trade-ideas

Weekly Wins! Two Stocks Pop Despite a Stock Market Selloff

Two from Bret Jensen this week. Plus, a quick link to TheStreet Pro's Live Quarterly Meeting recap.

Nov 2, 2024, 7:00 AM EDT

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Before we get to the weekly wins, if you're new to TheStreet Pro or just haven't had a chance to sit down and watch Wednesday's Live Quarterly Meeting, I highly encourage you to read this summary of the event and then watch the panel discussion. Doug Kass, Carley Garner, and Sarge, sit down with me, Jason Meshnick, to discuss the economy, markets, and the election. Click this link to view the recap:

Two Weekly Wins this week from Bret Jensen. Both stocks dodged a down market to show big gains Thursday.

First up is Orion Group Holdings

Orion Group Holdings, Inc. ORN rose nearly 20% despite a big down day for the overall market Thursday following its better than expected Q3 results. Orion Group Holdings, Inc. was Bret's covered call trade idea back at the end of September.

Establishing a Position in an Undervalued Infrastructure Name - TheStreet Pro

Next, let's take a look at Avadel Pharmaceuticals

Avadel Pharmaceuticals plc AVDL gained 20% Thursday after winning a key patent litigation victory against Jazz Pharmaceuticals (JAZZ) around its narcolepsy drug Lumryz. Brett noted this would be likely when he highlighted a covered call in the name in late June.

I'm Playing This Biotech Stock as I Navigate an Overly Complacent Market - TheStreet Pro

Thanks and have a great weekend!