Trade Findings and Adjustments 08-10-21

Trade Findings and Adjustments 08-10-21

Keve Bybee – keve@hurleyinvestments.com

UAA –

•  https://finance.yahoo.com/news/under-armour-posts-huge-fcf-172946762.html
• Free Cash Flow has been increasing and could put UAA up to the ~$40/share range
• Short term I’m worried there might be some profit taking that we’ll need to protect
• Long term continues to look great

DIS –

• Booked a small profit on 185 puts and rolled down protection to 177.50.
• All set for earnings Thursday
• Positive expectations on earnings

BIDU –

• Kathy Wood that runs ARK ETF’s had invested heavily in Chinese tech stocks at the beginning of the year and recently sold a bunch of shares
• She thinks that the CCP/govt regulations are disincentivizing to the large tech firms.
• All these Chinse tech companies (most importantly BIDU) are extremely undervalued.
• BIDU can do just fine with what they do domestically.