5 Stocks to Watch Like $UONE
Yesterday’s trading session was a bit of a letdown. The markets closed on Tuesday pretty flat but there were a few good signs that the worst is behind us.
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Here are the stocks I’m watching for Wednesday, June 1st, 2022:
Urban One (UONE) - I posted a comprehensive article on SeekingAlpha explaining why I trade UONE stock every year during the month of June. Juneteenth, a now federal holiday, will send black-owned stock through the roof leading up to June 19th. Now, the markets are closed on June 19th so I believe the catalyst will happen before Friday, June 17th. UONE finished up 6% and could continue moving higher throughout the week.
AMC Theatres (AMC) - AMC broke out to as high as $16+ in premarket trading on Tuesday but traded flat along with the S&P 500 and NASDAQ. The good news is that volume hit over 100 million shares and we could be in line for a massive runup if the markets finish green today.
Gamestop (GME) - Gamestop will post earnings today after the market close but I’m not what to expect. This is a good opportunity to place some calls or puts depending on which direction you think GME shares will move.
Chargepoint (CHPT) - Chargepoint posted an amazing quarter in terms of revenue (Up 100%+ YoY) but CHPT shares fell due to larger losses. Higher gas prices will push more consumers to EVs so this is just the beginning. I will probably pick up some more CHPT shares at the current price.
Thredup (TDUP) - Second hand and used clothing will become increasingly popular as consumers look to save money on clothing. TDUP stock is trading at just $4 and I really like this company a lot. The CEO is passionate about reducing climate change as a company mission but Wall Street has crushed the stock. This could be a nice 10x play over the next few years.