Last week’s theme for the top stock to watch today continues…
Earnings winners!
When it’s earnings season, you MUST pay attention to earnings winners. These catalysts can create massive spikes…
The stocks on today’s watchlist are proof of the potential volatility — I’m talking about stocks gaining 180%!
But to take advantage of these moves, you can’t buy randomly. You MUST have a trading plan. And everyone’s trading plan can look different. You might like to buy dips, while others might like breakouts…
The important thing is to know what works for YOU. Then, focus on the right stocks like my top 7 stocks to watch today. Let’s get to it!
1:56am study check, retweet/favorite this if you’re still up studying, reviewing your @StocksToTrade scans or working on your watchlist for tomorrow…preparation ahead of time isn’t fun, but it’s key to getting the results that allows you to have SO MUCH MORE FUN IN THE LONG RUN!
— Timothy Sykes (@timothysykes) August 3, 2021
7 Stocks to Watch for Thursday, August 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:
- 13 Stock Chart Patterns You Should Know: A Complete Guide
- 5 Day Trading Strategies You Need To Know
- Trading Plan: How to Create One in 2021 (Step by Step)
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…
Get the Stocks I’m Watching Delivered to Your Inbox
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:
- 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 7 top stocks to watch today…
Stocks to Watch Today #1: BeyondSpring Inc. (NASDAQ: BYSI)
BYSI is a biotech company that develops immuno-oncology cancer therapies.
On August 4 the company announced positive Phase 3 trial results for its treatment in small cell lung cancer when combined with docetaxel.
“The data released today showed that compared to docetaxel alone, the combination met the primary endpoint of increasing overall survival (mean OS, p = 0.03; OS log rank, p <0.04) and met key secondary endpoints, including significantly improving ORR, PFS and 24- and 36-month OS rates, and significant reduction in the incidence of Grade 4 neutropenia.”
Read the full press release here.
The stock was up over 180% after the news. It gapped up from $9.63 and made a high of $46.60 in premarket. It opened at $28.10 and made a high of $28.74 before fading to a low of $20.57. The stock consolidated in a range throughout the day.
Watch for a potential break out or break down, then plan a trade based on your patterns and strategies.
Stocks to Watch Today #2: eXp World Holdings, Inc. (NASDAQ: EXPI)
EXPI is a cloud-based real estate brokerage.
The company announced second-quarter financial results with $1 billion in revenue on August 4. It also announced a cash dividend.
The stock gapped up from $34.77 to open at $41.49. It continued to climb and made a high of $47.57. It closed near its highs. Traders can watch for more potential upside.
Stocks to Watch Today #3: Cerus Corporation (NASDAQ: CERS)
CERS is another biotech. It develops a blood system technology to reduce bloodborne pathogens in donated blood components intended for transfusion.
In after-hours on August 3, the company announced record second-quarter financial results. And on August 4 it appointed a new member to its board of directors.
The stock gapped up after the news and held up nicely. Traders can watch for a multi-month breakout over $6.50.
Stocks to Watch Today #4: Novavax, Inc. (NASDAQ: NVAX)
Yep, another biotech company. NVAX focuses on developing vaccines. It’s a higher-priced stock but had a big move on news…
The company announced an agreement with the European Commission for the purchase of up to 200 million COVID-19 vaccines on August 4.
Read the full press release here.
It gapped up and spiked after the news. It’s close to a multi-month breakout level around $231. Traders can watch for the breakout.
Stocks to Watch Today #5: Bit Digital, Inc. (NASDAQ: BTBT)
BTBT is a bitcoin mining company. It returns to the watchlist from last week as it continues to climb. It was on watch for a breakout over $9.50 last week, now it’s trading around $12. (Past performance is not indicative of future results.)
The stock’s move is in sympathy to sector leader bitcoin’s climb to $40,000. Bitcoin’s consolidating near that level at writing.
Traders can watch for BTBT to follow the sector leader and plan trades accordingly.
Stocks to Watch Today #6: Global Blood Therapeutics, Inc. (NASDAQ: GBT)
GBT develops a sickle cell disease (SCD) treatment. It’s another hot biotech moving on news…
The stock spiked on August 4 after the company released second-quarter financial results.
It gapped up from $26.89 to $31.80 and made a high of $32.70. It traded sideways the rest of the day.
Traders can watch for the stock to break above $32.70 for more potential upside. But if it breaks down, watch for a panic dip-buy opportunity. It’s not a highly volatile stock, so swing for singles with this one.
Stocks to Watch Today #7: The GEO Group, Inc. (NYSE: GEO)
GEO’s a real estate investment trust (REIT) that operates prisons and rehabilitation centers.
Yep, it’s another stock moving on earnings. On August 4 the company announced second-quarter financials and increased its full-year guidance.
The stock was up 10% after the news. It’s a former spiker. Traders can watch for more potential upside, but I’d like to see it trade more volume for a big move.
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!
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!
**Tim Sykes has a minority ownership stake in StockstoTrade.com.
*Tim Sykes’ trading results are not typical and do not reflect the experience of the majority of individuals using the services and products offered on this website. From January 1, 2020, to December 31, 2020, typical users of the products and services offered by this website reported earning, on average, an estimated $49.91 in profit.
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