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.
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%↑).
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.
