5 Stocks to Watch Like $ROKU
Today should be an epic day full of news breaking events. Congress proposed a $900 billion stimulus bill (including direct checks), Bitcoin soared past $20,000, and stocks like Roku (ROKU) are breaking out to new highs.
Here are the stocks I’m watching today:
Roku (ROKU) - Roku’s new deal with HBO max has won over a lot of investors. ROKU stock is up big premarket as it marches towards $400. I still think Roku could follow a similar path like Shopify did and hit $1,000 per share in the future
Bitcoin Miners - Marathon Patent Group (MARA) and Riot Blockchain (RIOT) gapped up big premarket because Bitcoin crossed over the $20,000 mark. Bitcoin is trading around $23,000 as I write this but the kicker is many expers think Bitcoin could hit $400,000. Microstrategy (MSTR) has one of the largest treasury stock holdings in Bitcoin but you could just buy Bitcoin like I do using a trusted coin wallet like Coinbase. A mere $1,000 invested in Bitcoin back in 2010 would be worth over $200 million dollars in 2020. Wow just wow!
Jumia (JMIA) - Jumia aka the “Amazon of Africa” changed its sales strategy to shift from 1st party sales to a 3rd party sales platform like Amazon (AMZN) or Alibaba (BABA). At just under $4 billion, I think Jumia is pretty undervalued considering Africa has over 1.3 billion in total population. The stock survived a Citron Research shorting scandal and is up big this year. Could it head to $50 or higher? I’m buying Jumia stock this week and looking to build a big position.
Chargepoint (SBE) - Once again, Chargepoint remains on my radar and according to a recent SEC filing, the new merger date is January 15th, 2021. Chargepoint also has the #1 best selling home charging station on Amazon with hundreds of 5 star reviews. In fact, some of my Youtube subscribers are considering going all-in on SBE stock (watch this video for my response)
That’s it for today. Most of my attention will focus on JMIA and SBE stock. Stimulus news will affect the markets in a positive way and it could be the next leg up in what should be a multi-year bull market as long as interest rates remain near zero.I’ll be available in our private discord chat if you have any questions to ask me.
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