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Santa Claus Rally, Overnight Profits and 3 Stocks for New Year’s Week

by | Dec 23, 2021 | WealthPress University

Santa Claus is back, and so is the New Money Crew Weekend Watchlist as Wall Street rallies and indulges in some profit-taking!

The holiday weekend is almost here, so it’s a great time to look for the door and make an exit…

Not just from work, but from some of your positions, too.

After the early week omicron variant fears faded, the markets turned green and never looked back.

All is calm and bright, which means it’s a great time to take some money off the table… And that’s exactly what I’ve been doing.

This little Santa Claus rally has left us with another week full of fantastic, quick profits in the stockings for all the girls and boys in my Wiretap Alerts, Blockbuster Breakout Calendar, 3D Profit Surge Alerts, Weekly Blitz Alerts and Daily Profits War Room strategies!

So let’s break down some of these great moves and then see what’s on tap for New Year’s with this week’s New Money Crew Weekend Watchlist…

The Santa Claus Rally Delivers the Profits!

This week saw an absolute smorgasbord of gains across my strategies. And I just capped things off with a 28% return on small-cap biotech stock Xeris Biopharma Holdings Inc. (Nasdaq: XERS) as I was writing this! 

Longer-term gains are always fantastic, but nothing gets me as excited as a quick win… And this week didn’t disappoint!

First up, we had a nice win for 3D Profit Surge Alerts on online mattress seller Purple Innovation Inc. (Nasdaq: PRPL). Primary shareholder Coliseum Capital jumped at the chance to add 7.5 million shares during Monday’s bout of market volatility, increasing its overall ownership to 23.74% in the process.

The buy helped spark a 7.6% rally in the stock between our Tuesday entry and Wednesday afternoon, slingshotting our April 14, 2022, $12.5 strike calls for another 42% gain overnight — you have to love it!

Another great win for sure… 

But my pick for trade of the week goes to Weekly Blitz Alerts for our win in Norwegian Cruise Line Holdings (NYSE: NCLH). Travel stocks had a nice rebound as omicron outbreak troubles faded again, and Carnival Corp. (NYSE: CCL) won the bulls over with strong forward guidance in its Monday earnings report. 

One big swinger laid out around $461,000 of premium in the cheap Dec. 23, $21 strike call options.

I put out the alert to Blitz members to piggyback on the trade Monday… and when travel stocks caught a bid during Tuesday’s session, the 2.5% pop in the shares reeled in another 55.5% overnight return on the options! BANG!

Following institutional order flow has been extremely successful in 2021, and I don’t see that slowing down in 2022!

Explosive profits like these are why I spend so much time bringing attention to these big trades here at New Money Crew, with pieces like Blitz Daily and this Weekend Watchlist.

So let’s dive in and see what else Santa has in his bag of tricks…

New Money Crew Weekend Watchlist for Dec. 23

At the top of this week’s watchlist, we have Las Vegas Sands (NYSE: LVS). That’s right, it’s Vegas, baby! We’re seeing traders come after the casino stock here looking for a little reopening bounce. 

As we’ve seen all week, travel has been a hot ticket, and LVS is the latest name to attract bullish options attention. This has been one of my favorite stocks to trade during 2021. I’m anxious to see how shares move as more studies come out confirming that the omicron variant isn’t as deadly as previous strains.

Next up is our old friend DraftKings Inc. (Nasdaq: DKNG). The stock had a brutal quarter to close out 2021… And shares have taken close to 60% haircut from its 52-week highs — OUCH! 

I’m still a believer in the stock — after all, I have around $40,000 tied up in a structured note along with Penn National Gaming Inc. (Nasdaq: PENN).

DraftKings shares have bounced more than 10% from the previous week’s lows. The bulls are coming back for a little bottom fishing, dropping $107,000 on weekly options. We’ll look to see if this is the turnaround they’ve been waiting for.

And batting third, we have beaten-down social media stock Snap Inc. (NYSE: SNAP). 

After dropping more than 12% last week, Snap is just shy of erasing those losses in a few days. Thursday saw institutional buyers drop over $1 million in premium on the Jan. 21, 2022, $49 strike calls. If shares break above the $50 mark, look for the stock to make a run at its $53.91 50-day moving average.

Have a great Christmas!

 P.S. WealthPress Senior Strategist Roger Scott is going LIVE Tuesday, Dec. 28 at 1 p.m. EST to cover his top 3 predictions, his top sector, his No. 1 stock and his No. 1 stock to avoid for 2022!

Register for the FREE event here and get a FREE report!

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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