6 Stocks to Watch Like $EXPC
Congress is meeting to further discuss the upcoming stimulus package as millions of Americans will face financial issues after January 1st. It looks like a solid deal will be announced this week.
Here are the stocks I’m watching today:
Blade (EXPC) - Blade, America’s leading helicopter taxi company, announced a reverse SPAC merger with Experience Investment Corp. The deal will close in the first half of 2021. Urban Air Mobility will become a $600+ billion dollar industry throughout this decade. With all the traffic jams around the world, Blade is positioned to grow its 200,000 user base by a ton. I bought shares premarket and will continue adding through this year.
Marathon Patent Group (MARA) - Bitcoin broke out past $20,000 and Marathon is one of America’s largest bitcoin miners. I expect MARA to continue trading higher along with Bitcoin’s runup.
Uber (UBER) - Uber is my largest holding and Jim Cramer mentioned the stock on yesterday’s Mad Money saying he thought the stock was a strong buy. Uber could become profitable by next year after shedding loss leading companies in 2020.
AirBNB (ABNB) - AirBNB looks like it has bottomed a bit at $125 per share totalling $75 billion in market cap valuation. Is this a good time to buy ABNB stock? I’m not exactly sure but it looks a lot more attractive at this price level.
Nio (NIO) - Nio stock is moving up after its $39 share offering last week. I think now is the time to pick up Nio shares on the dip since the stock could move higher towards $65 as we head towards Nio Day on January 9th, 2021. (watch video)
Tilray (TLRY) - Tilray announced a merger with Aphria (APHA) to save around $100 million per year in costs. Tilray will become a big competitor to Canopy Growth and attempt to move its headquarters to the USA on hopes of the MORE Act being passed by President Elect Joe Biden (watch my favorite cannabis stocks here)
That’s it for today. Be sure to monitor stimulus news since it will really help the market move higher if investors feel comfortable about the economy as we approach the 3rd wave lockdowns. I’ll be available in our private discord chat if you have any questions to ask me.
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