Good Thursday Morning, We’re back for stock talk #2… I’m going to try to make these every weekday, but this past week I have been busy with my part-time job, where I am actually working 40 hours a week and recruiting for investment banking. On a positive note, I have an interview with an investment bank next Friday!
Anyways, GRUBHUB HELLO, I guess I can say I’m 1/1 on these stock talks. Last Friday, I said I’m long Grubhub because of a potential merger and last night that happened! Just Eat Takeaway merged with them for $7.3 B. $GRUB shares are up about 6% today. At the time of my post last Friday, I think Grub was trading at about $57 a share. If you want to take your winnings now feel free, but I’m going to continue to hold. The Grubhub CEO was on CNBC this morning… and I like that guy’s attitude.
Today’s play is $AMC. I read they want to have 90% of their theaters reopened come mid-July. I bought a couple calls upon reading this. This story has a similar vibe to the planes and cruises narrative. “People fly in this country” – Dave Portnoy said upon buying the airlines. I think people will go back to the theaters as well.
Other plays $VRM IPO’d and I got in and out quickly making profit. I impressively traded the top tick on this one.
Same with $NKLA.. a super cool auto company.
Finally $CIDM is interesting and volatile.
