10 Stocks to Watch Like $TSLA
Thursday was one of the biggest days in the market I’ve seen in a while. Almost every stock was green and the NASDAQ finished almost 3% higher. It looks like a lot of stimulus money has reached the markets and investors are betting on a sharp recovery in the upcoming Biden presidential era.
Here are the stocks I’m watching today:
Tesla (TSlA) - Elon Musk became the richest guy in the world and Tesla stock continues to go higher. I read an interesting article on Business Insider preaching TSLA bulls to “never sell a single share” because Elon Musk may become the world’s first trillionaire. I also start putting half of my emergency fund into Tesla stock (the other half into Microstrategy stock).
Microstrategy (MSTR) - Michael Saylor made a bold move when he borrowed $650 million to buy bitcoin but the move has paid off. I also placed half my cash reserves into MSTR stock. Tesla + Microstrategy gives me exposure to bitcoin and Tesla stock so I don’t have to earn low interest rates on my cash. It looks like a decent strategy as long as Bitcoin doesn’t crash.
Bitcoin Miners - Marathon Group (MARA) and Riot Blockchain (RIOT) are gapping up and my only regret is not buying enough MARA shares at $8. Either way, bitcoin miners will make a ton of money in 2021 if bitcoin prices hold up.
Solar Energy Stocks - Solar energy stocks should continue a multi-year move so I’m looking at SolarEdge (SEDG), Sunpower (SPWR), Sunrun (RUN), and NextEra Energy (NEE). Combating climate change will become a major part of Biden’s presidency so this sector should move higher.
Chargepoint (SBE) - Everyday, I’m watching SBE as we get closer to the merger. My guy feeling tells me SBE stock will race higher after the merger but nobody is certain. Hopefully, Chargepoint will catch on the big renewable energy bull market and move to $60 after the merger on January 27th.
Roku (ROKU) - Roku broke the 50 million active account milestone and the stock is on an absolute tear. My biggest regret is selling ROKU stock back in July to lock in profits. Now, I’m adding more for a long term hold. In 2021, I will adopt a more “buy and hold” approach than attempt to time the markets.
Draftkings (DKNG) - The New York governor authorized mobile sports betting in New York, which boosted DKNG stock in a huge way. New York is a major market for online sports betting and it looks like 2021 could be a bounce back year for gambling stocks.
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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