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Top Stocks to Watch Today: Friday, March 5

It’s an energy stock comeback on the top stocks to watch today. 

Oil and gas stocks are on the move as crude oil prices spiked yesterday.

But what’s hot one day might be cold as ice the next … Just look at the OTC market. It’s been hot for months. But as soon as the SEC suspended a few stocks, it cooled off FAST.

As a trader, you have to recognize changes in the market. It’s your job to follow the opportunities — the volume, hype, and news. Just NEVER believe it.

Trade the pattern and strategies, then move on.

It’s more important than ever to protect your capital. Cash is a good position to be in too. You don’t have to be in every stock or trade every day.

Stay safe and be meticulous with your trading plans — especially in this ugly market.

Here’s my list of the top 10 stocks to watch today…

10 Stocks to Watch for Friday, March 5, 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:

If you’ve been following my blog and lessons, you know I love to trade low-priced stocks. (To learn more about trading penny stocks, get my FREE guide here.) 

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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Need more stocks to watch? Subscribe to my weekly watchlist and I’ll deliver the stocks I’m watching every week right to your inbox.

👉🏼 SUBSCRIBE to my no-cost weekly stock watchlist here.

For even more stocks to watch, check out these blog posts that I update weekly:

Now, here are 10 top stocks to watch today…

Stocks to Watch Today #1: Amyris, Inc. (NASDAQ: AMRS)

AMRS reported fourth-quarter earnings on Tuesday. The stock had a big move and breakout over $18.57. It has since retreated but found support around $15.50.

It held up well and is still trading higher than average volume. Traders can watch for a potential bounce, depending on the overall markets.

 

Stocks to Watch Today #2: Talos Energy Inc. (NYSE: TALO)

TALO is an oil and gas company. Oil and gas stocks spiked yesterday as crude oil prices increased.

The stock had a breakout over $11.66. Traders can watch for a breakout over yesterday’s high of $12.71. But the stock will follow in sympathy to crude oil, so watch the sector leader.

 

Stocks to Watch Today #3: MagnaChip Semiconductor Corporation (NYSE: MX)

MX was on yesterday’s watchlist for continued upside momentum after making new 52-week highs.

It broke out yesterday and made a high of $22.50. Traders can watch for a breakout over yesterday’s high and a test of the all-time high of $23.89.

(Disclaimer: Past performance is not indicative of future returns.)

 

Stocks to Watch Today #4: Super League Gaming, Inc. (NASDAQ: SLGG)

SLGG is running after an analyst began coverage with a buy rating. The stock was trading insane volume yesterday and spiked over 60%.

Traders can watch for a morning panic dip buy opportunity.

 

Stocks to Watch Today #5: Veritiv Corporation (NASDAQ: VRTV)

On Wednesday, VRTV released its fourth-quarter earnings. It also announced a plan to buy back $50 million worth of shares. But the press release doesn’t mention when or at what price the company will buy.

The stock moved big following the announcements and held up well. It has a low float of around 10 million shares and could have a quick short squeeze. Traders can watch for a potential bounce back to the highs.

 

Stocks to Watch Today #6: Rimini Street, Inc. (NASDAQ: RMNI)

RMNI is a software tech company. It announced fourth-quarter earnings in after-hours Wednesday.

Yesterday, it announced that the largest county in England will now use Rimini Street support. The stock traded higher than average volume and briefly hit new all-time highs.

Traders can watch for a breakout over yesterday’s high of $10.70.

 

Stocks to Watch Today #7: Marathon Oil Corporation (NYSE: MRO)

MRO is another oil and gas company spiking in sympathy to crude oil. Yesterday the stock had a multi-day breakout over $12.30.

Traders can watch for continued upside. But watch crude oil prices for direction.

 

Stocks to Watch Today #8: Patterson-UTI Energy, Inc. (NASDAQ: PTEN)

YEP, another oil and gas stock. When a sector’s moving you must be ready to take advantage of the opportunities.

Wednesday, PTEN reported its drilling activity for February. Yesterday, the stock broke out above multi-day highs of $8. Traders can watch for continued sector momentum.

 

Stocks to Watch Today #9: Big Lots, Inc. (NYSE: BIG)

Big Lots, Inc. will report earnings in premarket today.

I never try to predict earnings. Instead, I watch for the market’s reaction. Then I plan a trade if one of my patterns presents itself.

 

Stocks to Watch Today #10: Centennial Resource Development, Inc. (NASDAQ: CDEV)

CDEV was moving yesterday with other oil and gas stocks. The stock had a breakout to new 52-week highs of $5.53. That’s barely over the previous multi-year high of $5.35.

Traders can watch for more upside potential. Again, watch those crude oil prices.

 

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.

I use it every day to find the stocks that fit my strategy — like volatile penny stocks with a catalyst and high volume.

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.

Try a 14-day trial of StocksToTrade with Breaking News Chat for only $17! 

(*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.

I teach the trading process, mindset, strategies, and patterns to help my students find their own way in the markets. If that’s your goal as a trader, apply today.

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! 

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