5 Stocks to Watch Like $SUNW
Today will be an intraday watchlist newsletter but tomorrow’s email will be published premarket as usual.
Yesterday capped off a historical presidential inaguration for Joe Biden and the world responded positively to the transition of power.
US markets are slightly green after a morning dip and a lot of stocks are moving higher as earnings season kicks into full gear.
Here are the stocks I’m watching today:
Sunworks (SUNW) - Solar stocks are red hot and SUNW just hit the $20 price level as I type this newsletter. Joe Biden is an extremely pro solar energy president and I expect the US government to spend aggressively on renewable energy in the next 4 years. SUNW and other solar stocks look undervalued.
Sunrun (RUN) - Sunrun is another solar energy play that focuses on installing residential solar roofs across America. They are the clear cut leader in the US residential market and the stock looks cheap after a slight pullback.
Tesla (TSLA) - Should you buy Tesla stock before earnings? That seems to be the big question everyone is asking. Elon Musk tweeted about how difficult it is to stay profitable so I guess many Tesla bulls are concerned if Tesla will post a strong quarter. The good news is Tesla announced record Q4 deliveries, which should translate to record revenue and profits. Tesla is a strong buy before earnings.
Chargepoint (SBE) - Chargepoint stock is a strong buy under $40. The official merger date is on February 11th, just 20 days away. While many SPAC haters think SBE stock will crash after the merger, I think it soars much higher due to improved branding and awareness.
Tata Motors (TTM) - India is going to be a major EV player this decade and the Tata Nexon is the best selling EV car in India. If you’re looking for EV exposure in India (outside of Tesla), then TTM stock is the best option right now.
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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