6 Stocks to Watch Like $GNUS
It was a choppy day in the markets yesterday as investors eagerly awaited stimulus news. The good news is that Congress unveiled 2 COVID-19 benefit packages on Monday but neither one included stimulus checks. We will get more clarity on the situation by the end of the week.
Here are the stocks I’m watching today:
Genius Brands (GNUS) - GNUS stock skyrocketed from $1.60 to over $2 during Tuesday’s premarket session after NBA HOF legend Shaquille O’neal promoted GNUS during a keynote interview with Charissa Thompson at the LD MicroInvestor Conference (full interview here). Today, CEO Andy Heyward will release some major news at 1pm EST during the conference. GNUS could gap up big today so good luck to GNUS longs.
Arcimoto (FUV) - I watched Arcimoto’s presentation during the LD MicroInvestor conference and was thoroughly impressed. 3 wheeled EVs may look weird but they are a lot cheaper and more environmentally friendly than their heavier 4 wheeled counterparts. As the world deals with a major recession, I think more consumers will look towards cheaper electric vehicles than a regular $35,000 EV. Arcimoto plans to reduce its FUV cost to $10,000 in the future. BTW Celebrity Mark Walhberg loves his FUV and ordered a custom built one for $20,000. (watch video interview on Tesla Daily)
Chargepoint (SBE) - Chargepoint stock continues to sell off as the 12/15 deadline looks like it will pass without a merger. I’ve read about many different merger dates (possibly early 2021) but see this as a golden buying opportunity. EVs are the future and I want to grab as many cheap shares as possible. I still maintain a long term price target of $350+
Netflix (NFLX) - As I predicted, Netflix finally broke out of its slump yesterday as more lockdown orders will force people to watch Netflix for entertainment. NFLX stock is still the market leader for streaming content around the world and it’s one of the best performing stocks of the 21st century. I remain long NFLX.
Mind Medicine (MMEDF) - I rarely recommend OTC stocks to watch because of the added regulatory risks but this company is actually backed by Shark Tank celebrity Kevin O’leary. The company aims to promote using Psychedelic drugs in tiny doses to treat a host of mental disorders. I think this company could rub a few people wrong but the stock has gapped up big from $1 to $4+ in just a few months. Right now, MMDEF stock pulled back from its recent highs and could be a buying opportunity.
Tesla (TSLA) - Tesla continues to surge as more investment firms add TSLA shares to their S&P 500 funds. What can I say more about Tesla? Elon Musk and company continue to prove the haters wrong. LONG TSLA.
That’s it for today. Be sure to check out the final day of the LD MicroInvestor Conference (it’s free to signup). I’ll be available in our private discord chat if you have any questions to ask me.
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