5 Stocks to Watch Like $AAPL
The NASDAQ has been red for 4 weeks in a row. There was a small green bullish candle when markets opened but everything is either flat or red by now.
5 Stocks to Watch for Wednesday September 7th 2022
Apple (APPL) - Apple introduced the iPhone 14 today. AAPL is still one of safest tech dividend stocks out there. Nothing wrong with holding AAPL as a safety net during bearish markets.
Coinbase (COIN) - COIN stock is trading near $62 and I’m thinking about playing options on the momentum here. I’m still bearish on crypto for the rest of the year. We could see $50 soon.
MicroStrategy (MSTR) - MSTR is near $200 and many investors are worried about the company being margin called. That won’t happen unless Bitcoin dips below $4,000.
Canoo (GOEV) - I published my latest SeekingAlpha article on Canoo so please check it out. GOEV stock is under $3 and looks like a nice buy at these levels. The lower the price, the lower the risk in my opinion.
Beyond Meat (BYND) - The McPlant was an epic failure in the United States but Beyond’s vegan burgers are selling well in Europe. The company is looking for new ways to grow revenue in the United States despite struggling with the McDonald’s partnership.
What’s Next?
Expect more red for the rest of the week. The RSI on the QQQ is near 30 so perhaps next week will be a good dip buying opportunity.
That’s all for now. Thanks for reading and check out my site, InvestorTrip.com, for more articles and insights.