At the time, WKHS traded at just $17, as we noted, “While the stock exploded from a low of $8 to $14.51 in the last few days, we believe there’s much further upside remaining. For one, analysts at Cowen said it deserves a bigger valuation increasing its price target from $4.50 to $11.50. Two, the company just announced its EV delivery vans passed government safety tests. And three, it could soon produce its vans for Ryder and UPS.”
As of this morning, WKHS is set to open at $21.25 for a great win in just days.
If you bought in, we’d love to hear how you did with this trade. As for new opportunities, check out Teladoc Health (TDOC) again, as the virus leads to higher demand for telehealth.
Remember, global cases are still rocketing higher.
Dr. Anthony Fauci just said the U.S. is “going in the wrong direction” and “would not be surprised if we go up to 100,000 a day if this does not turn around.”
On top of that, some states are just now rolling back reopening.
“The surge of cases in California and the upcoming Fourth of July holiday weekend will force a rollback in the state’s phased reopening plans and stricter enforcement of health orders such as wearing masks, Governor Gavin Newsom said,” as quoted by CBS.