5 Stocks to Watch Like $AAPL
We’ve got a lot of interesting news today especially since the House passed the bill to increase stimulus checks to $2,000 per adult. A huge influx of cash will surely send the stock market higher in Q1 2021 and provide much needed support to American families in need. Right now, big tech and dividend paying stocks are gaining while investors take profits on a lot of high growth stocks and SPAC plays.
Here are the stocks I’m watching today:
Apple (AAPL) - The iPhone 12 cycle should boost Apple’s bottom line and they recently announced a potential Apple Car to be released by 2024. Apple is a stock you buy and hold so I’m recommending the safety of big tech plus a nice dividend to add additional shares without the need for capital reinvestment.
Jumia (JMIA) - The “Amazon of Africa” has sold off recently but that doesn’t mean I don’t like the stock anymore. Africa has a long way to catch up to the rest of the world in terms of e-commerce and Jumia is currently the market leader ahead of Amazon and Apple. Whenever a smaller company beats out big tech, I think it’s important to take notice and buy while the stock is still cheap.
Logitech (LOGI) - Logitech benefited from the “work from home” trend as people bought microphones, mouses, keyboards, and webcams to do business from home. The Switzerland based company is trading near $100 and could break the $100 point for the first time ever. LOGI also pays a nice dividend for you dividend growth investors out there.
Chargepoint (SBE) - The New $900 billion stimulus bill included over $600 million for EV infrastructure investment and Chargepoint is currently the #1 charging network in America. While many investors took profits, I think there is strong support at $40. I’ll be adding more shares today at market open.
Flutter Entertainement (PYDPY) - Flutter increased its stake in Fanduel to over 95% and I’m enjoying playing DFS for the NBA season lately. I already own Draftkings (DKNG) but may also purchase some shares of Flutter to really own a portion of the growing online sports betting industry.
That’s it for today. I’ll be adding to my existing positions and taking a look at how the market responds to stimulus news. I’ll be available in our private discord chat if you have any questions to ask me.
Special Offers
4x Free Stocks (deposit $100): https://www.investortrip.com/webull
Free $10 Bitcoin (deposit $100): https://www.investortrip.com/coinbase
Options Trading App: https://www.investortrip.com/robinhood