7 Stocks to Watch Like $AFRM
Happy Thursday!
President Biden’s upcoming speech today will give us more clarity on yet another potential stimulus package. Right now, I think stocks are constantly rising due to stimulus payments. The big question is: what will happen once the stimulus money dries up?
Many investors are thinking about selling stocks and holding cash but I don’t want to sell too many winners due to capital gains taxes. I guess we’ll have to wait and see what happens.
Here are the stocks I’m watching today:
Affirm Holdings (AFRM) - Affirm went IPO yesterday and the stock was up 98%. I’ll talk a bit more about Affirm in an upcoming video but it looks like a disruptor in the e-commerce space.
Ehang (EH) - Ehang, the Chinese air taxi leader, keeps gapping up and hit $40 in premarket trading. I talked about Ehang when it was $14 because air taxis are the future of urban mobility. With so much traffic around the world, Ehang will help ease the gridlock and make interstate travel fun again.
Bitcoin stocks - I still remain bullish on bitcoin and that means stocks like Microstrategy (MSTR), Marathon Patent Group (MARA), and Riot Blockchain (RIOT) should bounce back nicely. Bitcoin could hit $1 million by the end of the year and Microstrategy is my favorite stock to play the bitcoin boom.
Jumia (JMIA) - Jumia stock recovered since the recent selloff and I’m still bullish on the “Amazon of Africa”. Don’t overthink this one. Jumia is the top African stock to own right now.
Uber (UBER) - I still remain bullish on Uber and it crossed $60 during premarket trading. Next stop is $100 because Uber is grossly undervalued. It’s the only big tech stock that trades at less than $500 billion market cap. I still maintain my $600 PT in the long run.
That’s it for today. Follow me on Twitter to get more real time updates from me throughout the day.
I’ll be available in our private discord chat if you have any questions to ask me.
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