8 Stocks to Watch Like $ABNB
Congress stalled its talks over the much needed stimilus bill and markets dipped lower in yesterday’s session. I’m 100% sure that Congress will approve a 2nd round of stimulus checks before Christmas (12/25) so this looks like a good dip buying opportunity.
Here are the stocks I’m watching today:
AirBNB (ABNB) - AirBNB will IPO today at a price of around $68. It will be interesting to see how much the price moves on the first day. I’m not buying the IPO but will watch eagerly to see what goes down. (watch video)
Romeo Power (RMG) - Romeo Power is the largest commercial EV battery company in the world with over $500+ million in guaranteed contract revenue. The company is planning to go public via a SPAC later this month. The stock is under $20 but has a lot of growth ahead. Very strong buy in my opinion.
EV Stocks - My favorite EV plays like Tesla (TSLA), Electrameccacina (SOLO) Chargepoint (SBE), and Nio (NIO) are all down big premarket. This looks like a good opportunity for dip buying because EV stocks will rally after the stimulus package gets finalized. Don’t be worried about falling prices. The EV stock runup this year was incredible. Cheaper stocks equals a buying opportunity.
The Trade Desk (TTD) - Advertisers are shifting ad dollar spending from traditional ads to video & internet advertising mediums. The Trade Desk continues to bring in a ton of revenue as more advertisers make the jump. With advanced ROI analytics, the Trade Desk is a strong, profitable company with a $40 billion market cap with plenty of growth ahead.
Alphabet (GOOG) - Youtube plans to monetize all non-partner channels next year by showing ads without sharing a cut of the revenue with smaller channels. The majority of Youtube channels have less than 1,000 subscribers so Alphabet will be able to earn a ton of revenue from these smaller channels altogether. Video advertising is the future of digital ads and Google stock could hit $2,000 in the near future.
That’s it for today. Another big red day during premarket so I’ll be on the lookout for some deals. I’m launching my discord chat on Friday so you can track my trades and bounce ideas off other investors like you. Stay tuned!
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