Weekly Wins! How to Lose Weight but Fatten Your Wallet.
A favorite trade pops and we have our first Quarterly Live Meeting.
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Welcome to the Weekly Wins for July 27th!
This week, we have two wins to share. The first is a great trade by Bret Jensen that has helped many to lose weight while fattening their wallets.
Second, we’d like to share the video replay of TheStreet Pro’s Live Quarterly Meeting that included four of our favorite analysts: Helene Meisler, Peter Tchir, Maleeha Bengali, and Chris Versace. The conversation was fun, fast-paced, and packed with ideas. You can hear all about our Summer Investing Road Trip here:
On to Bret’s fabulous call on Viking Theraputics:
Date: June 7th, 2024
Trade: Long Viking Therapeutics VKTX
Why: Brett has covered Viking Therapeutics (VKTK) several times on TheStreet Pro in 2024 both as an attractive standalone candidate or as a logical buyout target for a larger player wanting to establish a beachhead in the fast-growing GLP -1 weight loss space. It is one of his larger covered call holdings, too.
Result: The stock soared in trading Thursday and Friday after the company announced plans to start a late-stage trial for its obesity candidate VK2735 later this year on a timeline that was much faster than the consensus expected. It's a huge positive for the company and its shareholders. It also increased the chances of a potential acquisition, according to Brett.
Read the original article here.
Thanks for reading and we hope you have a fabulous weekend.