10 Stocks to Watch Like $AMC
Hope everyone enjoyed their Memorial day weekend. I haven’t written to you in a while but now I think is a good time to revive this newsletter when stocks & cryptocurrencies are trading at extremely attractive prices.
If you are wondering exactly which stocks & crypto I’m holding right now then get access to my entire portfolio. I will also post my latest buy & sell alerts plus grant access to my private discord chat where you can chat with me & other community members.
Here are the stocks I’m watching for Tuesday, May 31st, 2022
AMC Theatres (AMC) - I posted a comprehensive article on SeekingAlpha explaining why I believed AMC would soar in a short squeeze due to its high 22% short interest. Tom Cruise’s newest film Top Gun Maverick broke memorial day box office records and received a 97% rating from Rotten Tomatoes. Momentum is building up while AMC’s short interest remains high. I think AMC could soar to $30 by the end of the week.
Gamestop (GME) - Gamestop will post earnings after market close on Wednesday and could benefit from increased interest in AMC stock. Meme stocks are gaining in popularity in the recent market recovery and there is some short-term profit potential here.
EV Stocks - Gas prices hit record highs during the Memorial Day weekend and I expect consumers to start considering electric vehicles more seriously. Lower-income Americans are spending an astounding 9% of their income just to fill up the tank, which is a complete waste of money in my opinion. I expect EV stocks such as Tesla (TSLA), Lucid Group (LCID), Chargepoint (CHPT), and Nio (NIO) to gain from higher oil & gas prices.
Innovative Industrial Properties (IIPR) - I’m thinking about adding a high yield REIT to my growth portfolio and IIPR has caught my attention. The company is the world’s only publicly-traded Cannabis REIT that leases land to marijuana growers. IIPR is up 654% over the last 5 years and pays a healthy 5.26% dividend. The company continues to acquire new Cannabis firms and could benefit from federal marijuana legalization.
Crypto Stocks - Bitcoin soared over the Memorial Day weekend and that means good news for crypto stocks such as Marathon Digital Holdings (MARA), Coinbase (COIN), and MicroStrategy (MSTR). I came across an interesting article that predicts Bitcoin will bottom within the next 60 days so this could be a good time to buy.
That’s all for now. Be sure to get access to my trade alerts, portfolio, and private Discord chatroom by signing up for my Patreon page.