Top Stocks to Watch Today: Thursday, June 10

Yep, meme stocks are the top stocks to watch today, again…

But it’s not just about GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings, Inc. (NYSE: AMC) anymore…

Any stock running on huge volume with no news is being called a meme stock. Apparently, Redditors are pushing every stock…

And Twitter’s full of arguments about what’s a real meme stock and what isn’t. It doesn’t matter! Don’t get sucked into the drama.

Trade your patterns and the price action only. These stocks are super volatile and can crash FAST…

That’s why I won’t chase any of them. And you won’t hear me say “HODL!” or “To the moon!”

Today’s watchlist is all about dip buys.

Here are the top 10 stocks to watch today… 

10 Stocks to Watch for Thursday, June 10, 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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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: Clover Health Investments, Corp. (NASDAQ: CLOV)

CLOV is a healthcare insurance company.

It’s running as the next meme and Reddit stock pick. Yesterday the company announced contract news which added to the huge gap up.

It climbed from roughly $9.50 to a high of $28.85 in three days. After the high yesterday morning, the stock panicked and faded. I’m watching for a morning panic dip-buy opportunity only.

 

Stocks to Watch Today #2: SPI Energy Co., Ltd. (NASDAQ: SPI)

SPI is a solar company. Its wholly-owned subsidiary, Phoenix Motorcars, designs and develops electric vehicles (EV) and chargers.

Yesterday, Phoenix Motorcars announced the start of production on its third-generation drivetrain products.

The stock had a huge gap up and traded higher than average volume following the news. But it faded throughout the day. Traders can watch for a dip-buy opportunity into a big intraday panic.

 

Stocks to Watch Today #3: Clean Energy Fuels Corp. (NASDAQ: CLNE)

CLNE is an oil and gas company. It supplies renewable natural gas as an alternative fuel for fleet vehicles.

It’s another stock caught up in the meme stock rally. Yesterday it had a huge gap up and a multi-day breakout. But, like the others, it faded throughout the day.

But it held support around the breakout level of $11.30. If it holds support again or gaps up, traders can watch for a potential bounce to the upside.

 

Stocks to Watch Today #4: ContextLogic Inc. (NASDAQ: WISH)

WISH operates an online marketplace. And yep, it’s another meme stock.

It saw huge gains on Tuesday. But like the others, it faded yesterday after having a huge gap up. When the Reddit traders started pushing this one, it was trading near its all-time lows. There’s likely a lot of bagholders that will sell into spikes.

I wouldn’t chase it. Traders can watch for a dip-buy opportunity into a big panic.

 

Stocks to Watch Today #5: Aethlon Medical, Inc. (NASDAQ: AEMD)

AEMD develops potential treatments for organ-threatening diseases.

Yesterday it traded huge volume and had a massive gap up. It’s apparently a delayed reaction to the news the company announced last week…

On June 3, the company published two case studies of COVID-19 patients treated with the company’s Hemopurifier®.

Read the full press release here.

The move was likely part of a giant short squeeze. It has a relatively low float of around 12 million shares. But again, I wouldn’t chase it. Traders can watch for a dip buy into a big panic.

 

Stocks to Watch Today #6: Antelope Enterprise Holdings Limited (NASDAQ: AEHL)

AEHL is a Chinese building supply company.

It’s another stock targeted by Reddit traders for a giant short squeeze. It also has a low float of around three million shares.

There’s no recent news on the company. It’s another one I’m watching for a panic dip-buy opportunity only.

 

Stocks to Watch Today #7: American Software, Inc. (NASDAQ: AMSWA)

AMSWA develops software solutions for businesses.

The company announced fourth-quarter and fiscal year financial results on Tuesday after hours.

The stock broke out yesterday and had a big green day. Traders can watch for a potential continuation higher.

 

Stocks to Watch Today #8: SemiLEDs Corporation (NASDAQ: LEDS)

LEDS is a tech company that develops LED chips, components, and modules.

There’s no recent news on the company, but the stock’s a recent runner. It had a massive short squeeze due to its low float of under one million shares.

It had a big red day so it could be heading downward. I’m watching for potential dip buys into any big morning panics.

 

Stocks to Watch Today #9: Root, Inc. (NASDAQ: ROOT)

ROOT is an insurance provider. It’s also a recent IPO.

On June 7 it announced new additions to its leadership team.

The stock has an ugly long-term chart. Traders can watch for a dip buy into a big panic.

 

Stocks to Watch Today #10: The GEO Group, Inc. (NYSE: GEO)

GEO is a real estate investment trust (REIT).

It’s another stock targeted by Reddit traders as a potential short squeeze. It had a massive gap up yesterday — from $8 to $11 on high volume. Again, this one’s on watch for a panic dip-buy opportunity.

 

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.

penny stock checklist

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!

Disclaimers

*Please note that these kinds of trading results are not typical and do not reflect the experience of the majority of individuals using our products. 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. This figure is taken from tracking user accounts on Profit.ly, a trading community platform. It takes years of dedication, hard work, and discipline to learn how to trade. Individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

**Tim Sykes has a minority ownership stake in StockstoTrade.com.

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