The recent market rally has brought a sense of optimism, and it seems the bull market is back, at least for now. After successfully executing a bullish trade on Travelzoo (TZOO) earlier this month, I’m eager to capitalize on this resurgence with a few more promising trades.
While the market is trending upwards, finding stocks to bet on can be challenging. Instead of focusing on short positions, I’m looking for undervalued names with strong fundamentals and technical indicators, using Portfolio Armor’s strategy. Here are four bullish bets worth considering:
1.
A Top Portfolio Armor Name:
This stock boasts a 7 out of 10 overall valuation rating and a Piotroski F-Score of 8 out of 9 according to Chartmill data. These high ratings are uncommon among Portfolio Armor’s top names, suggesting strong potential. I’m buying the underlying shares, adhering to our core strategy of equal dollar amounts, trailing stops of 10% to 20%, and replacement with current Portfolio names when stopped out. This high valuation rating increases our chances of surviving any future market scare.2.
Another Portfolio Armor Top Name:
This one is on a roll! It boasts a perfect 10 out of 10 technical rating and a 7 out of 10 set-up rating, indicating a favorable entry point. Instead of holding it through its next earnings release, I’m placing a shorter-term trade, betting on its continued upward trajectory over the next month. Given its strong valuation, I feel confident with this strategy.3.
A ‘666’ Alert Pick:
This stock caught my attention with an overall technical rating of 8, a setup rating of 6, and a valuation rating of 7. It recently beat earnings estimates, making it even more appealing. I’m placing an options trade on this stock, extending it past next quarter’s earnings release.4.
A Familiar Screen Winner:
This stock came up on the same screen that identified PDD Holdings, Inc. (PDD) last month, which has yielded over 200% gains. Details about this specific trade are available in the article link provided below.If you’re concerned about the next market downturn, Portfolio Armor offers a free, downloadable app designed for optimal hedging.
Bullish Trade #1:
This trade involves buying Celestica, Inc. (CLS) at or below $54.50 per share and setting a trailing stop of 15% to 20%. This trade has already been filled at $54.50.Learn about the other three bullish trades by clicking the link below.
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