8 Stocks to Watch Like $HCAC
Hope you guys had a great weekend. Monday will give us a glimpse into the rest of the week as the USA deals with rising COVID-19 numbers. California issued a stay at home order until after Christmas so we could experience a selloff as investors flee to safer assets. As long as vaccines are issued ASAP, these stay at home orders are only temporary.
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Here are the stocks I’m watching today:
Canoo (HCAC) - Canoo is set to go public via a reverse SPAC merger on around December 21st and the stock is up big premarket. Jim Cramer’s Mad Money mentioned the company and it’s skyrocketing after Friday’s broadcast (watch my HCAC stock analysis)
Kodak (KODK) - Kodak is up big premarket after a probe reported zero wrongdoing in regards to the massive $700+ million goverment loan. The stock is up a whopping 73% premarket.
AirBNB (ABNB) - AirBNB will IPO this week on Thursday at $42 billion valuation. I’ve personally used AirBNB over the years and it’s a great alternative to pricey hotels.
MicroStrategy (MSTR) - Microstrategy purchased an additional $50 million in Bitcoin, upping its stake to just over 40,000 bitcoins in total. Sitting at just a $3 billion market cap, MSTR is one of the purest ways to invest in bitcoin related stocks.
Chargepoint (SBE) - Chargepoint is up premarket as the SPAC merger is only 8 days away. My guess is the stock will soar after the December 15th merger. I’m buying now and holding until after the merger closes (watch video)
DoorDash (DASH) - DoorDash, America’s leading food deliver app, plans to IPO on Wednesday at a $30 billion market cap. Uber stock has done quite well this year yet Uber is the #2 food delivery app (including the recent Postmates acquisition). If lockdowns continue then DoorDash may experience more revenue growth.
Zoom (ZM) - I was wrong about the earnings pop on Zoom but with so many lockdown orders I expect Zoom to thrive in the current environment. Even after the vaccine is released, many people will continue using Zoom to connect via video conferencing. It’s still a strong buy.
Flutter Entertainment (PDYPY) - Flutter increased its stake in Fanduel to around 95%, giving it the potential to compete with Draftkings for the online sports betting market. The most interesting part is Flutter may spinoff Fanduel into a separate stock. My guess is Flutter shareholders will receive 1:1 share for every share they own.
That’s it for today. Be sure to monitor the S&P 500 SPY to gauge the market’s movement. It could be a big red day so be prepared.
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