10 Stocks to Watch for Cyber Monday
Hope you guys had a good extended weekend. Cyber Monday is projected to be the biggest online sales day ever and a lot of stocks should move heading into December.
Amazon (AMZN) - Cyber Monday is the biggest online shopping day of the year and that means good things for e-commerce websites like Amazon. Amazon could be headed to $4,000 before we know it.
Zoom (ZM) - Zoom is gapping up as the company will report earnings this afternoon after market close. I’m watching the stock closely since I have a long position as well as a few calls. Zoom has gapped up big on the last few earnings. (watch video)
Cannabis Stocks - Congress is set to vote on the MORE act to decriminalize marijuana this week and many Cannabis stocks are moving up. A whopping 68% of Americans are okay with legal Cannabis so hopefully the House will approve the bill. That puts stocks like Aurora Cannabis (ACB), Canopy Growth (CGC), Tilray (TLRY), and Green Thumbs (GTBIF) on my radar.
Ehang (EH) - The Chinese drone maker moved up since I posted my Ehang stock analysis video. Ehang reports earnings on December 3rd and could move up sharply if the reports looks good.
Draftkings (DKNG) - DraftKings signed a partnership with the Detriot Pistons as the 2020-21 NBA season approaches in a few weeks. DKNG stock broke out through $50 resistance and could head much higher once NBA season gets underday.
Tesla (TSLA) - Tesla is approaching $600 and could break out on the S&P 500 inclusion. There is a lot of upside left but don’t expect the massive returns on the past. I’m LONG Tesla plus playing the call options strategy.
Electrameccanica (SOLO) - SOLO sold off big after a negative news report from short seller Citron Research. Citron also attacked Nio, Tesla & Shopify in the past and all 3 stocks moved much higher weeks later. This looks like a nice dip buying opportunity. (watch video)
That’s it for today. Be sure to share this email with your friends and colleagues if you enjoy my content.
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