Rise of the RoboTaxi? šŸ¤–

PLUS: Bad Kitty šŸ±

 GainersšŸ“ˆ & LosersšŸ“‰

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

For the 28th June 2024:

  • Rise of the RoboTaxi?šŸ¤– 

  • Bad Kitty šŸ±

  • Make Your Mind Up! šŸ˜•

Just under a 1% gain todayā€¦ click on me to see my live portfolio!

Rise of the RoboTaxi? šŸ¤–

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

Up Nearly 6% & up a smidge into the aftermarket hours

Whatā€™s caused the pop today?

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

And the delivery numbers are expected to beā€¦ā€¦ worse than last year.

Theyā€™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 doesnā€™t) we could be looking at optimism around the Robotaxi event set for August 8th.

I took a deeper look at Teslaā€™s potential on that here if you want to have a read.

What the marketā€™s smoking looking at these delivery numbers & gaining nearly 6%ā€¦

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

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

My Current holdings in Tesla up nearly 12% now

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

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Bad Kitty šŸ±

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

GME & red days go hand in hand

And yes, I do mean biggest gainer even though itā€™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.

A history of some of the closed positions in Gamestop

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 thereā€™ll be more news from Roaring Kitty that will spike Gamestop so I can short again & again

Hereā€™s hopingā€¦.

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

Make Your Mind Up! šŸ˜•

UNH was up when the markets down. Now theyā€™re down while the markets up!

The red days just look like a pull back to me

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

Weā€™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 positionā€¦ they currently make up just over 1% of my portfolio.

Thatā€™s all! See you same time tomorrow week šŸ‘‹ 

P.S Hit reply & let me know what you thought of todayā€™s newsletter. All feedback is welcomed ā¤ļø

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