5 Stocks to Watch Like $CVNA
There is more green on the NASDAQ and S&P 500 today. None of this means anything if Tuesday’s CPI numbers show that inflation is still rising. If the numbers are lower than 8.1% we could see a big surge in stock & crypto activity.
5 Stocks to Watch for Monday September 12th 2022
Carvana (CVNA) - The online car auction website got upgraded as “undervalued” by analysts and the stock is surging right now. CVNA has a high short interest and this looks like a potential short squeeze play.
Coinbase (COIN) - My COIN options are playing off while Bitcoin heads towards $23,000. I think COIN could hit $95 by the end of the week.
AMC Theatres (AMC) - AMC stock is up 7% along with other YOLO stocks. AMC’s RSI sits at 52 and this could be a good entry point for a swing trade.
MicroStrategy (MSTR) - MicroStrategy announced after Friday’s close that the company will sell up to $500 million in MSTR stock to buy more Bitcoin. MSTR stock is falling even though Bitcoin prices are up. I’m thinking about moving my funds into GBTC if MSTR doesn’t recover by the end of the week.
Robinhood (HOOD) - Bullish activity is good for stock brokerages like Robinhood. HOOD stock is at $11 and looks like a solid buy. The company still has nearly 20 million active users on its platform.
What’s Next?
Big day tomorrow as the CPI data on inflation will cause a big shift in the market tomorrow. Buckle your seatbelts, folks!
That’s all for now. Thanks for reading and check out my site, InvestorTrip.com, for more articles and insights.