5 Stocks to Watch Like $MSTR
Stocks ripped higher today and this is one of the biggest mornings I’ve seen in a while. It looks like investors are super optimistic about a Biden Presidency even though tragedy struck the US capital yesterday.
Here are the stocks I’m watching today:
Microstrategy (MSTR) - MSTR is one of the purest bitcoin plays you can make. The company owns over 70,000 bitcoins and CEO Michael Saylor is one of Wall Street’s biggest bitcoin bulls. If you don’t want to buy bitcoin then MSTR is a good stock to profit from the recent runup.
Roku (ROKU) - Roku stock had a huge breakout this morning and could be headed to $400 per share soon. The company plans to benefit from the ongoing streaming wars between Netflix, Disney+, and others. Ark Invest’s ARKK ETF also has Roku as its #2 largest holding behind Tesla (TSLA).
Tesla (TSLA) - Tesla ripped higher as $800 looks like a real possibility soon. I mentioned in a previous email that I am looking to opening a reserve cash account with just Tesla stock. Even though it has a massive P/E ratio, I expect the bullish run to continue leading up to the Cybertruck launch. I’m bullish on TSLA stock.
Chargepoint (SBE) - I’m still focused on building a position in SBE stock up until the merger is completed on January 27th. Chargepoint will benefit from Joe Biden’s clean energy plans.
Jumia (JMIA) - After a recent selloff, JMIA stock has bounced back nicely and still looks too cheap. E-commerce will only grow in Africa over time.
That’s it for today. Follow me on Twitter to get more real time updates from me throughout the day.
I’ll be available in our private discord chat if you have any questions to ask me.
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