5 Stocks to Watch Like $HPCO
Monday was another brutal red day for the stock market with Bed Bath & Beyond (BBBY) serving as the only bright light.
I guess I was wrong again about BBBY because the stock is soaring leading up to management’s announcement about the company’s debt problem. It looks like BBBY is restructuring its debts to avoid bankruptcy.
Best Buy (BBY) saw a 12% drop in Q2 same store sales and reduced revenue guidance for the rest of the year. People aren’t buying electronics like they used to anymore.
Earnings Calendar for This Week
5 Stocks to Watch for Tuesday August 30th 2022
Hempacco (HPCO)
Bed Bath & Beyond (BBBY)
Tesla (TSLA)
Arrival (ARVL)
Chargepoint (CHPT)
Hempacco (HPCO)
Hempacco debuts on the NASDAQ today and will offer 1 million shares under its IPO. The company aims to disrupt the tobbaco industry by selling hemp cigarettes. HPCO offered shares at $6. Let’s see where it opens today. I wrote my HPCO stock price prediction of $20 on my website if you want more information.
Bed Bath & Beyond (BBBY)
BBBY shares are trading just under $15 and now I’m wondering if I paperhanded my stake too quickly. Oh well, I’m not a big believer after witnessing all the deception 2 weeks ago. BBBY could be a short trade term but I’m ruling out the company as a solid long term investment. I may gamble in some call options but will take profits very quickly.
Tesla (TSLA)
Tesla is a good barometer of which direction the market is headed. I’m still holding my puts option but TSLA stock is up premarket. Let’ see what happens next.
Arrival (ARVL)
Arrival is like the Tesla of England and signed a lucrative deal with UPS to produce electric last mile delivery vans. ARVL stock is almost trading at $1. It’s too cheap at these prices.
Chargepoint (CHPT)
Chargepoint, the largest EV charging station company in North America, reports earnings today after market close. We will find out exactly how fast the EV market is growing. I expect revenue to grow as more consumers consider switching to electric cars due to high gas prices.
What’s Next?
Things are looking green during premarket. Will the dip buyers come in and save us? I’m not buying the dead cat bounce and will spend some time looking at alternative investments such as sports cards until we get a clearer picture on the interest rate issue.
A 1952 Topps Mickey Mantle Baseball Card sold for $12.6 million last week.
I will start posing articles on sports card investing as another serious asset class moving forward.
That’s all for now. Thanks for reading and check out my site, InvestorTrip.com, for more articles and insights.