5 Stocks to Watch Like $PTON
The CPI inflation numbers were released for August and the market didn’t like what they saw. August CPI inflation data was 8.3% but core inflation rose 0.1%. Of course, the markets are showing red after 4 green days in a row. Bitcoin crashed too. Oh well.
5 Stocks to Watch for Tuesday September 13th 2022
Peloton (PTON) - 2 Co-founders of the tele fitness company left the company today including founder and former CEO John Foley. We will see how the company performs moving forward under new leadership.
MicroStrategy (MSTR) - Bitcoin sold off and now MSTR stock has crashed as well. A lot of people don’t like the dilution of MSTR shares to purchase Bitcoin but I think it’s a great idea to trade as many dollars for BTC as possible. If Bitcoin becomes the global reserve currency of the internet then Saylor will look like a genius.
Meta Platforms (META) - META shares got rocked today and it looks like META is heading towards my $100 price target. I believe social media does more harm than good and META is the #1 culprit. If there is 1 stock I would short, META is my #1 pick.
DraftKings (DKNG) - Over 100 million Americans bet on NFL’s week 1 and that is a good sign for sports betting stocks such as DraftKings. It’s only a matter of time until sports betting becomes even more popular than the sporting event itself. DKNG is my favorite pick of the sports betting stocks.
Lucid Group (LCID) - Insiders report that Lucid made several key management changes to increase daily production output. The company is now producing 40 to 50 EVs per day in order to hit its 6 to 7k annual delivery goal. LCID stock is still under $20 and I give it a strong buy rating.
What’s Next?
Hopefully, I will get my internet fixed and be able to post this earlier in the day.
That’s all for now. Thanks for reading and check out my site, InvestorTrip.com, for more articles and insights.