| Hey traders, Lance Ippolito here! Welcome to our Weekly Rundown, where we'll share some of our top trading ideas — and our biggest winners!
Now, let's get to some…
The weather is getting hot and the world has over a year of cabin fever to shake off... About 40% of Americans are fully vaccinated now and another 10% have had their first dose. With those numbers rising, mask mandates and capacity restrictions are being lifted across the country.
As economic activity returns to the pre-pandemic normal, we're seeing rebounds in travel, food service and retail…
But after everyone is done flying, eating and shopping… they'll want to be entertained! That gives traders another opportunity to capitalize on beaten-down stocks before they return to form. And I'm personally laying down a big bet with my own money on two companies that will beat the odds…
I Went All in on These 2 Sports Betting Stocks
Earlier this week, I bought $40,000 worth of sports betting stocks Draftkings Inc. (Nasdaq: DKNG) and Penn National Gaming Inc. (Nasdaq: PENN), and there are three reasons why...
◾ These names have pulled back massively from their recent highs. Both stocks are down somewhere between 40% to 50% from their recent 52-week highs… Plus, everyone on Robinhood and their mothers bought them much higher than I did. So I feel like I got a steal! I feel like I bought these stocks on Groupon at these great prices...
◾ Sports are finally coming back. The WWE and UFC are starting to tour again after being stuck in Florida and Dubai, respectively. The NHL is allowing attendance at higher capacities. And after being stuck inside watching games with no crowds… people are going to be running to sports arenas around the country. They'll be excited to go out and watch — and bet — on games. It's going to be huge for both DraftKings and Penn.
◾ These stocks are the future. One of Ark's chief investment managers said DraftKings is already, and will continue to be, a leader in artificial intelligence. They're literally going to be reading bettors' minds before you know it. Penn has created an online community like no other for people to "watch" sports together and communicate as the game is going on. That's exactly why I am all in on these two sports betting names. Reply to this email and let me know which stocks I should buy next!
BIG Wins
On May 27, Blockbuster Breakout Calendar members were alerted to jump back into one of our favorite biotech stocks, BioCryst Pharmaceuticals Inc. (Nasdaq: BCRX). The company had two upcoming catalyst dates and saw significant bullish buying in June-dated calls. The stock jumped 8% on Tuesday ahead of the first catalyst date, resulting in a 62% pop for the options in just two trading days — bang!
- +62.16% on the first half of BCRX July 16 $14 CALL
- Entered on May 27 at $1.85 a contract.
- Exited on June 1 at $3.00 a contract
The Blitz tracker continues to rack up the wins. This time it spotted aggressive, bullish buying in the options chain for Dropbox Inc. (Nasdaq: DBX). On May 19, over 3,000 sweeps — where brokers split big orders into smaller parts to get better prices — were made on the June $28 calls. We notified members to move into these calls with the stock around $26.30.
Shares shot above $28.50 on Wednesday with news that Elliot Management bought a big stake in the company. This news strapped a rocket on our calls for a 112% gain from our entry. Another awesome trade!
- +112.12% on the second half of DBX June 18 $28 CALL
- Entered on May 19 at $0.66 a contract.
- Exited on June 2 at $1.14 a contract
On May 11, Johnson Controls International PLC (NYSE: JCI) options saw repeat bull risk reversal trades. For the uninitiated, this is a combination of a short put and a long call position. With a strong daily chart in a sector with bullish positioning in JCI, we jumped on this opportunity. On Tuesday, the stock hit $68 per share for a nice two-plus percent rally and a healthy 70% profit from our entry!
- +73.07% on the second half of JCI July 16 $67.50 CALL
- Entered on May 11 at $1.30 a contract.
- Exited on June 1 at $2.25 a contract
If you have a big score you'd like to share with your fellow Future of Wealth readers, email us your screenshots of the trade and/or any details you want to share at wptestimonial@gmail.com, and we'll celebrate them here!
This Has to Be the Easiest Trade on Earth
What if everyday traders never had to stare at a stock chart again? They could just place a simple trade on Tuesday morning… walk away…
That means instead of refreshing news headlines over the weekend or stressing about how the markets will open on Monday…
They're off to a quick three-day vacation to the beach, a national park or maybe just relaxing!
Signing Off
If you're looking for more compelling trade ideas and stock market musings to read and help you prepare for what lies ahead, here's what other experts at WealthPress are saying:
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