5 Stocks to Watch Like $SNDL
What a day Tuesday was! MicroStrategy soared and many other tech stocks took off. Lyft reported an earnings beat yesterday, which means good things for Uber stock. Cannabis stocks are roaring as well as investors expect federal Cannabis laws to ease under the Biden administration.
Here are the stocks I’m watching today:
Sundial Growers (SNDL) - SNDL stock is soaring as investors pile into Cannabis stocks. Aurora Cannabis (ACB), Tilray (TLRY), and Canopy Growth (CGC) are all breaking out as well. It looks like we’ve seen the bottom for Cannabis stocks and the future looks bright.
Uber (UBER) - Lyft posted good earnings so I expect Uber to take off as well. Uber stock was already up big in premarket trading and Uber will report afterhours. My next price target for UBER is $75.
MicroStrategy (MSTR) - MSTR was a fine play on the Bitcoin crypto industry and it continues to soar. I’m still holding my shares and waiting for the next bullish runup in Bitcoin.
AMC Theatres (AMC) - Has AMC stock bottomed? It’s the most held stock on Robinhood and some Youtubers are going all-in on AMC stock. I know things will rebound once the weather gets warmer just like many stocks rebounded after 2020 lockdowns. I’m waiting to see what happens with AMC stock.
Blink Charging (BLNK) - Chargepoint’s merger closes on Thursday but Blink Charging has caught my eye recently. BLNK is much smaller than Chargepoint but will grow along SBE during the EV adoption cycle. I like both stocks as solid EV charging company stocks.
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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