Market Moves by GBC

Market Moves by GBC

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Market Moves by GBC
Market Moves by GBC
๐Ÿ’ผ Inside the Portfolio: Updates from our Swing Trading Desk
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๐Ÿ’ผ Inside the Portfolio: Updates from our Swing Trading Desk

17 Sept 2024 - Insights, adjustments, and forecasts about our latest swing trades ๐Ÿ’น

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Golden Bear Capital
Sep 17, 2024
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Market Moves by GBC
Market Moves by GBC
๐Ÿ’ผ Inside the Portfolio: Updates from our Swing Trading Desk
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As we stand on the brink of a pivotal moment in financial markets, tomorrow's Federal Reserve decision looms large, with potential rate cuts on the horizon for the first time in four years. This anticipated move could have significant implications for investors, including those of us closely monitoring our portfolios.

Here below our 4 positions we opened in the last week, the last one today.
We want to provide this kind of service every time we will open a new position, on daily basis, only for paid subscribers.

1. H&R Block Inc. (HRB)

H&R Block is a leading tax preparation service provider, offering in-person and digital tax solutions to individuals and small businesses.

Technical Analysis and Investment Rationale:

H&R Block (NYSE: HRB) has emerged as a compelling opportunity in our portfolio. Following a strong earnings report in August and a "Strong Buy" rating from Zacks, we identified a favorable risk-reward setup.

Our analysis revealed a falling wedge pattern, a bullish consolidation indicator. We executed our entry on September 13 as HRB broke out of this formation, implementing a disciplined risk management strategy with a stop-loss at the day's low.

The position's rapid move to profitability allowed us to adjust to a breakeven stop, effectively eliminating downside risk while maintaining upside potential. This tactical approach aligns with our fund's commitment to capital preservation and alpha generation.

Given HRB's strong fundamentals and the approaching tax season catalyst, we anticipate continued outperformance in the financial services sector. We will closely monitor this position for potential allocation adjustments as the market evolves.

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