10 Stocks to Watch Like $TSLA
Monday was a rocky session where a lot of investors took profits and biotech penny stocks soared throughout the day. I’m going to include some of these penny stocks in future newsletters but I must warn you of the risks before trading penny stocks.
Be sure to read this article on How to Invest in Penny Stocks and trade with caution because these stocks move fast. I only put less than 5% of my overall portfolio in these volatile stocks.
Here are the stocks I’m watching today:
Tesla (TSLA) - Tesla received an import license from the Israeli government to operate and sell vehicles in the country. This is major news for Tesla as the company begins its expansion in the middle east and other parts of Europe. Great bullish news for Tesla bulls!
Nio (NIO) - I like buying NIO stock on dips. I’ll continue to mention them in this newsletter because I think it’s too cheap. Record deliveries with good management.
Jumia (JMIA) - Jumia stock is selling off hard and continues to crash even though I think e-commerce in Africa will be a major growth industry. I’m still long JMIA stock and will continue to add shares at this price point. JMIA market cap is just too small for Africa’s best e-commerce player.
Canoo (GOEV) - Jim Cramer mentioned Canoo on Mad Money yesterday calling the stock “too cheap”. Canoo offers an EV based subscription model that could change how consumers purchase vehicles in the future. At just $15, GOEV stock is worth a look.
Chargepoint (SBE) - SBE stock continues to fall as the merger approaches and I’m happy to pick up more shares at a lower price point. I think many traders took profits on SBE stock and there could be more panic selling in the future. I haven’t sold a single share and SBE will be my #1 focus this week.
Broadway Financial (BYFC) - The merger between Broadway Financial and CityFirst Banc was approved by regulators to create America’s largest black owned back. BYFC stock is up 22% premarket and I recommend BYFC a few weeks ago when it was around $1.70. I’m long BYFC stock.
Jaguar Health (JAGX) - Jaguar Health is a biotech company that produces drugs to treat diarrhea in HIV patients. JAGX stock was on my radar at around $1.10 and went over $2 in premarket trading. It could take a similar path to $BNGO so I’m closely looking for an entry point but won’t force a trade here.
Bionano Genomics (BNGO) - I mentioned BNGO stock in yesterday’s newsletter and the stock went from $5 permarket to over $7 at close yesterday for a total gain of 133%. BNGO stock is selling off big in premarket trading so I’ll be watching it closely again.
Corporate Universe (COUV) - I like this OTC EV stock play because the company just announced a merger with CarbonIo to produce fast charging EV batteries that could disrupt the entire industry. Management wants to move the ticker to the NASDAQ as well. It’s a speculative play but at only 50 cents I picked up a few thousands shares to see where this party ends up.
Genius Brands (GNUS) - GNUS stock is getting pretty cheap. After the massive runup due to the Shaq Interview, GNUS stock crashed all the way to $1.36. Now is a good time to build a position until the Superhero Kindergarten cartoon with Arnold Schwarzenegger launches this spring.
That’s it for today. Follow me on Twitter to get more real time updates from me throughout the day.
I’ll be available in our private discord chat if you have any questions to ask me.
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