Taking Profits in 2 Holdings as Our Small-Cap Portfolio Outperforms
Some news updates and trade plans for the $10K Portfolio.
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There has been light news flow so far for the $10K Portfolio on Wednesday morning.
Snap (SNAP)
On Tuesday, UBS analyst Stephen Ju reiterated his "hold" rating on (SNAP) , along with his $7 target price. Ju is rated at five stars out of five by TipRanks, has a 50% success rate over two years with an average return of 11.1%.
SoFi Technologies (SOFI)
On Wednesday morning, SoFi Technologies (SOFI) confirmed that the firm will release its first quarter financial results a week from the day, after the closing bell on Wednesday, April 29.
Wall Street is looking for a GAAP EPS of $0.12 on revenue of $1.05 billion. Numbers like that would compare well to the $0.06 posted for the year-ago period on annual revenue growth of more than 36%. Of the 17 sell-side analysts that I know who cover SOFI, seven have revised their estimates higher since the start of the period, seven have revised their estimates lower and three have sat on their hands.
Tuesday's Intentions vs Tuesday's Actual Trades
Intention: Purchase 25 shares of SNAP at or close to the last sale of $5.76
Actual Trade: Purchased 25 shares of SNAP at an average of $5.625
Intention: Purchase 5 shares of (INFQ) at or close to the last sale of $15.08
Actual Trade: Purchased 5 shares of INFQ at $14.96
Intention: Sell 10 shares of (VELO) at or close to the last sale of $15.85
Actual Trade: Sold 10 shares of VELO at $14.61
Wednesday's Intention
The portfolio is going to take partial profits in a couple of our favorite stocks, SOFI ahead of earnings, and Rocket Lab (RKLB) .
The $10K portfolio is currently up 20.6% on what is our largest position (SOFI) and we would like to free up some dry powder as we head into the meat of earnings season. The portfolio is also up 33.2% on the RKLB long.
-Sell 25 shares of SOFI at or close to the last sale of $19.29 to leave a long position of 125 shares
-Sell 5 shares of RKLB at or close to the last sale of $89.60 to leave a long position of 10 shares
Current Positions
Long 50 shares of (EVLV) at $6.0898. Last sale: $6.74.
Long 40 shares of INFQ at $12.128. Last sale $15.38.
Long 150 shares of (OCUL) at $8.305. Last sale: $9.44.
Long 125 shares of (ONDS) at $9.4749. Last sale: $11.22.
Long 10 shares of (PL) at $37.18. Last sale: $38.88.
Long 10 shares of (PLTR) at $141.29. Last sale: $147.87.
Long 15 shares of RKLB at $67.1653. Last sale: $89.60.
Long 100 shares of (SIDU) at $2.5492. Last sale: $3.98.
Long 100 shares of SNAP at $5.9034. Last sale: $5.72.
Long 150 shares of SOFI at $15.9874. Last sale: $19.29.
Long 40 shares of VELO at $10.93. Last sale: $15.88.
Cash: $344.76
Portfolio Value: $11,828.90, +18.3% from inception on March 24.
For comparison, the S&P 500 is up 7.4% and the Russell 2000 is up 10.8% over that period.
Related: Asia's Worst Performer Slumps Again as MSCI Refuses to Remove Shackles
At the time of publication, Guilfoyle was long EVLV, INFQ, OCUL, ONDS, PL, PLTR, RKLB, SIDU, SNAP, SOFI and VELO.
