5 Stocks to Watch Like $TSLA
Yesterday’s session saw a lot of EV stocks rebound and move higher towards the end of the session. I will continue to monitor the S&P 500 SPY as COVID-19 cases continue to rise. Now is a good time to potentially take profits on swing trades and hold on to longer term positions.
Here are the stocks I’m watching today:
Tesla (TSLA) - Tesla dropped during premarket hours after the company announced another $5 billion stock offering. That’s the 2nd offering over the last 3 months. While it only represents 7 million shares, I think Tesla is a good dip buying opportunity since this offering won’t hurt the company over the long run.
Ehang (EH) - Ehang closed at $18 in yesterday’s session and the stock is up big during premarket trading. I think the company is the clear leader in air taxis within the massive Chinese market. It’s still a strong buy.
Chargepoint (SBE) - Chargepoint is just 7 days away from the blockbuster merger and I still think the company is a strong buy. It could breakout even more as we approach December 15th.
Nio (NIO) - I bought some shares of Nio on the dip yesterday as I aim to increase more exposure to the Chinese markets before the year ends. China’s economy is roaring right now and Nio is considered the “Tesla of China”.
Palantir (PLTR) - Palantir stock jumped up during yesterday’s session because the company won a $44 million FDA contract. It’s a newly issued IPO and the stock looks like a strong buy heading into 2021.
That’s it for today. Be sure to monitor Stimulus news since we should receive more clarity on the situation this week.
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