5 Stocks to Watch Like $AMC
I will admit I was wrong about Lucid Group (LCID) leading up to earnings. Lucid lowered EV production guidance for 2022 and the stock tanked in afterhours trading.
I really should have sold my 8/12 calls before market close but that’s how the market goes sometimes.
The good news is reservations increased to 37k and revenue nearly doubled. Check out all the Lucid Motors Stats and my 2025 LCID Stock Price Prediction for more information.
It’s time to take a look at some other companies reporting this week plus other hot potential meme stocks.
AMC Theatres (AMC)
AMC stock is finally taking off and the shorts are getting crushed. I’m long AMC shares and will consider buying some calls leading up to earnings. Will I hold through market close? I’m not sure after getting crushed by LCID. When options IV starts soaring, it’s probably a good time to take profits and get out of the way. AMC reports after market close on Thursday.
Lucid Group (LCID)
I mentioned in the beginning of this email how I lost my shirt on LCID longs & calls. Oh well, I’m still a Lucid bull because it’s the #1 EV in the world. I’m licking my wounds and holding my long shares.
AMDT Digital (HKD)
HKD stock fell 35% yesterday from an all-time high of $2,000 per share. That’s just insane. I hope you guys didn’t buy at the top. I expect HKD to bleed out for the rest of the week and be mostly ignored. This was a dangerous pump and dump that caught a lot of retail traders in a bad spot.
Cloudfare (NET)
Cloudfare reports earnings after close and I’m expecting some decent numbers. I use Cloudfare’s enterprise CDN to power my website, InvestorTrip.com. It’s a solid company in a high growth niche that could get ignored. NET stock was as high as $200+ last year so this looks like a nice dip buying opportunity.
Tesla (TSLA)
Tesla will vote on the proposed 3 to 1 stock split in today’s annual shareholder meeting. I may pick up some calls because TSLA could pump if it gets approved.
Enjoy your day. Thanks for reading.
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