Gainers📈 & Losers📉

Our Biggest Gainers & Losers of the Day in the $100,000 Build Portfolio

For the 28th June 2024:

• Rise of the RoboTaxi?🤖 

• Bad Kitty 🐱

• Make Your Mind Up! 😕

Rise of the RoboTaxi? 🤖

Elon doing us a solid today. Tesla was the biggest gainer in our portfolio, up 5.87%!

What’s caused the pop today?

Well Tesla usually report their delivery numbers AKA their sales numbers on the second day of each quarter. That’d be tomorrow.

And the delivery numbers are expected to be…… worse than last year.

They’re penciled in to report 420,000 cars delivered compared to 466,000 in the same quarter of 2023.

Unless the market loves bad sales (which it doesn’t) we could be looking at optimism around the Robotaxi event set for August 8th.

I took a deeper look at Tesla’s potential on that here if you want to have a read.

There is also a correlation between EV companies like Tesla & hype around meme stocks like Gamestop. And Gamestop has been back in the news again….

But all that said, given the positive sentiment of the market today, if deliveries beat expectations we could see another strong rally.

My current position in Tesla is $73.42 which makes up 1.76% of our portfolio. Nearly 12% profit overall & I think we’ve still got some upside yet. There’s so many paths for them create something world changing, I think it’s worth a hold.

Bad Kitty 🐱

Gamestop was the second biggest gainer was Gamestop, down 5.49% at market close.

And yes, I do mean biggest gainer even though it’s down. Because we shorted the stock.

I managed to time this one quite nicely & closed when the market bottomed at around -9% on the day.

Did I mention the position was using 5x leverage too?

So we closed the trade out at a 46% gain for the day.

At a position size of $50 it makes up about 1.24% of my portfolio.

GME dropped on the back of news around Roaring Kitty holding a $200million+ plus position in Chewy. And more rumours about ongoing investigations into whether his involvement in all these rallies is entirely legal.

Every morning I wake up hoping that there’ll be more news from Roaring Kitty that will spike Gamestop so I can short again & again

Here’s hoping….

PS I did a whole deep dive into shorting meme stocks too that you can read here 

Make Your Mind Up! 😕

UNH was up when the markets down. Now they’re down while the markets up!

They were our biggest gainer not too long ago. This just looks like a pull back to continue a higher trend to me.

We’re falling back to a previous support level & the trading volume is low on the red candles.

Financials still look good on the fundamentals & our overall position is still in the green.

Could be a good time to add a little to the position… they currently make up just over 1% of my portfolio.

That’s all! See you same time tomorrow week 👋 

P.S Hit reply & let me know what you thought of today’s newsletter. All feedback is welcomed ❤️