5 Stocks to Watch Like $DIDI
Hope everyone had a good weekend. We are entering the last month of Q2 and stocks continue to move higher off of May 2022 lows. I’m aggressively buying my favorite companies and keeping an eye out for profitable swing trades in the meantime.
If you are wondering exactly which stocks & crypto I’m trading right now then get access to my buy & sell alerts. I will also post my entire stock & crypto portfolio plus grant access to my private discord chat where you can chat with me & other community members.
Here are the stocks I’m watching for Monday, June 6th, 2022:
Didi (DIDI) - China finished its yearlong investigation of Didi along with 2 other Chinese listed companies and now DIDI stock is soaring over 50% in premarket trading. I’m not sure if this is a great long-term hold because the company expressed an interest in delisting itself from the NYSE and moving to the Hong Kong index. Nonetheless, DIDI could be a good swing trade this week for some quick gains.
BTCS (BTCS) - This is my favorite microcap BTC play that is trading near the $2 range. The company made history when it became the first-ever publicly traded listing to offer a Bitcoin dividend. I’ll be adding to my position near $2 and think this stock could 10 to 100x as the crypto industry grows over time.
Urban One (UONE) - We are only 11 days away from the July 17th pump that should precede Juneteenth. I’m watching UONE shares closely and will consider taking profits near the $20 range. Remember, this stock could rise and fall within hours so set your limit orders in advance if you don’t have time to watch it closely.
Gap Inc (GPS) - Retailers are dealing with massive inventories of unsold clothing as consumer demand is much lower than last year. That’s okay because rising food and gas prices are forcing Americans to spend less on luxury items. Now, I think this is a good time to take a look at GPS stock because it could dip below $10 in the near future. The Kanye West Yeezy deal will pay off handsomely over the next few years and now could be a time to buy Gap stock especially since the company reinstated its quarterly dividend.
Marathon Digital Holdings (MARA) - Bitcoin crossed the $30,000 mark over the weekend and now MARA stock still remains a penny stock under $10. I’m thinking about opening a big position at these levels.
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