I’m Adding to This $10K Portfolio Stock, Shedding Some of Another
As we prepare for these two trades, let’s look at some news in Germany for holding Planet Labs and other stocks in the portfolio.
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Portfolio holding Planet Labs (PL) on Tuesday said its subsidiary Planet Labs Germany had been awarded a Satellite Services tender by the German Federal Ministry of the Interior. This award marks Germany as the first civil government anywhere to acquire the firm’s dedicated Constellation Services operation. The firm sees this as potentially setting a new precedent for public-sector space procurement.
Under this agreement, the German Federal Agency for Cartography and Geodesy will coordinate and distribute high-resolution tasked imagery, nationwide Planet Mosaics, and advanced geospatial analytics to serve German civil authorities. In addition to providing exclusive dedicated satellite tasking capabilities, Planet Labs will deliver a Cloud native Software-as-a-Service and Platform Solution securely deployed on European cloud infrastructure.
Other Portfolio News
– Ocular Therapeutix (OCUL): On Tuesday, analyst Tazeen Ahmad of Bank of America reiterated her “buy” rating on OCUL as well as her $27 target price. Ahmad is rated at four stars out of five stars by TipRanks. She has compiled a 57% success rate over the past two years while generating an average return of 7.4%.
On Tuesday, analyst Lachlan Hanbury Brown of William Blair reiterated his “buy” rating on OCUL without setting a target price. Hanbury Brown is rated at one star out of five stars by TipRanks. He has compiled just a 44% success rate over the past two years while generating a tough-looking average return of -2.7%.
On Wednesday morning, analyst Yi Chen of HC Wainwright reiterated his “buy” rating on OCUL as well as his $25 target price. Chen is rated at two stars out of five stars by TipRanks. He has compiled just a 41% success rate over the past two years while generating an average return of 4.2%.
– Smith & Wesson Brands (SWBI): Just a heads up. Portfolio holding Smith & Wesson declared a $0.13 quarterly dividend earlier this month for shareholders of record Sept. 17. That’s tomorrow. The stock will trade ex-dividend tomorrow. The dividend will be paid on Oct. 1. SWBI currently trades at a nice 4% dividend yield.
Trading
The portfolio intends to complete its exit from the long position in Alto Ingredients (ALTO) today. Given that the $11 Sept. 18 call that we sold for $1.65 a way back closed on Tuesday at $0.05, we are very close to maximizing that position’s potential. Hence, at these prices, there is risk to keeping that position open than there is reward available. The portfolio will be closing that position today if doing so can be done at a desirable price. Oh, and I should tell readership that If I had the cash available in this account, I would probably double the long position in Smith & Wesson (SWBI) for the 17th, scoop the dividend more fully and then get myself back out of that half afterwards if I could do so intelligently.
Tuesday’s Intentions vs. Actual Trades
– Sell 25 shares of ALTO(ALTO) at or close to the last sale of $3.96.
– Sold 25 shares of ALTO at $4.07.
– Purchase 2 shares of RKLB (RKLB) at or close to the last sale of $63.60.
– Bought 10 shares of PL at $63.68.
Wednesday’s Intentions
– Sell 25 shares of ALTO at or close to the last sale of $4.02 to close this position.
– Purchase one OCUL $11 Sept 18 call at $0.15 or better to close this position.
Current Positions
Long 25 shares of ALTO at $4.26. Target Price: canceled. Last sale: $4.02.
Long 60 shares of ASPN at $5.1083. Target Price: $10. Last sale: $4.89.
Long 100 shares of EVLV at $5.7883. Target Price: $8.50. Last sale: $5.04.
Long 100 shares of OCUL at $8.3545. Target Price: $11. Last sale: $10.37.
Short one OCUL $11 Sep 18th call at $1.65, Last sale: $0.05.
Long 250 shares of ONDS at $8.0932. Target Price: $12. Last sale: $7.30.
Long 100 shares of PL at $20.3367. Target Price: $26. Last sale: $16.13.
Long 35 shares of PTON at $5.1236. Target Price: $9. Last sale: $4.88.
Long 7 shares of RKLB at $73.8629. Target Price $97. Last sale: $63.64.
Long 120 shares of SOFI at $16.0609. Target Price: $24. Last sale: $17.19.
Short one SOFI $22 Nov 19th call at $1.20, Last sale: $0.41.
Long 50 shares of SWBI at $14.0414. Target Price: $19. Last sale: $13.15.
Long 70 shares of VELO at $11.3871. Target Price: $18. Last sale: $10.17.
Cash: $219.55.
Portfolio Value: $9,593.54, -4.1% from inception on March 24th.
At the time of publication, Guilfoyle was long ALTO, ASPN, EVLV, OCUL, ONDS, PL, PTON, RKLB, SOFI, SWBI and VELO.
