My Plan for SoFi Today; Peace in the Works
Before getting to the $10K Portfolio, let me remind readers of the big news that broke on Sunday: U.S. Pres. Donald Trump revealed that a deal with Iran “is now complete.”
Mine removal will take some time, but Iranian restrictions on maritime transit through the Strait of Hormuz and the U.S. naval blockade will come to a simultaneous halt, said Trump. For at least 60 days, both Iran and the U.S. Navy are expected to allow toll-free, un-harassed passage through the Strait, as well as access to Iranian ports for the purpose of commerce.
Iran seems to be on board, and Pakistani Prime Minister Shehbaz Sharif, who had acted as a lead mediator throughout the negotiations, confirmed a deal’s been reached. Both sides have also declared the immediate and permanent termination of military operations on all fronts, including Lebanon.
Details, however, have been tough to come by. But points made public have some consistencies and a signing ceremony by all parties is expected for this Friday in Switzerland. The deal is said to include both Israel and Hezbollah who had been actively warring as recently as Sunday morning.
Also, Iran is expected to reaffirm its commitment to not procure or develop nuclear weapons, under the supervision of the International Atomic Energy Agency, but further negotiations will be required to sort out the technicalities of how Iran’s stockpile of enriched uranium will either be disposed of or down-blended. Some sanctions relief for Iran are also expected.
Financial markets appear to be responding with exuberance. Asian and European equities rallied sharply on Monday morning. WTI and Brent Crude are both trading at rough 5% discounts to Friday’s closing prices. Crude is trading with an $80 handle (-5.5%) while Brent Crude is trading with an $82 handle (-5.2%). U.S. Treasury debt securities are rallying across the yield curve as well as the re-opening of maritime transit through that region of the world can be expected to bring significant relief to those suffering from upward inflationary pressures. U.S. equity index futures are trading higher as well.
Other Recent Portfolio News
– Amazon’s Anthropic Concerns: Reuters is reporting that according to a person familiar with the matter, on Sunday, Amazon ($AMZN) CEO Andy Jassy raised concerns this week to Trump administration officials about potential security risks in Anthropic’s advanced AI models.
– Ocular Therapeutix: On Monday morning, analyst Biren Amin of Piper Sandler reiterated a “Buy” rating on OCUL ($OCUL) as well as his $31 target price. Amin is rated at four stars out of five by TipRanks. Over the past two years, Post has had a 42% success rate with an average return of 6.4%.
– Rocket Lab Rating: On Monday morning, analyst Michael LeShock of KeyBanc upgraded RKLB ($RKLB) to a “Buy” rating from a “Hold.” while implementing a $135 target price. LeShock is rated at five stars out of five by TipRanks. Over the past two years, Post has had a 67% success rate with an average return of 82.3%.
Just a reminder, on Friday morning, we learned that portfolio holding Rocket Lab would be moving into the Nasdaq 100 along with CoreWeave ($CRWV) and three other names on Monday, June 22.
– Snap and Socials in U.K.: On Monday morning, The U.K. government announced that social media platforms will be blocked from offering services to children under 16 years old. A government statement read, “The government plans to use the same model for a social media ban as Australia. This would capture user-to-user platforms, whose purpose is to enable social interaction, and which allow users to post material, alongside algorithms. The ban will therefore include platforms like Snapchat ($SNAP), TikTok, YouTube, Instagram, Facebook and X.”
Friday’s Intention Vs. Friday’s Actual Trade
– Sell 10 shares of VELO ($VELO) at $30 or better.
– Nothing done
Monday’s Intentions
– Sell 15 shares of SOFI ($SOFI) at $17 or better.
Current Positions
Long 100 shares of ALTO at $5.79. Target Price: $9. Last sale: $5.82.
Long 3 shares of AMZN at $258.0567. Target Price: $324. Last sale: $244.08.
Long 60 shares of EVLV at $5.9895. Target Price: $8.50. Last sale: $6.18.
Long 200 shares of OCUL at $8.271. Target Price: $11. Last sale: $9.04.
Short one OCUL $11 Sept. 18 call at $1.65, Last sale: $1.35.
Short one OCUL $9 July 17 call at $0.90. Last sale: $1.36.
Long 150 shares of ONDS at $9.7624. Target Price: $14. Last sale: $9.73.
Long 15 shares of PL at $34.32. Target Price $55. Last sale: $31.91.
Long 10 shares of PLTR at $137.906. Target Price: $194. Last sale: $130.02.
Long 8 shares of RKLB at $77.9288. Target Price: $185. Last sale: $106.74.
Long 150 shares of SIDU at $3.0909. Target Price: $6. Last sale: $3.84.
Long 100 shares of SNAP at $5.625. Target Price: $7.50. Last sale: $5.36.
Short one SNAP Oct. 16 $6 call at $0.87. Last sale: $0.60.
Long 150 shares of SOFI at $15.9035. Target Price: $24. Last sale: $17.08.
Short one SOFI Aug. 21 $20 call at $1.02. Last sale: $0.85.
Long 35 shares of VELO at $12.3231. Target Price: $36. Last sale: $26.57.
Cash: $194.07.
Portfolio Value: $11,963.75, +19.6% from inception on March 24.
At the time of publication, Guilfoyle was long ALTO, AMZN, EVLV, OCUL, ONDS, PLTR, PL, RKLB, SIDU, SNAP, SOFI; Short OCUL, SOFI, SNAP, VELO
