a scale of 0-10).

Our bet is that it hits the higher end of its expected movement after its next earnings release in August.

Details below.

Today’s Top Names Trade

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