Weekly Wins: The Long and Short of Four Great Trades
Four great examples of the work our amazing analysts do every day.
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I was traveling last week and couldn't send out the weekly wins. This week's edition should make up for it with four great examples of the work our amazing analysts do every day.
Paul Price gets bearish on CAVA at the top
My kids love Cava. It’s the Mediterranean version of Chipotle, so what’s not to like? Investors have agreed, sending shares up 75% in the 18 days from August 5th to August 23rd. But, with a PE ratio of 300x, Paul Price was getting heartburn.
Date: August 26th, Paul told investors that the run-up was over and the stock was overvalued.
Trade: Bearish on CAVA at $128
Result: Paul picked the top. Shares have been down as much as 15%.
Read the article here.
Ed Ponsi suggest we take a bite of Chewy
Although shares had seemingly rolled over and played dead, Ed Ponsi thought that Chewy was ready for adoption.
Date: May 30th
Trade: Buy CHWY around $21.50
Result: Shares quickly rallied to 30 and are currently up around 20%.
Read the article here.
Ed Ponsi says that Super Micro is more micro than super
In Three AI Stocks About to Roll Over, Ed turned bearish on the sector that has made so many people rich. The other two stocks, DELL and VRT are also lower, but SMCI is down by about 50%.
Date: June 7th.
Trade: Sell SMCI around $775
Result: Shares are off 50%
Read the article here.
Rev Shark secures a huge gain in CompoSecure
Who doesn’t love a metal credit card? Not only are do they make you feel rich, when you get off your private jet in Aspen, you can use your metal card to remove the frost from your Bentley’s windshield! CompoSecure is one of the leading manufacturers of those cards and James “Rev Shark” DePorre loves the stock.
Date: May 7th
Trade: Buy CMPO around $7
Result: After a near-term decline, shares are now up over close to 70%
Read the article here.