6 Stocks to Watch Like $EH
Congress proposed $600 stimulus checks to help Americans deal with unemployment benefits that expire after Christmas. This is good news and I expect another bullish uptick as investors digest the news.
Here are the stocks I’m watching today:
Ehang (EH) - Ehang continues to deliver and the stock is up big during premarket hours. I’ll continue to hold my shares and buy on any dips. Urban air travel is a brand new industry and Ehang is a pioneer in China. I remain bullish. (watch video)
Genius Brands (GNUS) - Genius shares finished strong after news of the LG deal. It looks like the bullish trend could continue for the rest of the week. It’s one of the few penny stocks I recommend to subscribers. (watch video)
DoorDash (DASH) - The Doordash IPO is today and it will be interesting to see how the market responds to the largest food delivery app in America.
Chargepoint (SBE) - Chargepoint is still going strong and there are no signs of SBE stock letting up until the merger. I read a few forum threads stating the merger will close next year but as of today my merger date is still December 15th.
Roku (ROKU) - Roku stock broke out of $300 resistance as America’s leading streaming stick should see a massive uptike in streaming hours during the Winter lockdowns. In case you didn’t know, Netflix spunoff Roku several years ago. It’s still a strong buy.
Tesla (TSLA) - Tesla’s stock offering didn’t hurt the stock price and it looks like it will head to $1,000. I also think the Cybertruck could help Tesla reach $5,000 by 2025. It sounds crazy but Tesla stock is a well oiled machine. (watch video)
AirBNB (ABNB) - AirBNB will IPO on Thursday so it will be interesting to see what happens with the stock. I’m staying away for now because of rising COVID-19 cases. AirBNB depends on gross bookings for revenue, however rising COVID-19 cases means fewer people will travel. I’ll wait to buy after the IPO.
That’s it for today. Be sure to monitor stimulus news because the NASDAQ could break out once a deal is finalized.
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