5 Stocks to Watch Like $NIO
Happy monday! After last week’s epic rally in the NASDAQ, I expect to see some profit taking this week. Many stocks are down premarket but Nio (NIO) stole the show last weekend during Nio day.
Here are the stocks I’m watching today:
Nio (NIO) - Nio hosted “Nio Day” last weekend and unveiled its ET7 sedan to complete with the Tesla Model Y. The ET7 is a super luxurious sedan starting at $69,000! Nio stock is up big premarket and could continue its run until $100 by the end of this month.
Bitcoin Stocks - Bitcoin sold off last weekend and that means Marathon Patent Group (MARA), Riot Blockchain (RIOT), and Microstrategy (MSTR) should move down as well. Is this a good dip buying opportunity? Sure if you believe Bitcoin will reach mainstream adoption soon. I’m adding to MARA stock and could accumulate more MSTR stock as well. Bitcoin isn’t going anywhere and a selloff makes sense after the huge price runup.
Canoo (GOEV) - After watching a lot of videos and reading about Canoo, I think Canoo could be the next big EV stock of this decade. Tesla doesn’t make vehicles that are made for autopilot but Canoo produces big, spacious vehicles that you can sleep in. With a ton of millenials living out of their cars, I think Canoo will be a hugely popular vehicle.
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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