Below is a list of stocks to watch on Wednesday. These stocks are active and have the potential to break out this week.
Check out my Stock Picks for 2017 - Stocks to Buy 2018 - Best Penny Stocks 2018
Tesla (TSLA) - Tesla (TSLA) is selling off ahead of Q3 earnings which could provide a nice bounce if the report isn't a disaster. The next three months of trading will be decided based on Tesla's earnings report next week. A big miss could cause shares to trade between $285-$300. A nice beat and raise will cause the stock to rally back to $360-$370.
Tesla is the next Apple so all major pullbacks remain a buy, especially below $300. Tesla (TSLA) will now face heavy resistance around $360.
Intrexon (XON) - Intrexon (XON) continues to see wild swings. XON has been mentioned as the stock of the decade by early AMZN investor Bill Miller. XON is a strong buy below $17. TSLA was also mentioned as the stock of the decade.
Apple (AAPL) - Apple (AAPL) has been holding steady ahead of earnings this week. I still view this stock as a strong sell above $150 because I feel there are better buys out there. The size of the company greatly limits upside potential.
Amazon (AMZN) - Shares of AMZN popped 10% after a big earnings beat. AMZN will have support $1025-$1050 if we see a pullback.
Small Cap Bull 3x (TNA) - TNA is trading around $66 but is up 100% since the election. I like shares in the $40's for the long term.
Shake Shack (SHAK) - Shake Shack (SHAK) continues to shine into Q3 earnings. SHAK is a great long term stock to buy below $30!
Chipotle (CMG) - Chipotle (CMG) tanked below $300 after earnings. I view shares as a strong buy down below $300 but I'd rather own TSLA.
Check out my Stock Picks for 2017 - Stocks to Buy 2018 - Good Stocks 2018
Stocks to Watch - 11/1/17
MarineMax (HZO)
Airmedia Group (AMCN)
Trex Company (TREX)
Payment Data Systems (PYDS)
Sterling Construction (STRL)
Harmonic (HLIT)
Simpson Manufacturing (SSD)
Check out my Stock Picks for 2017 - Stocks to Buy 2018 - Best Penny Stocks 2018
Tesla (TSLA) - Tesla (TSLA) is selling off ahead of Q3 earnings which could provide a nice bounce if the report isn't a disaster. The next three months of trading will be decided based on Tesla's earnings report next week. A big miss could cause shares to trade between $285-$300. A nice beat and raise will cause the stock to rally back to $360-$370.
Tesla is the next Apple so all major pullbacks remain a buy, especially below $300. Tesla (TSLA) will now face heavy resistance around $360.
Intrexon (XON) - Intrexon (XON) continues to see wild swings. XON has been mentioned as the stock of the decade by early AMZN investor Bill Miller. XON is a strong buy below $17. TSLA was also mentioned as the stock of the decade.
Apple (AAPL) - Apple (AAPL) has been holding steady ahead of earnings this week. I still view this stock as a strong sell above $150 because I feel there are better buys out there. The size of the company greatly limits upside potential.
Amazon (AMZN) - Shares of AMZN popped 10% after a big earnings beat. AMZN will have support $1025-$1050 if we see a pullback.
Small Cap Bull 3x (TNA) - TNA is trading around $66 but is up 100% since the election. I like shares in the $40's for the long term.
Shake Shack (SHAK) - Shake Shack (SHAK) continues to shine into Q3 earnings. SHAK is a great long term stock to buy below $30!
Chipotle (CMG) - Chipotle (CMG) tanked below $300 after earnings. I view shares as a strong buy down below $300 but I'd rather own TSLA.
Check out my Stock Picks for 2017 - Stocks to Buy 2018 - Good Stocks 2018
Stocks to Watch - 11/1/17
MarineMax (HZO)
Airmedia Group (AMCN)
Trex Company (TREX)
Payment Data Systems (PYDS)
Sterling Construction (STRL)
Harmonic (HLIT)
Simpson Manufacturing (SSD)
