5 Stocks to Watch Like $JMIA
Stocks look to move higher today even though Trump asked Congress to amend the recent Stimulus bill saying $600 per American is too low. He wants to increase the amount to as much as $4,000 per American couple. Many investment analysts think things will be rocky in the short term but the 2nd half of 2021 will be smooth sailing.
Here are the stocks I’m watching today:
Jumia (JMIA) - Jumia soared in yesterday’s session as the “Amazon of Africa” trades at just under a $4 billion dollar market cap. Amazon (AMZN), Alibaba (BABA), and MercadoLibre (MELI) all trade well over Jumia’s current market value. This is one of my favorite stocks to watch right now. The upside for African e-commerce is enormous.
Ehang (EH) - Ehang continues its bullish run as Urban air taxi stocks have caught the eye of EV investors. I’ll continue watching this stock closely and will buy more shares this week.
Etsy (ETSY) - The handmade auction marketplace has seen a massive boost in sales during 2020 and looks like it could breakout past $200 today. E-commerce is a major bullish trend and Etsy is just under $25 billion in market cap. It’s too cheap for its future growth momentum.
Canoo (GOEV) - Canoo completed its SPAC merger yesterday and now trades under the ticker skybol: GOEV. Canoo plans to revolutionize the EV industry with its monthly subscription based business model. It could be a game changer.
Chargepoint (SBE) - Chargepoint soared yesterday and is now down a bit premarket. This looks like a nice dip buying opportunity. The merger will close in just 23 days so there is plenty of time in get in on the ground floor.
That’s it for today. I’ll be monitoring stimulus news and looking forward to an increase in the stimulus amount per person. I’ll be available in our private discord chat if you have any questions to ask me.
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