5 Stocks to Watch Like $TSLA
Happy new year! This is the first trading day of 2021 and it should be an exciting year.
If you were subscribed to my old newsletter on InvestorTrip.com then welcome to the daily stock watchlist newsletter. I merged the two newsletters and will be writing sending emails exclusively on Substack this year.
Here are the stocks I’m watching today:
Tesla (TSLA) - Tesla released its Q4 2020 delivery numbers and delivered a record 180,570 vehicles. 2020 deliveries fell just shy of 500k at 499,450. Tesla was considered the stock of the year in 2020 with its massive 740% gain. I put together a list of Tesla deliveries and CEO Elon Musk has done an amazing job by increasing output YoY. Tesla stock is still a strong buy even with its high P/E ratio. Here’s why I don’t think Tesla stock is overvalued but at fair value.
Nio (NIO) - Nio also reported record delivery numbers in 2020 and the stock crossed over the $50 mark in premarket trading. Nio and Tesla are my two favorite EV stocks to buy and I think the trend continues in 2021. Believe it or not, Nio’s deliveries are growing at a faster rate than Tesla did. If you’re looking for a good chinese EV stock then strongly consider adding Nio to your portfolio.
Binonano Genomics (BNGO) - BNGO stock is up huge premarket and it’s trading over $5 as I type this email. This could be a pump and dump but I think it’s a decent penny stock to trade if you buy a dip and sell into strength. Be careful though because the runup was massive for BNGO.
Chargepoint (SBE) - SBE is down under $40 and I’ll be adding more shares to my position this week. The Chargepoint SBE merger should be completed by January 15th and I think Chargepoint can be the next millionaire maker stock this decade.
Uber (UBER) - New stimulus checks and vaccines will really help the ride sharing industry, especially Uber. UBER stock is finally trading above IPO price and I think 2021 is the year Uber becomes profitable and breaks out to new highs. I think UBER stock will double in 2021 for sure. I will be adding more shares today for sure.
That’s it for today! I’ll be available in our private discord chat if you have any questions to ask me.
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