5 Stocks to Watch Like $DIS
Stimulus talks aren’t moving forward as expected so expect more market volatility in the short run. Yesterday’s morning dip recovered quite nicely but I think this is the most wild stock market I’ve ever experienced. What a year 2020 has been!
Here are the stocks I’m watching today:
Disney (DIS) - Disney’s Investor Day showcased tons of new content plus revealed that Disney+ has over 80+ million subs already. The company plans to increase the price of Disney+ by $1 in March and could hit 100 million subs by next Spring. The stock is up premarket and it looks like Disney could overtake Netflix in the near future.
AirBNB (ABNB) - AirBNB closed up 100% after yesterday’s IPO. $100 billion market cap in its first trading session. AirBNB is not profitable and will experience a big drop in revenue this winter since COVID-19 cases are rising in North America & Europe. The stock is grossly overvalued in my opinion so I will wait to buy shares at a cheaper price.
Netflix (NFLX) - As COVID-19 cases rise, Netflix should see a boost in subscribers. The stock hasn’t done much lately but sub growth remains positive. The company added at least 30 million subs globally each of the last 4 years. While its growth has slowed, Netflix is still the #1 streaming service in the world.
Romeo Power (RMG) - EV battery companies will make a lot of money during the EV shift. This new SPAC merger should close before the end of the year and the stock is up big premarket. It’s a strong buy.
Genius Brands (GNUS) - Genius Brands finally broke above $1.55 resistance and Shaquille O’neal will promote GNUS stock along with his upcoming cartoon Shaq’s as a keynote speaker at the LD Microcap conference next week. Shaq is a big celebrity and he could push GNUS over $2 by next week. This could be your last chance to buy it under $2.
That’s it for today. Have a great weekend and be sure to monitor the news for Stimulus updates.
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