5 Stocks to Watch Like $AMC
Happy Tuesday! I hope you enjoyed the Lunar New Year and President’s Day holidays. After a long hiatus from the markets, we have time to sit back and plan our moves for this week.
President Joe Biden is working on a $1.9 trillion dollar stimulus package that could help send markets even higher as we aren’t out of the pandemic drama just yet.
My other focus is mainly Bitcoin and its recent rally to almost $50,000. That puts Bitcoin stocks and BTC itself on my radar because I think Bitcoin could hit $60,000+ once resistance is broken.
Here are the stocks I’m watching today:
AMC Theatres (AMC) - AMC stock looks oversold as we approach the warm weather of the spring season. It looks like AMC stock has bottomed and it’s currently up 15% premarket. I still believe Netflix (NFLX) is the better long term play but AMC stock is simply too cheap. I bought a few shares and will look to 2x my money as we approach summertime.
MicroStrategy (MSTR) - My favorite pure Bitcoin play is up big premarket because it correlates with rising Bitcoin prices. The company announced hiring for an upcoming Bitcoin data product that Michael Saylor and company could market to the thousands of CEOs that attended the Bitcoin conference two weeks ago. If you can’t buy Bitcoin from a trusted exchange like Coinbase then MSTR is the best growth stock play.
Fiverr (FVRR) - FVRR stock is absolutely crushing it and I’ve watched it go from $100 to $200 and now $300 with no signs of slowing down. The gig economy got boosted from the pandemic shutdowns and more people will turn to freelancing in a highly diversified digital economy in the future. I’m bullish on FVRR stock.
Ehang (EH) - Ehang is marching towards $200 and it’s probably my best stock pick of 2020 behind Tesla. Urban air travel is the future and Ehang is China’s biggest player.
Aurora Cannabis (ACB) - Just like the Gamestop runup, Aurora Cannabis and other cannabis stocks sold off because the rising prices were driven by speculation not fundamentals. If you’re looking to get into Cannabis stocks, Aurora Cannabis is a solid choice and looks like a buy here.