5 Stocks to Watch Like $BYND
Yesterday was brutal. Dow Jones fell 1200 points on its worst day 2 in years. We are not out of the bear market just yet.
5 Stocks to Watch for Wednesday September 14th 2022
Beyond Meat (BYND) - BYND stock could fall below $20 as the plant-based meat company struggles to grow revenue. The McPlant US deal fell through and many people are saying vegan meat may be a fad. I’m still bullish on BYND and the stock looks so cheap at these levels.
Bed Bath & Beyond (BBBY) - BBBY stock looks like it will make its descent to $5 soon. Avoid this company like the plague. It’s only a matter of time until it files for bankruptcy.
Coinbase (COIN) - Major Wall Street banks and investment firms launched a new crypto exchange this week called EDX Markets. This isn’t a good thing if you’re a COIN shareholder. Fidelity, Schwab, and Citadel are all involved in the joint venture.
Canoo (GOEV) - GOEV stock is getting ridiculously cheap. It’s $2.50 per share. Did everyone forget that the company is backed by Walmart?
Riot Blockchain (RIOT) - I noticed RIOT shares are trading at a favorable discount when compared to Marathon Digital (MARA). If you’re looking for a cheap Bitcoin mining stock then Riot is a reasonable alternative to MARA.
What’s Next?
Well, I’m trying to raise as much cash as possible to buy the dip. There are a ton of good long term companies trading at rock bottom prices.
Inflation is slowly decreasing and everyone is overreacting.
Good companies will always be valuable due to their brand name, cash flows, and long term earnings growth potential.
That’s all for now. Thanks for reading and check out my site, InvestorTrip.com, for more articles and insights.