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 2020 - Stocks to Buy 2020 - Best Penny Stocks 2020
Bitcoin Trust (GBTC) - GBTC continues to see large swings with the price of Bitcoin. Bitcoin failed at $12,400 resistance Tuesday so watch this level closely. The 2020 halving event is 9 months away and we will see Bitcoin surge before and after this event.
Small Cap Bull 3x (TNA) - TNA dropped back to $50 after the stock market took a major dip. TNA is a super strong buy below $50 for a trade and a long term buy and hold.
Papa Johns (PZZA) - Shares of PZZA dropped below $43 with the week stock market. Earnings are due out Tuesday night so expect volatility. I believe Papa Johns will turn around in 2020 but it appears it may not happen in 2019 (hence the stock drop recently).
Tesla (TSLA) - Tesla (TSLA) rallied 45% from the low but is now pulling back after earnings. I remain a believer in Tesla long term but at this point, TNA is a better buy below $70.
Apple (AAPL) - Apple (AAPL) failed near $220 after a strong earnings report. Apple (AAPL) is a strong buy below $190 for the long term.
Amazon (AMZN) - AMZN dropped back below $1,800. AMZN stock is a super strong buy below $1700 for the long term.
Shake Shack (SHAK) - Shake Shack (SHAK) is breaking out again. SHAK is a strong buy below $70 if we ever see another major dip. SHAK is heading to $100 later this year.
Today's Biggest Stock Gainers - Marijuana Stocks 2019
Stocks to Watch - 8/7/19
EverQuote Inc Class (EVER)
Adient PLC (ADNT)
NeoPhotonics Corporation (NPTN)
Invacare Corporation (IVC)
Allakos Inc (ALLK)
Ducommun Incorporated (DCO)
Neurotrope Inc (NTRP)
Insulet Corporation (PODD)
Check out my Stock Picks for 2020 - Stocks to Buy 2020 - Best Penny Stocks 2020
Bitcoin Trust (GBTC) - GBTC continues to see large swings with the price of Bitcoin. Bitcoin failed at $12,400 resistance Tuesday so watch this level closely. The 2020 halving event is 9 months away and we will see Bitcoin surge before and after this event.
Small Cap Bull 3x (TNA) - TNA dropped back to $50 after the stock market took a major dip. TNA is a super strong buy below $50 for a trade and a long term buy and hold.
Papa Johns (PZZA) - Shares of PZZA dropped below $43 with the week stock market. Earnings are due out Tuesday night so expect volatility. I believe Papa Johns will turn around in 2020 but it appears it may not happen in 2019 (hence the stock drop recently).
Tesla (TSLA) - Tesla (TSLA) rallied 45% from the low but is now pulling back after earnings. I remain a believer in Tesla long term but at this point, TNA is a better buy below $70.
Apple (AAPL) - Apple (AAPL) failed near $220 after a strong earnings report. Apple (AAPL) is a strong buy below $190 for the long term.
Amazon (AMZN) - AMZN dropped back below $1,800. AMZN stock is a super strong buy below $1700 for the long term.
Shake Shack (SHAK) - Shake Shack (SHAK) is breaking out again. SHAK is a strong buy below $70 if we ever see another major dip. SHAK is heading to $100 later this year.
Today's Biggest Stock Gainers - Marijuana Stocks 2019
Stocks to Watch - 8/7/19
EverQuote Inc Class (EVER)
Adient PLC (ADNT)
NeoPhotonics Corporation (NPTN)
Invacare Corporation (IVC)
Allakos Inc (ALLK)
Ducommun Incorporated (DCO)
Neurotrope Inc (NTRP)
Insulet Corporation (PODD)
