SPAC mergers, earnings, partnerships, acquisitions, and a case of mistaken identity — that’s all moving the stocks to watch today.
Also on today’s list, a few companies teaming up to work together. But don’t get confused. Business and trading are not team sports. It’s you vs. you and everyone else…
Whether it’s business or trading — everyone’s looking for an edge.
So what sets you apart? For me and what I teach in my Trading Challenge, it’s taking advantage of penny stock promotion and hype. I put in hard work to prepare while others listen to BS promoters and buy and hold.
But with higher-priced stocks, the competition may not be quite the same…
So before you trade ANY stock, make sure you have a plan and a strategy. It should include a risk management strategy like cutting losses quickly.
That’s how you can avoid getting crushed.
Here’s my list of the top 10 stocks to watch today. Trade safe!
10 Stocks to Watch for Friday, April 9, 2021
Remember, this is a watchlist, not a ‘must trade’ list. I’m not always right, and I don’t trade everything I watch. That’s why you should never blindly follow or buy anyone’s stock picks — even mine.
But there’s always something you can learn.
Watch out for patterns that fit your strategy. Always have a trading plan for every trade. Here are some resources to help you get started:
- 13 Stock Chart Patterns You Should Know: A Complete Guide
- 8 Day Trading Strategies You Need To Know
- Trading Plan: How to Create One in 2021 (Step by Step)
The stocks on this list aren’t penny stocks. Even if I rarely trade higher-priced stocks, their movements can still affect stocks within my price range. So to me, they’re worth watching.
If you want to know which penny stocks I’m watching…
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For even more stocks to watch, check out these blog posts that I update weekly:
- Get my weekly top penny stocks list here.
- Want to trade a specific sector? Check out my biotech penny stocks watchlist here.
Now, here are 10 top stocks to watch today…
Stocks to Watch Today #1: Seelos Therapeutics, Inc. (NASDAQ: SEEL)
SEEL is a biotech company that’s developing an intranasal treatment for depression, PTSD, and suicidality. It announced a strategic partnership on Tuesday with AptarGroup, Inc. (NYSE: ATR).
SEEL will use Aptar Pharma’s Bidose (BDS) liquid system device for delivery of its potential intranasal treatment.
Seelos chairman and CEO, Raj Mehra Ph.D. said “Aptar is a world-class organization and has been an integral partner for our intranasal ketamine program since our inception. This partnership strengthens the collaboration between Seelos and Aptar, and further protects the SLS-002 franchise.”
Traders can watch for a multi-day breakout over $6.16.
Stocks to Watch Today #2: Galaxy Digital Holdings Ltd. (OTCPK: BRPHF)
BRPHF is a financial services company that offers blockchain and crypto services like trading, mining, borrowing, and lending.
Traders can watch for a breakout over $25.77. This is a bitcoin sympathy play, so keep an eye on sector-leader BTC.
Stocks to Watch Today #3: Fintech Acquisition Corp. V (NASDAQ: FTCV)
FTCV is a special purpose acquisition company (SPAC) that will bring eToro — a social investment platform — public through a merger. The merger is expected to close in the third quarter of this year.
eToro CEO Yoni Assia said, “We created a new category of wealth management – social investing – and we are dominating the market as evidenced by our rapid expansion.”
eToro is a direct competitor of Robinhood. The stock has had two big green days. It could be running as a sympathy play to the upcoming IPO of crypto exchange, Coinbase. Traders can watch for continuation and re-test of the recent high of $15.70.
Stocks to Watch Today #4: Prometheus Biosciences, Inc. (NASDAQ: RXDX)
Traders can watch for a gap up and continuation, ideally with more volume or a catalyst.
Stocks to Watch Today #5: Recon Technology, Ltd. (NASDAQ: RCON)
Yesterday RCON announced its subsidiary entered a cooperation agreement to create a car owner membership program in China.
The stock has already had three big green days. But it’s a former runner so it has the potential to continue upward.
Stocks to Watch Today #6: SMART Global Holdings, Inc. (NASDAQ: SGH)
SGH announced second-quarter earnings on Tuesday. Wednesday the stock had a huge breakout over $50. Yesterday the stock consolidated.
Traders can watch for a break above yesterday’s high of $56.37 and a breakout to new all-time highs over $56.69.
Stocks to Watch Today #7: PAR Technology Corporation (NYSE: PAR)
PAR is a tech company specializing in point of sale (POS) systems. Yesterday it announced it will acquire loyalty provider Punchh Inc. for $500 million.
PAR’s president and CEO Savneet Singh said, “In our view, Punchh is the pre-eminent loyalty and CRM SaaS provider to enterprise restaurants. They boast a blue-chip roster of customers, industry-leading growth, 100%+ net dollar retention and very high customer NPS scores.
“Punchh’s highly experienced team are among the industry’s best – we’re beyond excited to have them join us on our ambitious journey.”
The stock has a catalyst, volume, and it closed near its highs. We’ll see if it will follow one of my favorite penny stock patterns — the first green day. But watch resistance near $80.
Stocks to Watch Today #8: Vericity, Inc. (NASDAQ: VERY)
VERY is another financial company, but it’s in the insurance sector. The stock had a huge move yesterday with no news. The move seems to be due to a case of mistaken identity.
Traders can watch for a morning panic as more people realize they bought the wrong stock.
Stocks to Watch Today #9: Rice Acquisition Corp. (NYSE: RICE)
RICE is another SPAC. Wednesday in after-hours it announced “an agreement to enter into a business combination with Aria Energy LLC (‘Aria’) and Archaea Energy LLC (‘Archaea LLC’), which will create the industry-leading renewable natural gas (‘RNG’) platform.”
The business combination will complete in late 2021 and the new company will trade under the NYSE ticker LFG.
Stocks to Watch Today #10: Blink Charging Co. (NASDAQ: BLNK)
BLNK moved higher yesterday after the company announced 42 of its charging stations will be installed across New York.
The stock traded high volume with a catalyst and closed near its highs. Traders can watch for a potential gap up and continuation to the upside.
How I Find Stocks to Trade
There’s no big secret behind how I find stocks to trade. I always tell students to look at the biggest percent gainers on StocksToTrade.
Full disclosure: I helped develop StocksToTrade. I also invested in it. I wanted a tool to help me search specifically for the low-priced stocks I love to trade. I’m proud of it, and I truly believe this platform offers the top tools for traders to find and research stocks of any price.
STT has built-in watchlists, scans, beautiful charts, and all the indicators active traders need. It also has a social media feed and a news feed. And it includes broker integration so you can trade right from the platform.
And I credit the StocksToTrade Breaking News Chat feature for a huge portion of my over $1.1 million in profits in 2020.* The guys who run this service crank out breaking news FAST.
(*Please note: My results are far from typical. Individual results will vary. Most traders lose money. I have the benefit of years of hard work, dedication, and experience. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.)
Frequently Asked Questions About Stocks to Watch Today
What Are the Best Stocks to Trade as a Beginner?
My favorite stocks to trade are penny stocks. I think they’re a great way for beginners to learn the trading process with a small account.
Can You Get Rich Trading Stocks?
Don’t come into trading with a get-rich-quick mindset. Trading is a marathon, not a sprint. It can be a lucrative career but it takes years of hard work and dedication to learn the nuances of the market — which is what I teach.
How Much Money Do You Need To Start Trading Stocks?
Only start trading with money you can afford to lose. You can start small. In fact, I teach traders to focus on education first to learn the process, then slowly scale up over time.
Is Trading Stocks Risky?
All trading is risky. No trader is right 100% of the time. That’s why I keep my losses small by cutting losses quickly.
Conclusion About Top Stocks to Watch Today
Remember to only use this list of stocks to watch as a guide. Dig deeper into why these stocks are on my watchlist. Use all my trading resources to build your trading education.
I want you to become self-sufficient.
I’m just training wheels. And I’ve had the privilege of working with many top traders in my Trading Challenge. It’s a proud moment for me when they prove they don’t need me anymore. They take my lessons and strategies and make them their own.
If you want to get the same education as those top traders, apply for my Trading Challenge. I don’t accept everyone. Honestly, I don’t have time for anyone who only wants to be spoon-fed ‘hot’ stock picks.
What do you think about these top stocks to watch today? Do you see potential trades? Let me know in the comments … I’d love to hear from you!