10 Stocks to Watch Like $NIO
Today should be another interesting day in the markets as FAANG stocks look undervalued while EV stocks continue to sell off. Positive vaccine news from the UK means this could be the beginning of the end for the COVID-19 pandemic.
Pfizer (PFE) - The UK became the 1st country to approve Pfizer’s COVID-19 vaccine and it could be administered as early as Friday. Pfizer stock is up premarket as I write this.
Chinese EV Stocks - The House is scheduled to vote on Wednesday evening on “The Holding Foreign Companies Accountable Act,” which bars securities of foreign companies from being listed on any U.S. exchange if it has failed to comply with the U.S. Public Accounting Oversight Board’s audits for three years in a row. This could mean stocks like Nio (NIO), Li Auto (LI), and Xpeng (XPEV) get sold off massively due to delisting worries. I’m looking to buy put options on these Chinese stocks.
Cannabis Stocks - The House also votes on the MORE act this week to legalize marijuana on the federal level. Same story for stocks like Aurora Cannabis (ACB), Canopy Growth (CGC), Tilray (TLRY), and Green Thumb (GTBIF).
Arcimoto (FUV) - Elon Musk reportedly test drove an Arcimoto FUV and crashed it into a brick wall. FUV stock sold off sharply along with the entire EV sector (except Tesla). 3 Wheeled vehicles will be a big part of transportation in the future. I’m looking to enter a position near $8 support levels. (watch video)
Salesforce (CRM) - Salesforce bought Slack for $27 billion in a major takeover. I don’t think the work from home trend is going anywhere. Salesforce looks like a major competitor to big software firms like Microsoft now.
That’s it for today. Vaccine news means 2021 will be much safer so now is the time to get some cheap stocks before the year ends.
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