5 Stocks to Watch Like $BBBY
Yesterday was a huge sell off in the market and BBBY stock got crushed after a fake news report. I will be watching BBBY shares very closely to see how the market responds to the FUD.
Earnings Calendar for This Week
Source: Earnings Whispers
Stocks to Watch for Thursday August 18th, 2022
Bed Bath & Beyond (NASDAQ: BBBY)
Canoo (NASDAQ: GOEV)
AMC Theatres (NYSE: AMC)
MindMedicine (NASDAQ: MNMD)
Genius Brands (NASDAQ: GNUS)
Bed Bath & Beyond (BBBY)
The media helped tank BBBY stock during after hours. A lot of retail investors are scared and could head for the exits. It’s important to note that Ryan Cohen did not sell any of his shares. This is pure FUD. I’m still holding my entire stake
Canoo (GOEV)
GOEV stock is up over $4 after the CEO made a large 200k share purchase. I really think Canoo will be one of the winner in the EV race. The company will start producing its lifestyle vehicles in Q2 2022.
AMC Theatres (AMC)
The APE dividend will be distributed soon to shareholders. It will be interesting to see how AMC’s stock price changes based on the dilution. I sold my AMC stock last week to buy more BBBY but am still watching the situation closely.
MindMedicine (MNMD)
MNMD stock is up 60% premarket but there is a rather large 370 million share float. I don’t see this stock becoming BBBY 2.0. I will be watching it closely but don’t plan on buying any shares.
Genius Brands (GNUS)
GNUS brands reported a 800%+ increase in revenue yesterday during the Q2 earnings report. However, there was a big selloff in the stock. I think GNUS is a good buy under $1.
What’s Next?
I will be watching BBBY closely hoping for a reversal. I believe the stock is still undervalued.
That’s all for now. Thanks for reading and check out my site, InvestorTrip.com, for more articles and insights.