5 Stocks to Watch Like $DKNG
Happy Holidays. US markets close early today at 1pm and will be closed on Friday in celebration of Christmas. Hopefully, we will get a more detailed look at the upcoming stimulus bill after Trump asked to increase the stimulus check payouts. I’ll be watching a few stocks today but not really doing much trading overall.
Here are the stocks I’m watching today:
Draftkings (DKNG) - The 20/21 NBA season started off with a massive bang on Wednesday with the majority of teams playing their first game. Draftkings most likely saw a massive increase in signups and overall betting activity since many Americans are dealing with temporary lockdowns. DKNG stock is up over 400% this year and could continue its bullish run because the winer is a high period for online sports betting (NFL playoffs & NBA going on at the same time).
Zillow Group (Z) - Home sales soared during 2020 and Zillow is one of the biggest beneficiaries of the real estate sales market. Even if home sales slow down in 2021, Zillow is by far the best tool in America for buying and selling real estate. I’m bullish on Z stock.
Chargepoint (SBE) - Chargepoint tested $50 resistance yesterday and I’m looking for a major breakout to $60 before the January 15th merger date. Blink Charging (BLNK) is up big as well as more investors pile into EV charging network stocks.
Shopify (SHOP) - E-commerce saw a huge boost in sales during the holiday season and Shopify is one of the key stocks to monitor when it comes to online sales. I mentioned Etsy earlier this week but Shopify could head to $1,500 by Q1 2021. I’m bullish on SHOP stock.
Roku (ROKU) - With so many people staying in for the holidays, I expect Roku watch time to soar during the winter. Roku is the #1 streaming device in America and has over 42 million accounts (and growing). Roku soared past $360 and could head to $400 by the end of the year. It’s one of my top 3 holdings and I will continue to buy more this week.
That’s it for today. Have a great weekend and I’ll check back in next Monday. I won’t be in the discord chat much this weekend but I promise to answer any messages or questions by Monday.
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