5 Stocks to Watch Like $RIVN
I apologize for publishing the wrong date in yesterday’s newsletter. The good news is BBBY stock finished up 7% and continues to soar as more retail investors look for Gamestop 2.0.
We nailed Disney (DIS) yesterday and DIS stock is up big today after a very positive earnings report on Wednesday. The company has over 221 million subscribers across its streaming platform and will past Netflix soon.
First off, here’s another look at the upcoming earnings for Thursday and Friday.
Earnings Calendar for this week
Stocks to Watch for Thursday 8/11/22
Rivian (NASDAQ: RIVN)
Bed, Bath, and Beyond (NYSE: BBBY)
AMC Theatres (NYSE: AMC)
Invitae (NYSE: NVTA)
Marathon Digital Holdings (NASDAQ: MARA)
Rivian (RIVN)
Rivian will report earnings after market close today. This is an important benchmark report for the overall EV industry. Tesla (TSLA) and Lucid Motors (LCID) both experienced supply chain issues so I expect similar headwinds during the report.
I’m interested in hearing more about future guidance and production numbers. The company produced 4,401 EVs in Q2 with a goal of 25,000 EVs in total for 2022.
This could be an interesting options play before earnings.
Bed, Bath, and Beyond (BBBY)
BBBY stock finished up 7% yesterday and I bought my first 100 shares long to ride the momentum. After doing a lot of research, I truly believe BBBY is Gamestop 2.0.
I wrote my complete thesis on the upcoming BBBY short squeeze so read that for more information.
I’ve been telling everyone to get in now before the price runs up.
AMC Theatres (AMC)
I’m still holding 50% of my position as we approach the August 15th APE dividend date of record. As long as AMC stock continues to rise, I will keep HODLing.
The problem is the APE dividend will dilute AMC stock by 50% so I will probably share my shares on Friday and roll the funds into BBBY, which I believe has more upside.
Invitae (NVTA)
NVTA stock is up over 300% this week but I don’t like chasing high flying runners at the peak. If you buy at the top then you could lose big time.
However, some traders will buy the dip and try to send NVTA shares past $10. The only way I would consider buying in is if NVTA sells off during Thursday morning and I could get in under $5.
Marathon Digital Holdings (MARA)
I finished reading Marathon’s quarterly report and I was extremely impressed. Marathon HODLed its Bitcoin while most crypto miners paper handed during the summer months. The company holds over 10,000 BTC on its balance sheet so I added to my MARA position this week.
What’s Next?
I will be watching meme stocks like BBBY and AMC plus eagerly awaiting RIVN earnings.
That’s all for now. Thanks for reading and check out my site, InvestorTrip.com, for more articles and insights.