Trade Alert: Stopped Out of United Rentals

This morning, shares in United Rentals dipped lower, triggering our stop to secure a 10% gain on the second half of this trade.

As you might recall, we closed out the first half on Wednesday for a 51.72% gain.

Now, following our strategy to place a stop at a gain of 10%, we’re out of our whole position with an overall gain of 30.86% in just one month.

If your order hasn’t been filled yet, go ahead and close that position at the market since we’ll no longer be following this trade.

This adds to an impressive list of gains we’ve closed since the start of this earnings season less than two months ago. That includes half of our Activision Blizzard (Nasdaq: ATVI) April $45 call options, which we closed last week for an 89% gain.

We locked in gains of 70% and 59% on Juniper Networks, plus a gain of 53% on half of Mattel.

Every stock on the list of 76 companies we watch has reported earnings for this quarter. But don’t worry — the next few weeks will still be busy.

We have two trades that we have yet to enter based on their previous earnings report: one this week on Garmin and a new trade next week on Monster Beverage.

And we have companies that are set to report their next earnings results as early as March 21. Some may announce even sooner.

We’ll keep you updated on how that progresses.

And as always, we will keep a close eye on our portfolio and alert you when it’s time to take action.


Chad Shoop, CMT
Investment Analyst, Earnings Drift Alert