5 Stocks to Watch Like $PRPL
Happy new year’s eve! Thursday is the last day of this week’s trading. The US stock market will be closed on Friday to celebrate new year’s day. Hopefully you had a great 2020 and now is a good time to start writing down your new year’s resolutions to make 2021 even better for you and your family.
Here are the stocks I’m watching today:
Purple Innovation (PRPL) - I came across this stock on Reddit’s WallStreetBets and think it’s worth a serious look. The company sells premium mattresses and other sleep accessories and has become a major disruptor in the home & bedding sector. At just a $2 billion market cap, I think this stock has some potential. Customer reviews rave about the company’s products and how they experienced the best night of sleep ever. I’m bullish on PRPL stock.
Tesoro Enterprises (TSNP) - I rarely mention speculative OTC stocks but I really like the upcoming merger between Tesoro and Humbl Pay. Humbl pay is a major payment wallet that plans to make payments simple and easy in emerging markets like Asia and Africa. The management team is top notch and TSNP stock is just 17 cents. There is some risk here but Humbl could be a millionaire maker if the stock takes off after the merger.
Nio (NIO) - Nio has rebounced nicely from $40 lows and could breakout past $50 to close out the week. Tesla (TSLA) just hit $700 and Nio is considered the “Tesla of China”. At just 1/10 the market cap of Tesla, I think Nio provides a lot of upside to profit from the largest EV market in the world, China.
Uber (UBER) - Uber is my largest position and has benefited from a recent surge in big tech stocks. Vaccine news is good for UBER long term and I still maintain my long term $600 price target.
Jumia (JMIA) - I’m still watching JMIA stock like a hawk. The “Amazon of Africa” could be a millionaire maker if the company follows past successes of Amazon, MercadoLibre, and Alibaba. JMIA is a strong buy under $50.
That’s it for 2020! Thank you for subscribing to my newsletter and I’m looking forward to sending you more updates next Monday to kick off a brand new year. I’ll be available in our private discord chat if you have any questions to ask me.
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