5 Stocks to Watch Like $BBBY
Hope you guys had a good Labor day weekend. US markets are open today so let’s get back to business.
5 Stocks to Watch for Tuesday September 6th 2022
Bed Bath & Beyond (BBBY) - BBBY CFO Gustavo Arnal committed suicide over the weekend after being investigated for a pump and dump scheme. I didn’t expect this to happen but now Ryan Cohen looks incredibly guilty.
HyreCar (HYRE) - HYRE shares are up 56% today on higher volume due to positive news about existing fleet growth. The company rents out vehicle for Uber & Lyft drivers and received a $100 million line of credit to fund growth.
Lucid Group (LCID) - LCID dipped below $15 and is now trading below the initial SPAC price for the first time under the new LCID ticker. The company announced a $8 billion offering to fund its EV production but it looks like the stock could go much lower. I’ll be adding more shares at these lower prices because Tesla did the exact same thing in its early days.
Roku (ROKU) - Roku is near $60 and looks like a solid buy. I remember when ROKU shares were well over $400. Streaming usage exceeded Cable TV this year and the gap will only grow bigger over time.
Digital World (DWAC) - Is Trump’s Truth Social backing out of its SPAC merger? DWAC is down 15% today and things don’t look good. More on this later.
What’s Next?
The BBBY CFO suicide news is extremely tragic. I was hoping things wouldn’t turn out this way. RIP Gustavo Arnal.
That’s all for now. Thanks for reading and check out my site, InvestorTrip.com, for more articles and insights.