Grab Holdings Gains Attention Across X This Weekend
While the market is closed on Monday, many traders on X are buzzing about a potential hot stock: Grab Holdings, Ltd. (GRAB).
The discussions range from playful memes to in-depth analyses of Grab’s business model.
Some traders also highlight Grab’s technical similarities to other recent stock successes.
Readers familiar with our previous report, “Valentine’s Day Exits,” may remember our notable trade exit involving Robinhood Markets, Inc. (HOOD):
- Calls on Robinhood Markets (HOOD). Bought for $2.30 on 10/31/2024; sold (half) for $33.50 on 2/13/2025. Profit: 1,443%.
Earlier, we provided insights about Grab Holdings to our subscribers.
Posted on The Portfolio Armor Substack on 12/31/2024
Trading Insights: End of Year Favorites
Exploring Options on Southeast Asian Growth Stocks
Why We Favor the Top Performers
Since launching our Substack, we’ve tracked 78 cohorts of top ten names. On average, these picks returned 18.96% over the following six months, compared to 12.72% for the SPDR S&P 500 Trust ETF (SPY).
[Edit: Now encompassing 85 cohorts, we’ve seen returns of 19.43% versus 12.47% for SPY.]
The top names from June 20th showed an average increase of 37.46% in the same time frame, compared to 8.75% for SPY. Earlier trades we made would have yielded returns exceeding 200% for the top five stocks.
Final Trade Picks for 2024
Our last major trade for 2024 involves a company ranked fourth in our Monday night’s top ten list. Grab facilitates local delivery services similar to Uber‘s (UBER) Uber Eats and DoorDash (DASH) across Southeast Asia.
This stock outperformed expectations both in terms of revenue and profit during its recent earnings announcement, yet it has retraced to its pre-earnings trading level. The technical analysis rates it a 7 out of 10, with an overall rating of 8 out of 10.
Details are as follows.
Trading Strategy for Grab Holdings
The stock in question is Grab Holdings, Ltd. (GRAB), and we plan to buy $5.50 strike calls expiring on July 18th for $0.55. The potential maximum gain is unlimited, with a maximum loss limited to $330, leading to a break-even point at $6.05. My trade filled at $0.52.
Planned Exit Strategy
I will place a Good Till Canceled (GTC) order to exit half of these calls at $1.65, aiming to sell all by expiration.
Upcoming Earnings Report for Grab
Looking ahead, Grab Holdings is scheduled to announce its earnings before market opening on Friday. Traders may choose to wait for this report before committing to a position, which could save costs if the earning results disappoint. However, purchasing quickly might be more beneficial should the earnings exceed expectations.
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