Why We’re Placing Bets On PA Top Names
So far, we have 6-month track records for 78 weekly top ten names cohorts since we started this Substack, and, on average, our top ten names have returned 18.96% over the next six months, versus 12.72% for the SPDR S&P 500 Trust ETF (SPY 0.00%↑) .
Our top names from June 20th were up 37.46%, on average, over the next six months, versus up 8.75% for SPY. The kind of options trade we’re going to place today would have generated returns of 200% or better with any of the top five performers below.
Our Final Top Names Trade Of 2024
Our final top names trade of 2024 is on our #4 name from Monday night’s top ten (we already have open trades on Monday’s top three names). It’s a company based in Singapore that facilitates local equivalents of delivery apps like Uber’s (UBER 0.00%↑) Uber Eats and DoorDash (DASH 0.00%↑) in Singapore and elsewhere in Southeast Asia.
In addition to being one of our top ten names, this stock beat on both top and bottom lines when it released earnings last month, but is back to where it was trading before its earnings beat. Thanks to that pullback, Chartmill now gives it a set-up rating of 7 out of 10, to go along with its overall technical rating of 8 out of 10.
Details below.
Our Year-End Top Names Trade
Keep reading with a 7-day free trial
Subscribe to The Portfolio Armor Substack to keep reading this post and get 7 days of free access to the full post archives.