An Airbag For Avis Longs

By -

Better to have an airbag and not need it than to need one and not have it.

Avis Pops On Bullish Bank of America Rating

Shares of Avis Budget Group, Inc. (CAR) jumped nearly 10% to a new high on Thursday in the wake of Bank of America’s buy rating on the stock. BofA analyst John Murphy gave Avis a price target of $125 per share. 

A Top Name For Our System Too

Avis was one of our top ten names on Thursday as well, alongside a few others we’ve written about recently: the ProShares Ultra Bloomberg Natural Gas ETF (BOIL), the COVID vaccine maker Moderna, Inc. (MRNA), and the meme stock AMC Entertainment Holdings, Inc. (AMC). 

Screen capture via Portfolio Armor on 9/16/2021. 

In Case We (and BofA) Are Wrong About Avis

In the event we’re wrong about Avis, this video shows a couple of ways you can limit your downside risk in the stock, using our iPhone app, while still capturing the upside if it hits BofA’s $125 price target. 

A housekeeping note we make in that video is that we’re raising the price of our app and our website next week. Those who have downloaded the app or subscribed to the site before then will be grandfathered and retain the current pricing.