Guess Which Stock Skyrocketed by 42.84% YTD, Outpacing the Market and Its Peers?

Since the beginning of this year, this stock has skyrocketed by 42.84%, outpacing both the market and its peers. Many investors have cleverly utilized options strategies to rake in substantial profits, achieving a staggering $25,744 in returns!

But will this upward momentum continue?

Curious about which stock this is? Let's find out!

Congratulations to @Michane for a single trade profit of $1,200 trading $Sea Ltd(SE)$. 👏

Congratulations to @Sms for achieving an impressive profit margin of 38.10% through trading $SE! 👏

And a big shoutout to JOKER, who pocketed $25,744 by buying SE calls, believing firmly that 'Sea is definitely on track to hit the price target of $65-67 for short-term trading.'👏👏👏

Sea Limited's stock surged by 13% following the release of its Q4 2023 earnings, prompting analysts to revise their revenue and profit expectations.

But can $Sea Ltd(SE)$ sustain its uptrend?

• Some perspectives suggest that Sea's stock price could potentially double within the next 18 months, as key debates surrounding the stock have been misunderstood. With TikTok essentially exiting the market, one of its major competitors has also vanished.

• Consequently, Sea has shifted its strategy from focusing on profitability to investing in growth, a move that the market doesn't seem to favor at the moment. However, in the long run, this appears to be the right strategy. Recent earnings events indicate that Sea Limited has reached a turning point in its growth recovery.

• Comparing it to international counterparts like PDD Holdings, and Amazon, Sea Limited emerges as the cheapest stock based on the enterprise value-to-sales ratio for the next 12 months. With the threat from TikTok competition dissipating over the past two years, there are compelling reasons to believe that this valuation gap will narrow.

What are your thoughts? Do you think SEA still has room to climb?

🎁Rewards：

• Feel free to share your $Sea Ltd(SE)$ positions in the comment section for a chance to win Tiger Coins!

• If you've achieved profits from other potential stocks we don’t know, kindly share your trading strategies in your post, and remember to include the topic "Winning Trades". Hope you'll be the next one to make it onto the leaderboard~

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