5 Stocks to Watch Like $AMC
Hope you guys had a good weekend! We nailed several plays last week including AMC Theatres (AMC), Cloudfare (NET), and Joby Aviation (JOBY).
If you bought some of these picks then you made some money. My goal is to give you actionable investment ideas that you can profit from.
But I realized something. We need a private discord server to discuss these picks during market hours. I’m working on getting it setup today so stay tuned for another e-mail once it’s done.
Stocks to Watch for Monday 8/8/22
AMC Theatres (NYSE: AMC)
Bed, Bath, and Beyond (NYSE: BBBY)
Coinbase (NASDAQ: COIN)
Canoo (NASDAQ: GOEV)
Upstart (NASDAQ: UPST)
Here are the stocks I’m watching today:
AMC Theatres
I talked extensively about AMC last week so not much has changed. Friday’s volume was over 120+ million shares traded and I’m looking for higher volume today.
The last 2 times AMC peaked over 200 million shares traded, we saw a massive short squeeze. I’m pretty sure many apes talked about AMC stock over the weekend so it should be exciting. Many people are curious about the APE dividend. Check out my article on APE dividend explained to learn more.
Bed, Bath, and Beyond
BBBY stock is the #1 most talked about stock on Reddit and I saw a lot of volume on Friday. I like BBBY because it’s under $10 (as of Monday morning) and has more room to go higher. The 52-week high is $30 plus it trades at a P/S ratio of 0.1!
Backed by Ryan Cohen who bought a ton of LEAPS (long term calls) under $6, I think BBBY could be a major winner this week.
Coinbase
Bitcoin went up over the weekend as the markets processed the Blackrock-Coinbase partnership. This is MAJOR NEWS. Bitcoin can no longer be considered a scam. The world’s largest asset management firm wants a piece of BTC so I expect a bullish runup. Coinbase should easily pass $100 leading up to earnings on Tuesday after close.
Canoo
I explained everything in Friday’s email so no need to repeat myself. The Walmart partnership is a big deal. I expect big volume once the details are released. Canoo reports earnings today after market close.
Upstart
I’ll admit I was wrong about Upstart in last week’s email. Americans applied for a whopping 230+ million credit cards in Q2. Perhaps I was a little wrong about the need for loans during this market environment. Upstart has a massive short interest of 30% and could squeeze after earnings. I’m going to sell my puts and buy calls when market opens. Upstart reports earnings today after close.
What’s Next?
That’s it for now. Please stay tuned for the launch of our own discord server. We need a place to chat during market hours. I’m working on a price point and the best hosting solution. If you know anything about setting up a paid discord server, drop me an email at tjp@investortrip.com.
Good luck out there and as always take care!