5 Stocks to Watch Like $COIN
What an epic week, folks. Coinbase (COIN) went on an epic short squeeze when news came out that Blackrock, the largest asset manager in the world, partnered with Coinbase to offer Bitcoin to its clients.
Coin stock literally made millionaires yesterday if you bought OTM call options and sold them at the peak. Check out this photo I saw on Twitter this morning.
Friday is here and I’m feeling emotionally drained from this week. I’m looking forward to recharging this weekend and seeing more fast moving plays next week.
Make no mistake about it: the stock market is HOT again and a lot of money is trading hands. This is good news after being bored for the last 3 months!
Coinbase (COIN)
Coinbase showed a supernova pattern and now is a good time to short in my opinion or buy put options. How much higher can Coinbase go right now? My guess is people are still shaking from the squeeze and will take profits. In the long run, I absolutely love COIN stock and bought some more this morning. I use it to buy Bitcoin and it’s a solid company.
AMC Theatres (AMC)
Well, AMC reported after close yesterday with less than stellar results. The company hit over $1 billion in revenue but still lost 23 cents per share. A new special preferred dividend was disclosed in the form of APE shares (?). It looks like ol’ CEO Adam Aaron is doing everything he can to appeal to retail investors. As much as I want to take profits (bought at $12.88), I will hold here. AMC has an epic movie lineup coming this holiday season. I’m not ready to sell my shares just yet.
Cloudfare (NET)
I nailed the Cloudfare earnings pick and NET stock soared during afterhours. With the Monkeypox virus going around, you will see a lot of people spending more time indoors (myself included). Health is SUPER IMPORTANT so expect these cloud based software companies to handle a lot of internet traffic as we approach the coldest seasons.
Joby Aviation (JOBY)
JOBY shares soared after Wednesday’s White House Aviation Summit. I added to my position because I’m super bullish on eVTOL stocks. This is a SUPER long term hold that could pay off BIG.
Upstart (UPST)
Upstart reports earnings next week and the stock has been absolutely slaughtered. Could it fall any further? It’s possible but the recent FED rate hikes have hurt loan volume for the company. UPST stock is a great target for an options straddle next week. Management released early guidance and UPST stock could fall even further. I think it’s a buy near $20.
That’s it, folks. Enjoy your weekend.
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