5 Stocks to Watch Like $BABA
Chinese stocks are soaring on news of a US-China auditing agreement that would keep over 200+ Chinese ADRs listed on US stock exchanges. I paperhanded a BABA call option and now BABA is soaring during premarket. Oh well, let’s see if the momentum carries into next week.
Stocks to Watch for Friday August 26th 2022
Alibaba (BABA)
Nio (NIO)
Snowflake (SNOW)
Peloton (PTON)
Eve Air Mobility (EVE)
Alibaba (BABA)
Alibaba is a big winner from the new U.S. auditing deal with China. I may try to scalp some profits using call options to see if BABA stays bullish.
Nio (NIO)
Nio is another big winner in the U.S. auditing deal. There isn’t as much upside here compared to BABA but I do like the Chinese EV company.
Snowflake (SNOW)
Snowflake ripped higher this week after posted a stellar Q2 earnings report. Let’s see if the movement carries into next week.
Pinterest (PINS)
PINS stock got crushed after the company posted a big loss in Q2. The good news is that Pinterest’s new CEO spent years working at Spotify and Netflix and helped each company turn profitable.
Eve Air Mobility (EVE)
Eve signed a deal to provide eVTOLs for the Chicago, Illinois area. This is a big win for the eVTOL industry and I’m still bullish on the entire sector. Check out my best eVOL stocks article for a comprehensive breakdown.
What’s Next?
I may trade BABA or NIO call options to profit from all the bullish movement. Otherwise, I look forward to resting this weekend and preparing for next week’s reaction to the Jackson Hole meeting.
That’s all for now. Thanks for reading and check out my site, InvestorTrip.com, for more articles and insights.