5 Stocks to Watch Like $MSTR
Hope you had a great holiday weekend and now it’s time to finish out the end of 2020 with what should be a strong bullish run in the US markets. President Trump finally signed the $900 billion stimulus bill to provide relief to Americans who desperately need it. The response has been extremely positive and we could be in for a big week in the stock market.
Here are the stocks I’m watching today:
Microstrategy (MSTR) - The company has one of the largest bitcoin holdings in the world with over 40,000 bitcoins as of December 2020. While I do recommend buying bitcoin outright, I think Microstrategy is a nice way to invest in bitcoin for anti-crypto investors. Bitcoin is over $27,000 right now as I type this newsletter and could hit $30,000 by the end of the year. What a run Bitcoin is on!
Bitcoin Miners - Marathon Patent Group (MARA) and Riot Blockchain (RIOT) are up big premarket today and could continue soaring as Bitcoin prices continue soaring to new highs! Mining is a huge growth industry since new bitcoin must be mined through solving transactions on the blockchain.
Romeo Power Group (RMG) - I talked about RMG stock at around $19 and it’s nearly doubled since I posted that video a few weeks back. They are the #1 commercial EV battery company in North America. It’s a very strong buy before the merger is completed next year.
Super League Gaming (SLGG) - Esports gaming took off in 2020 as more people spent time playing games online during extended lockdown orders. The company is one of the fastest growing companies in the e-gaming space and the stock is gapping up since hitting $1 around a month ago. It’s one of my favorite micro-cap egaming stocks with lots of upside.
That’s it for today. I’ll be adding to my positions to boost my holdings before 2020 ends. Now is a good time to increase your holdings in your favorite stocks and sell off losers to benefit from tax loss harvesting. I’ll be available in our private discord chat if you have any questions to ask me.
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