Here are some names on my radar as we head into summer of ’21. We’ll start with $ABNB, a current position of mine, as hotel prices across the globe skyrocket on crazy post-covid demand. $ABNB has to be killing it right now, and has a downright monopoly on their niche travel market. We the recent pullback in growth stocks, you are getting this one near its IPO opening price. Technicals also look good to go here so long as price holds $141:
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We’ll stick with the travel theme for our next pick, $TRIP. Right before the major pullback in the market, $TRIP was heating up on news of their new subscription travel model and was gaining momentum trading through $60/share. Fast forward a few months, we got our dip and the travel market is hotter than ever. With positive price movement accompanied by volume, watch for a breakout here:
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Next up is another growth name that has been absolutely crushed. I even named this ticker my stock of the year for 2021, this ticker is $BIGC. If growth names start to pick up, watch a move off the $60 level, we have a thin pockets above that needs to be filled at $68:
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How about a SPAC for our next selection? This is a ticker that I have both in my swing portfolio and in my long term account. I remember the impulse move the stock made when news hit on which company this SPAC would merge with, I even wrote a note on the chart to buy the next dip. Well, here is the dip for $FTOC, aka Payoneer, and the merger date is in a few short weeks. We are basically on the floor here, any dips this week are to be bought (talking to myself):
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And, I’ll leave with two final recent iPOs to watch. If Bitcoin can continue to move higher from here and drag the crypto space along with it, $COIN seems like a value play down here (Big IF though):
And, PATH, a new Cathie Wood darling (not sure if that is a good thing anymore). This new software iPO, which make software robots so people don’t have to be robots, looks just about ready for primetime if we can break this recent downtrend. I have it as one of my top watching into the week:
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Let’s keep any eye on these. See you guys tomorrow at the open…
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