5 Stocks to Watch Like $LCID
We’re halfway through another earnings week with a ton of information to digest. Not to mention Chinese meme stocks have gone crazy lately to make things more interesting.
First off, here’s a look at which companies report earnings for the rest of the week.
Source: Earnings Whispers Twitter
There are a lot of tasty plays out there but I’ll share the 5 stocks I’m watching the most today. Let’s get right into it.
Lucid Group (LCID)
Lucid Group reports earnings after close on Wednesday and I expect them to beat Wall Street expectations. Production is ramping up plus Tesla (TSLA) ran higher after earnings. LCID stock is over $20 as I type this and I’m holding 8/12 $20 calls into the earnings release.
Applied DNA Sciences (APDN)
Another MonkeyPox stock soared on Tuesday after the company plans to validate its PCR MonkeyPox test. APDN shares are up big this week at nearly 400% gains.
I expect some profit taking at the open but this small cap stock could run much higher. Check out my APDN stock forecast for more details.
Robinhood (HOOD)
Robinhood reports earnings after close and I expect plenty of buyers to pick up this beaten down stock. How much lower can HOOD stock possibly go?
Sam Bankman-Fried bought a 7.6% stake in the company and we’ve seen several stocks such as Pinterest (PINS) and Paypal (PYPL) trade higher after announcing stakes from Elliott Management. This could be the last time we see HOOD shares under $10. I’ll probably pick up some calls before market close today and see what happens.
AMTD Digital (HKD)
I’m not recommending this stock but I feel obligated to mention it in case you are thinking about chasing gains here. HKD shares are up over 30,000% over the last few weeks since the Hong Kong company IPOed. This is a pure pump and dump meme play that could get ugly quick.
For those of you that got in at an early time then congrats to you. I’m staying away from this one and would only consider shorting HKD stock at these crazy prices.
AMTD Idea Group (AMTD)
AMTD is another Another Hong Kong based meme stock that’s up big this week. There is a lot less risk here since the price is currently under $10.
Could AMTD run up like HKD? We’ll see and I will definitely discuss these two stocks more throughout the week. Right now, I’m watching the action from the sidelines but may dip my toe into AMTD. HKD is a no go for me right now.
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