I’m revealing my No. 1 stock for the rest of June, LIVE at 1 p.m. ET on Friday — save your seat here!
June 6, 2024 update on Lance’s top picks of the year…
With Lance on vacation this week — but returning Friday! — it’s a great time to take a look at his top 5 stocks of 2024 to see how things are playing out at the year’s midway point. The original video is posted up top.
Lance will be live at 1 p.m. ET on Friday, June 7, with his top stock for the rest of June, so that makes this update even more timely.
So, how are Lance’s top stock picks doing year to date through Thursday afternoon on June 6?
In a word: great! Let’s take a look…
Abercrombie & Fitch (ANF): Abercrombie & Fitch has had a standout year so far, surprising many with robust earnings and strong same-store sales growth. Its strategic shift toward more inclusive sizing and digital engagement has paid off, with stock prices climbing steadily. The company is capitalizing on the back-to-school season and holiday sales to maintain its upward trajectory.
Year to date: up 103%.
Delta Airlines (DAL): Delta has been navigating a challenging landscape with rising fuel costs and staffing issues but has shown resilience. Q1 earnings beat expectations, driven by strong passenger demand. With the summer travel season ahead, Delta is poised to capitalize on increased travel capacity, keeping their outlook optimistic.
Year to date: up 27%.
Las Vegas Sands (LVS): Las Vegas Sands has had a mixed year, with recovery efforts in Macau playing a significant role. Despite the challenges in the Asian market, their performance in the U.S. has been solid, driven by a resurgence in tourism and conventions. With travel restrictions easing, LVS is positioned for growth, but keep an eye on Macau developments for potential volatility.
Year to date: down 11%.
TKO Group Holdings (TKO): TKO Group Holdings, formed from the merger of WWE and UFC, has been making waves. The stock has shown strong performance as investors are optimistic about the combined synergies and expanded audience reach. With the integration process underway, TKO is poised to capitalize on the global sports entertainment market, making it an exciting stock to watch for continued growth and innovation.
Year to date: up 35%.
Cumulative performance for the four stocks mentioned above: up 39%!
For the final stock, Lance went with something controversial and non-conventional…
He didn’t pick a single stock, but rather all China ADR stocks. And that’s been much more of a mixed bag, so it’s hard to nail down a YTD performance.
China ADRs have experienced a roller-coaster year, grappling with regulatory pressures and geopolitical tensions. However, recent signs of economic stabilization and policy support have brought some relief. Key players like Alibaba, JD.com, and Baidu have shown resilience, rebounding from earlier lows. With China’s market reforms and recovery efforts, these ADRs offer potential but remain sensitive to global and domestic developments.
So there you have it. Lance is pretty darn good at this!
Be sure to tune in at 1 p.m. ET on Friday for his top stock for the rest of June!
And now for some daily order flow…
GameStop (GME) is once again squeezing higher, up 40% at one point, and it took a big bounce today after the order below came in. We advise extreme caution here because this is nothing but casino stuff, and you can go broke fast in a casino…
Top Order Flow:
- GME Jun24 14th Strike: 58 Calls premium: $860,816 ASK BULLISH
Trade Date: June 6, 2024 Trade Time: 12:33 pm - NKE Jun24 Strike: 98 Calls premium: $387,935 ABOVE ASK BULLISH
Trade Date: June 6, 2024 Trade Time: 12:38 pm - NVDA Jul24 5th Strike: 1100 Puts premium: $658,530 ABOVE ASK BEARISH
Trade Date: June 6, 2024 Trade Time: 11:57 am - SNOW Dec24 Strike: 145 Calls premium: $875,875 ASK BULLISH
Trade Date: June 6, 2024 Trade Time: 9:44 am
The Original Post
Ladies and gentlemen… 2024 IS HERE!
And so are my top 5 stocks for the new year.
I know you’re probably sitting around and watching football, recovering from last night’s shenanigans, so I’ll keep this short and sweet…
We have a retailer, an airliner, a casino name, a combat sports company and… believe it or not, a stock(s) I said I’d never trade again. But hey, I’m allowed to change my mind!
So check out the video up top and I’ll break down my five favorite stocks for the new year!
P.S. Join Me LIVE and Trade the Open Tuesday to Kick Off 2024!
The market opens at 9:30 a.m. ET on Tuesday to kick off the new year!
And as you know, opportunity waits for no one! With everyone coming back after the long weekend, I expect to see some heavy option flow hitting the News Flow Scanner…
And I want you to join me for some LIVE TRADING…
