Trade Alert: The Nuclear Option
Bullish bets on nuclear energy and crypto following our Peloton win.
Update On A Lottery Ticket
Before we get to today’s trade alert, a quick update on a previous one. Peloton Interactive (PTON 0.00%↑) was one of the two “lottery tickets” mentioned in the trade alert below, from last month. It’s up about 26% today, as I type this, after beating earnings and announcing that it hired the cofounder of Apple Fitness as its new CEO.
I sold half of my calls on it today for a 250% gain, and am holding the rest for now.
Now onto today’s trade alert.
Nuclear Energy And AI
The data centers being built out to run artificial intelligence consume so much energy, that it’s leading to a renaissance in nuclear power, as exemplified by this month’s Google news (“Google signs deal with nuclear company as data center power demand surges”). One of the best analysts I follow on X (one who was also bullish on PTON) had highlighted two nuclear names as favorites; last night, one of them appeared in Portfolio Armor’s top ten names. Today, we’re betting on both of them.
The third name we’re betting on today is a crypto-related name that has three things going for it today:
It’s one of our top ten names.
The same analyst who was bullish on PTON likes it.
It’s down double-digits after a slight earnings miss.
Details below.
Nuclear Trade #1
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