Below is a list of stocks to buy on Friday. These stocks are active and have the potential to break out this week. For more in-depth ideas, join my trading group -
Stock Picks Group
Check out my Stock Picks for 2016 -
Stocks to Buy 2016 -
Penny Stocks Picks 2016
Biotech Bear 3x (LABD) - LABD is one of the top stocks in 2016, Up over 120%.
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Facebook (FB) - Facebook (FB) exploded higher after strong earnings on Wednesday night. FB will now have resistance up at $111 going forward.
Amazon (AMZN) - Amazon (AMZN) is expected to report earnings Thursday night so expect big price movement on Friday.
Small Cap Bull 3x (TNA) - TNA has rebounded about 20% off the low recently and is now pulling back. Expect wild $5-$10 swings up and down in 2016 as these types of big moves will be very common this year. Buy TNA when it crashes, sell on the way up. TNA is my top stock to trade in 2016.
ProShares Ultra VIX Short-Term Futures (UVXY) - UVXY is starting to rally again after the S&P 500 appears to have hit a wall around 1900. UVXY is a good ETF to own only when the market is dropping. Sell when it spikes or hold to hedge stock market long ETF's.
Shake Shack (SHAK) - Shake Shack (SHAK) is looking weak again ahead of earnings in a month. Stocks like SHAK don't perform well in a horrible market like this but long term the future is bright.
Twitter (TWTR) - Twitter (TWTR) continues to tank ahead of earnings in a few weeks. All eyes will be on the next earnings report and if they do well, we will see a massive rebound.
Chipotle (CMG) - CMG is now pulling back after a 20% rally off the bottom. CMG remains a buy below $450.
Apple (AAPL) - Apple (AAPL) is back trading near $93 after strong earnings but poor guidance. This stock is a great buy right now and should give you strong returns in 2016. AAPL should hit $115-$120 again in 2016.
Tesla (TSLA) - Tesla (TSLA) is now trading back near $185. TSLA has the potential to really explode if the company can report strong earnings in February.
Keep an eye on LABD & SGOC which are some of the hottest stocks in 2016 above $2.
Top Stock Gainers 2016
Nxt-ID, Inc. (NXTD) is one of the
Top Performing Penny Stocks in 2016 - Also watch CRDC & HH.
Stocks to Watch - 1/29/16
Fairmount Santrol Holdings Inc. (FMSA)
Neos Therapeutics, Inc. (NEOS)
Digital Power Corp. (DPW)
Jones Energy, Inc. (JONE)
Civeo Corporation (CVEO)
Memorial Production Partners LP (MEMP)
Amedica Corporation (AMDA)
MicroStrategy Inc. (MSTR)
VelocityShares 3x Long Crude Oil ETN (UWTI)
Clayton Williams Energy, Inc. (CWEI)
Halcón Resources Corporation (HK)
Independent Bank Group, Inc. (IBTX)
SunCoke Energy Inc. (SXC)
Pacific Drilling S.A. (PACD)
Direxion Daily Nat Gas Rltd Bull 3X ETF (GASL)
Direxion Daily S&P Biotech Bear 3X ETF (LABD)
NeuStar, Inc. (NSR)
Stone Energy Corp. (SGY)
Emerald Oil, Inc. (EOX)
Approach Resources, Inc. (AREX)
GasLog Partners LP (GLOP)
Warren Resources, Inc. (WRES)
