10 Stocks to Watch Like $WKHS
Yesterday was an epic selloff as investors shifted from stocks to bonds because of the rising yields. It looks like some people got scared out of their stocks because many stocks lost 10% or more of its value yesterday.
Workhorse (WKHS) and Lucid Air (CCIV) were two of the biggest losers while AMC Theatres (AMC) soared on the recent opening of NYC theatres.
I saw yesterday’s crash as a buying opportunity and picked up shares of my favorite stocks like UBER, SBE, and SOLO. Even Tesla (TSLA) was too cheap.
Here are the stocks I’m watching today:
Workhorse (WKHS) - Workhorse lost out on the lucrative USPS contract to Oshkosh (OSK) and sent shares down over 50%. All the speculators dumped their shares, leaving just long term investors. I love the EV delivery drone technology and believe Workhorse is simply too cheap right now. It’s very attractive at this price level.
Bitcoin Stocks - Bitcoin sold off but has quickly rebounded to $50,000. That means MicroStrategy (MSTR), Riot Blockchain (RIOT), Marathon Patent Group (MARA), and Canaan (CAN) should bounce back nicely from their weekly lows. Bitcoin is still going to $100,000 and I’ve been buying Bitcoin on Coinbase every day. I’m LONG Bitcoin and the Bitcoin miners.
AMC Theatres (AMC) - NYC allowed AMC to open its theatres and AMC stock responded with a 17% gain yesterday. I still like Netflix (NFLX) as a long term hold but AMC is a wonderful swing trade play. I’ll continue to hold until spring or summer time then sell right when everyone is chasing the stock.
Tesla (TSLA) - It hasn’t been a great week for Tesla. Tesla has recently slashed its prices plus dealt with more competition from the likes of Lucid Motors (CCIV). At one point yesterday, Tesla stock traded at almost $600. The good news is that Tesla is an integrated energy company instead of just an EV maker. Tesla is a good buy and hold at these price levels.
Canoo (GOEV) - Has everyone forgotten about Canoo? They are going to produce the perfect EVs for relaxing during the self-driving boom. I’m buying up the stock and will hold until production ramps up. GOEV is just too cheap right now and has been trading near pre-SPAC levels.
Chargepoint (SBE) - I bought a lot of SBE stock on the dip yesterday. The merger date is February 26th and Chargepoint should trade as CHPT on March 1st. The long wait is almost over. I like the SBE price right now.
Simon Property Group (SPG) - If you’re looking for a nice growth stock with a decent dividend then I like SPG stock. Malls will rebound eventually although Amazon (AMZN) has put thousands of retailers out of business. SPG pays a nice dividend, too. You could do worse here.