Our Small-Cap Defense Name Surges After $70 Million Update
Plus, SoFi is set to release some important earnings data.
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We had waited for this one to show some life. Ondas Inc (ONDS) rallied 11.5% on Tuesday and is up again this (Wednesday) morning. There is some news.
The firm announced that it had secured as much as $70 million in new orders over the past four weeks across its defense, security and autonomous technology platforms. These orders include unmanned ground systems, border security/reconnaissance technology, protection/defense technologies, counter-unmanned aircraft (drone) systems, intelligence, surveillance and autonomous precision-strike capabilities. The orders include a recently announced $6.9 million order for Ondas C-UAS systems by the armed forces of Australia.
Upcoming Portfolio Earnings
SoFi Technologies (SOFI) is set to release the firm’s second quarter financial results after the closing bell on Wednesday, July 29. Wall Street is looking for a GAAP EPS of $0.11 on revenue of $1.12 billion. This would compare to the year-ago EPS print of $0.09 on year-over-year sales growth of 30.4%.
Tuesday’s Intentions vs Actual Trades
Intention: Sell 50 shares of ONDS at or close to the last sale of $7.73
Actual trade: Sold 50 shares of ONDS at $7.59
Intention: Purchase 25 shares of (ALTO) at or close to the last sale of $5.02
Actual trade: Bought 25 shares of ALTO at $5.11
Wednesday’s Intention
Purchase 5 shares of SOFI at or close to the last sale of $17.09 (to make a long position of 150 shares)
Current Positions
Long 175 shares of ALTO at $5.4527. Target price: $8. Last sale: $5.17.
Long 80 shares of (EVLV) at $5.8959. Target price: $8.50. Last sale: $5.47.
Long 40 shares of (INSG) at $8.2863. Target price: $11. Last sale: $7.57.
Long 100 shares of (OCUL) at $8.3569. Target price: $11. Last sale: $8.71.
Short one OCUL $11 September 18 call at $1.65. Last sale: $1.00.
Long 250 shares of ONDS at $8.4266. Target price: $14. Last sale: $8.26.
Long 30 shares of (PL) at $27.0367. Target price: $46. Last sale: $22.78.
Long 60 shares of (RXT) at $5.4621. No target price. Last sale: $4.21.
Long 145 shares of SOFI at $15.9559. Target price: $24. Last sale: $17.07.
Short one SOFI August 21 $20 call at $1.02. Last sale: $0.44.
Long 30 shares of (SWBI) at $15.74. Target price: $19. Last sale: $14.93.
Long 80 shares of (VELO) at $13.1308. Target price: $18. Last sale: $10.95.
Cash: $1,141.99.
Portfolio Value: $10,342.77, +3.4% from inception on March 24.
At the time of publication, Guilfoyle was long ALTO, EVLV, INSG, OCUL, ONDS, PL, RXT, SOFI, SWBI and VELO.
