Buying More Rocket Lab After Wall Street Endorsement
We’re looking to increase four positions of the small-cap portfolio.
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The portfolio ended up getting slapped around again on Friday and surrendered all of Thursday’s gains. The portfolio will be adding to long positions we see as oversold in spots ahead of the Fed’s FOMC policy meeting next week. As for Friday’s intended trade, I had technical troubles (given my current “on the road” situation, which readers are aware of), so we’ll try to get that trade on the tape on Monday morning.
Analyst Activity
Rocket Lab (RKLB)
On Friday, analyst Kristine Liwag of Morgan Stanley reiterated her “buy” rating on RKLB as well as her $105 target price. Liwag is rated at five stars out of five by TipRanks. She has compiled a 56% success rate over the past two years while generating an average return of 11%.
Friday’s Intention vs Actual Trade
Intention: Purchase 20 shares of (ONDS) at or close to the last sale of $6.31
Actual trade: Nothing done
Monday’s Intention
Purchase 20 shares of ONDS at or close to the last sale of $6.13
Purchase 10 shares of (OCUL) at or close to the last sale of $7.27
Purchase 10 shares of (PL) at or close to the last sale of $13.91
Purchase 2 shares of RKLB at or close to the last sale of $51.58
Current Positions
Long 60 shares of (ASPN) at $5.1083. Target price: $10. Last close: $5.19.
Long 50 shares of (EVLV) at $5.33.92. Target price: $8.50. Last close: $4.16.
Long 150 shares of (OCUL) at $8.3764. Target price: $14. Last close: $6.87.
Short one OCUL $9 December 18 call at $0.80. Last close: $0.44.
Long 280 shares of (ONDS) at $7.9462. Target price: $12. Last close: $6.04.
Long 100 shares of (PL) at $20.3367. Target price: $26. Last close: $13.56.
Short one PL $17 November 19 call at $1.70. Last close: $0.30.
Long 60 shares of (PTON) at $5.0263. Target price: $9. Last close: $5.22.
Long 8 shares of RKLB at $65.99. Target price: $97. Last close: $50.84.
Long 150 shares of (SOFI) at $15.90. Target price: $24. Last close: $14.55.
Cash: $843.42.
Portfolio Value: $8,280.44, -17.2% from inception on March 24.
At the time of publication, Guilfoyle was long ASPN, EVLV, OCUL, ONDS, PL, PTON, RKLB and SOFI.
