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Welcome back to Theta Bandits Top Pick Tuesday, where we search the markets to bring you fresh ideas that could be a potential winner in any portfolio. This week we are revisiting ideas from August 2024, while it has not been a long time since making these plans, there has been lots of news and the US presidential election which has led to having some very surprising results. For each recap there are two screenshots included: first the original plan and second, the continuation chart from that date.
Pick #1 – Palantir Technologies, Inc.
Palantir Technologies, Inc. (PLTR:NASDAQ)
Price at Preparation: $29.38 (August 12th, 2024)
Price at Update: $64.65 (Nov 25th, 2024)
Gain/Loss: +120%
Update
Palantir Technologies, Inc. (PLTR:NASDAQ) was chosen as an alternative way to take advantage of the AI trend through leveraging AI in their platform to provide data analytics solutions and noted for being the platform of choice for government contracts. Looking at the updated chart, this stock’s performance has even blown us away while achieving and surpassing their 12-month PT easily. Any remaining position in the stock should only be profits.
Pick #2 – Crowdstrike Holdings, Inc.
CrowdStrike Holdings, Inc. (CRWD:NASDAQ)
Price at Preparation: $266.78 (August 19th, 2024)
Price at Update: $363.68 (Nov 25th, 2024)
Gain/Loss: +36%
Update
CrowdStrike Holdings, Inc. (CRWD:NASDAQ) looked enticing as in July 2024, they released a software update which had catastrophic consequences, as such the share price paid for it. We viewed this as an opportunity and turns out we were right. The stock has recovered nicely since the incident and has hit all targets (even the risky one) set out in the original plan, as well as surpassing the 12-month average Price Target. CRWD has had a good run however, their next ER is very soon and that is always risky – make sure to mitigate any risk if the trade is still active.
Pick #3 – Ford Motor Co.
Ford Motor Co. (F:NYSE)
Price at Preparation: $11.11 (August 26th, 2024)
Price at Update: $11.40 (Nov 25th, 2024)
Gain/Loss: +2.6%
Update
Ford Motor Co. (F:NYSE) while still in the green, has been a disappointment. In the original plan we identified a trading range and Ford has been in a consolidation phase (as shown on the chart by the sideways movement). The thesis of the trade is still in-tact as the plan was to trade the range highlighted by the yellow box which was from previous movements. Even though taking a little longer, this is still good as an active trade.
Risk
The goal is to grow capital by securing profits along the way and limiting losses. Make sure to plan to trade within your risk tolerance, allowing time for success while updating limits and exit points to mitigate risk. The first two picks have surpassed expectations and profit should have been secured along the way, leaving only profits to do the heavy lifting and reducing the risk of the trades. The final pick has not performed as well, but the thesis has not been broken, in this case the original plans to mitigate risk should still be in place.
If you’ve been finding our picks helpful, imagine what trading live holds. You know what to do 👇
Disclaimer: This article is for informational and educational purposes only, not investment advice. We recommend researching and consulting with a financial advisor before making investment decisions. All actions based on this information are at your own risk.
