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In a market characterized by strong rallies, yesterday’s stands out.
The major indexes jumped at the open and gave nothing back into the close.
My prediction that the “bulls will keep carrying this higher” bore out as the Dow and S&P 500 hit all-time highs.
I don’t think this train has any brakes unless the CPI starts trending the wrong way or unemployment starts really ticking up.
I’ve been especially focused on small stocks this week, and I’ve been knocking these “tactical trades” out of the park like it’s a home run derby…
Monday’s idea rocketed 70% 🚀…
Tuesday’s hiked 40% that day, then climbed well over 200% in the pre-market yesterday before closing up 47% for the day…
Wednesday’s topped 30%, and yesterday’s moved a respectable 12%…
Why stop now?
Today’s “tactical trading” idea is Pineapple Financial Inc (PAPL), so pull up its chart and get it on your radar immediately.
You’ll see that the stock had a nice 90+% runup in two weeks in July and that it enjoyed a 20% breakout last month:
Right now, two “GO” signals have fired, and as of this writing, it’s up in the pre-market, suggesting that the trend has a good chance of continuing today.
The levels I will be watching are around $.75 on the downside. If that breaks, then I think the trend reversal probably isn’t ready to happen yet.
If things go my way, then we will see a sustained move back to around $1.00, which is likely to be a resistance level, at least initially.
With the hourly “GO” signal triggered yesterday, you need to watch PAPL very closely today. This may be the start of a strong new uptrend.
This bounce seems to be a response to big news that the company dropped Wednesday which I’ll get into shortly…
But first, a bit about the company.
Pineapple Financial describes itself as “a leading digital mortgage firm with an integrated network of partner brokerages and agents across Canada.”
Living in the South, as I am now, you quickly learn that the pineapple is a symbol of hospitality…
You find them on door knockers, wall art, and even furniture.
So it’s no surprise that a company focused on real estate would be named after the tropical fruit.
PAPL has carried that symbolism to the Great White North, where it has made a name for itself in Canadian real estate.
The company IPO’d in November 2023 at a difficult time for the Canadian housing market.
It was difficult because the Bank of Canada largely followed the Fed’s trajectory, lifting its “policy interest rate” off its 0.25% floor in early 2022 and steadily increasing it to a 20-year high of 5.0% in July 2023.
The rate stayed at that high-water mark through June this year, when it beat the Fed to the punch by cutting the rate a quarter point, followed by an additional cut in July and another one earlier this month. The rate now sits at 4.25%.
The BoC acted months earlier than the Fed in response to weak economic growth, and especially due to weak demand in the housing market.
In anticipation of the BoC’s rate cuts, PAPL’s financials really began taking off.
In April, it announced that revenue in its second fiscal quarter ending February 29 was up 59% YoY…
And in July, it revealed that revenue in its third fiscal quarter ending May 31 was up 20% YoY…
Two weeks ago, PAPL put out a press release projecting an “increase of 18-22% year-over-year revenue growth” thanks to BoC’s easing cycle.
The company explained that, “[s]hould additional rate cuts occur, the affordability of mortgages will improve, likely leading to even greater demand for refinancing and new mortgages. Pineapple is prepared to adapt to these market conditions, positioning itself as a key player in the Canadian mortgage market.”
And PAPL was already on a growth path. Last year, Canada’s Globe and Mail ranked it 27th out of 425 companies on the Report on Business 2023 Ranking of Canada’s Top Growing Companies.
As of this April, it reported three-year revenue growth of 1,452%.
PAPL has an interesting business model…
The company offers a “a cloud-based enterprise management platform that provides mortgage agents with the systems, tools, education and technology required to provide their borrowers with a seamless digital mortgage experience with one of their many mortgage lenders.”
It aims to be “the only platform needed for mortgage agents and borrowers to connect on,” providing everything from agent training to underwriting to a full suite of technology to make the homebuying process as streamlined as possible.
The company says that mortgage agents can increase their closed deals by 300% with use of its platform thanks to its targeting marketing, data analytics, and its automated, digital-document workflow.
As of April, PAPL had 657 registered agents, a third of whom it had picked up in 2023–2024.
The big news out on Wednesday was that the company will begin cross-selling insurance products — including life, creditor, and disability insurance.
It said that “Pineapple Insurance is expected to become a cornerstone of the company’s future revenue streams” and that it was “set to significantly enhance overall revenue.”
In May, the firm EF Hutton issued a “BUY” rating on PAPL, with a target price of $5.50 — a 330% projected jump from its price at the time, and a 580% jump from its closing price yesterday.
Spend time right now doing your own research on the stock, and of course, always approach your trading in a responsible manner. Trading is very risky, and nothing is ever guaranteed, so never trade with more than you can afford to lose. Please read the full disclaimer at the bottom of this email as well so you are aware of additional risks and considerations. Always have a well-thought-out game plan that takes your personal risk tolerance into consideration.
Bottom line: PAPL is positioned to capture significant market share as the BoC’s easing cycle continues, and it was already quickly growing prior to that…
The stock had a 20% pop after the last “gamma trigger,” and two “GO” signals are hinting at another runup. Keep PAPL at the top of your radar today to see if I go 5/5 for the week.
To Your Success,
Jeff Bishop
P.S. Make sure you join me and over 1000 traders in the Market Master’s trading room today for live trading signals and education. You can access it at no cost right now.
*Just so you know, what you’re reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let’s be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren’t what you’d call “typical.”
Just a quick heads up about this ad you’re reading—as we’ve said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above, we received fifteen thousand dollars (cash) from Shore Thing Media for advertising Pineapple Financial Inc for a one day marketing program on September 20, 2024. This was paid by someone else not connected to Pineapple Financial Inc. It might be obvious, but whoever paid for this might own shares and is likely looking to sell some or all of them at any time after we send out this information, which might affect the stock price. We may also buy or sell shares in the company at some point in the future, although neither RagingBull nor its owners own any shares of the company at this time. Also, keep in mind that due to the sheer size of our audience, if even a small percentage of people decide they want to buy this stock, it could potentially boost interest enough to hike up those share prices and cause a temporary spike, and the opposite is possible as our program ends, though that is not always the case.
Now, diving right into Pineapple Financial Inc might sound exciting. But remember, it’s like venturing into the wilderness—be aware that there’s exceptional risk involved in trading. This isn’t small potatoes we’re talking about; you could lose every dime you put in, so always carefully think about what you’re doing. That’s why they call this trading, after all. We’re shining a light on the good stuff about the company here, but it’s on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional 1nvestment advis0r.
Oh, that brings us to another crucial point—we’re not here to tell you (or even recommend) what you should do with your hard-earned money. We’re simply sharing our non-expert thoughts by highlighting some companies we like that could use some help telling their story to more people. We’re obviously biased in our writing. We’re not here to dig into anything that may be negative about the company; this is advertising, after all! Also, keep in mind that if we make some predictions about the future, these are technically known as “forward-L00king statements” under the securities acts, so take those with a grain of salt. As with all forecasts, they’re not set in stone, often wrong, and we certainly can’t know where the Company’s earnings, business, or share price will be tomorrow or a year from now.
Everything you read from us is all for your education, information, and possible entertainment. While we believe the info is reliable and accurate, we can’t wear a cape and guarantee it. Before you jump into anything, make sure to talk it over with a pro—someone you trust who’s licensed to give you real advice. To be clear,
Neither Raging Bull nor its owners, employees, or independent contractors are registered as a secur1.ties br0ker-deale.r, br0ker, 1nvest.ment advis0r (IA), or IA rep’s with the SEC, any state securities regulat0ry auth.ority, or any self-regulat0ry organization.
So, that’s the scoop! If you’re intrigued and want to learn more about the companies we talk about, hit up the SEC’s website to dig into their filings and see the full picture.