Adding to 6 Small-Cap Positions Amid Risk-Off Session
We’re looking to add the shares sold in recent days at the highs.
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It’s Friday morning and it looks like a tough one out there.
From Intel (INTC) to Amazon (AMZN) to the possible resumption of the war to the midterm elections to the Binance news, Friday has the makings of a risk-off session. My intention for this portfolio, on Friday, is to try to add the shares sold over the past two days at the highs back to their respective long positions, if the gap between the sale and the potential buy is interesting.
Portfolio News
Evolv Technologies (EVLV)
On Thursday, Evolv Technologies announced a multi-year renewal of its relationship with Boston College. As part of this agreement, Boston College has upgraded its fleet of Evolv Express systems from Gen1 to Gen2 hardware while adding three Evolv eXpedite bag screening systems.
Peloton Interactive (PTON)
On Friday morning, analyst Susan Anderson of Canaccord Genuity was assigned coverage of PTON by her firm. Though she rated PTON as a “buy,” she decreased her firm’s target price from $10 to $8. Anderson is rated at 0.5 stars out of five by TipRanks. Over the past two years, she has compiled a 38% success rate while generating an average return of -4.5%.
SoFi Technologies (SOFI)
On Thursday, analyst Timothy Chiodo of UBS was assigned coverage of SOFI by his firm. Though he rated SOFI as a “hold,” he increased his firm’s target price from $21 to $22. Chiodo is rated at 0.5 stars out of five by TipRanks. Over the past two years, he has compiled a 44% success rate while generating an average return of -6.2%.
Upcoming Portfolio Earnings
Ocular Therapeutix (OCUL), Wednesday, November 4.
Consensus: adjusted EPS of $-0.35 on revenue of $14.3 million
Aspen Aerogels (ASPN), Thursday, November 5.
Consensus: adjusted EPS of -$0.07 on revenue of $72.1 million
Peloton Interactive (PTON), Thursday, November 5.
Consensus: adjusted EPS of $0.13 on revenue of $552.7 million
Rocket Lab (RKLB), Monday, November 9
Consensus: adjusted EPS of -$0.02 on revenue of $257.2 million
Evolv Technologies (EVLV), Tuesday, November 10
Consensus: adjusted EPS of -$0.02 on revenue of $45.6 million
Ondas Inc (ONDS), Friday, November 13
Consensus: adjusted EPS of -$0.09 on revenue of $148.1 million
Planet Labs (PL), on or close to December 10
Consensus: adjusted EPS of -$0.03 on revenue of $104.5 million
Thursday’s Intention vs Actual Trade
Intention: Sell 20 shares of OCUL at or close to the last sale of $7.39
Actual trade: Sold 20 shares of OCUL at $7.46
Friday’s Intentions
Purchase 10 shares of ONDS at $6.25 or better. Limited. (Sold 10 shares this week at $6.67)
Purchase 10 shares of PL at $13.50 or better. Limited. (Sold 10 shares this week at $14.27)
Purchase 2 shares of RKLB at $53.00 or better. Limited.
Purchase 2 shares of RKLB at $51.00 or better. Limited. (Sold 4 shares this week at $57.46.)
Purchase 10 shares of OCUL at $7.00 or better. Limited.
Purchase 10 shares of OCUL at $6.80 or better. Limited. (Sold 20 shares of OCUL at $7.46 on Thursday)
Current Positions
Long 60 shares of (ASPN) at $5.1083. Target price: $10. Last sale: $5.21.
Long 50 shares of (EVLV) at $5.33.92. Target price: $7.50. Last sale: $4.76.
Long 150 shares of (OCUL) at $8.1117. Target price: $12. Last sale: $7.12.
Short one OCUL $9 December 18 call at $0.80. Last sale: $0.23.
Long 300 shares of (ONDS) at $7.7485. Target price: $12. Last sale: $6.42.
Long 100 shares of (PL) at $18.9497. Target price: $20. Last sale: $13.69.
Short one PL $17 November 19 call at $1.70, Last sale: $0.23.
Long 70 shares of (PTON) at $5.0654. Target price: $9. Last close: $5.29.
Long 10 shares of (RKLB) at $53.667. Target price: $84. Last close: $55.22.
Long 125 shares of (SOFI) at $15.9644. Target price: $24. Last close: $16.88.
Cash: $1,023.43.
Portfolio Value: $8,914.86, -10.1% from inception on March 24.
At the time of publication, Guilfoyle was long ASPN, EVLV, OCUL, ONDS, PL, PTON, RKLB, SOFI, INTC and AMZN.
