Top Stocks to Watch Today: Thursday, May 6

Earnings winners are the top stocks to watch today. 

Plus short squeezes and news are pushing massive moves in stocks. It’s nice to see some runners back in the market.

But discipline is key when trading these stocks. You must be meticulous with your entries. Never chase.

These volatile stocks can crash hard. We saw a perfect example yesterday with Cocrystal Pharma, Inc. (NASDAQ: COCP).

These companies won’t hesitate to throw a secondary offering at the market. They don’t care about shareholders.

So don’t buy any of the BS news or try to dissect earnings reports. Trade the patterns and price action then move on.

Here are the top 10 stocks to watch today…

10 Stocks to Watch for Thursday, May 6, 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: Regional Health Properties, Inc. (NYSE: RHE)

RHE was on Tuesday’s watchlist for a dip buy into a big panic. It panicked that morning from roughly $12 to $9 and then bounced to $10.40. (Past performance is not indicative of future results.)

Yesterday the stock had a massive morning spike and short squeeze from $10 to $27. This is why I always watch recent runners.

This one was probably heavily shorted. It was up on no news. Even the company acknowledged there was no reason for the stock to be up in a Form 8-K filed on April 30.

The stock has an extremely low float of roughly 1.5 million shares. Traders can watch for a dip-buy opportunity into a big panic. But be warned — it’s extremely volatile due to its low float.


Stocks to Watch Today #2: Mudrick Capital Acquisition Corporation II (MUDS)

MUDS is a special purpose acquisition company (SPAC). On April 6 it announced it will take Topps Co Inc. public. There’s no completion date in the announcement, but when the merger’s complete it will trade on the Nasdaq under the ticker TOPP.

“Known for its sports trading cards, 80-year-old Topps is looking to increase its presence in the e-commerce and digital apps industry through blockchain technology or non-fungible token (NFT)-based initiatives.”

Read the press release here.

Yesterday MUDS broke out over $17.85 to new all-time highs but it couldn’t hold its highs. Traders can watch for dip-buying opportunities.


Stocks to Watch Today #3: Under Armour, Inc. (NYSE: UA)

On Tuesday, Under Armour, Inc. announced first-quarter earnings. Yesterday, analysts upgraded the stock and increased price targets.

The stock gapped up following the analysts’ upgrades and broke out over $20.30. Traders can watch for continued upside.


Stocks to Watch Today #4: MRC Global Inc. (NYSE: MRC)

MRC supplies the oil and gas industry with fittings and valves. It announced first-quarter earnings in after-hours on April 27. The stock gapped down the following day but has clawed its way back up.

Yesterday it had a multi-month breakout over $10. Traders can watch for a dip-buy opportunity.


Stocks to Watch Today #5: Clovis Oncology, Inc. (NASDAQ: CLVS)

CLVS reported first-quarter earnings yesterday in premarket. The stock gapped down but had a morning spike at the open.

It had its first green day following the news. Traders can watch for continued upside.


Stocks to Watch Today #6: Caesarstone Ltd. (NASDAQ: CSTE)

Caesarstone Ltd. is another company that announced first-quarter earnings in premarket yesterday.

The stock gapped up and had a huge move from $15 to almost $20 but it couldn’t hold its highs. Traders can watch for a dip-buy opportunity into a big panic.


Stocks to Watch Today #7: Nemaura Medical Inc. (NASDAQ: NMRD)

NMRD develops medical devices. Its sugarBEAT® device is a glucose monitoring device for Type 1 and Type 2 diabetics.

Yesterday the company announced it received “a purchase order for 5,000 sugarBEAT® transmitters and 200,000 sugarBEAT® sensors from its U.K. licensee, DB Ethitronix Ltd, with an additional rolling monthly purchase order forecast for the next 24 months of 15,000 transmitters and 2.1 million sensors, with an option to increase volumes based on customer response.”

Read the full press release here.

The stock had a slow reaction to the news yesterday morning. But volume came in after it was halted. In the afternoon it had a short squeeze from roughly $7 to $11.88.

It’s a former runner with a low float of fewer than 10 million shares. Traders can watch for a dip-buy opportunity and potential bounce.


Stocks to Watch Today #8: Big 5 Sporting Goods Corporation (NASDAQ: BGFV)

BGFV announced first-quarter earnings in after-hours on Tuesday.

The stock gapped up and broke out over $20 on higher than average volume. It’s close to resistance around $25. Traders can watch for a dip buy opportunity into a big panic.


Stocks to Watch Today #9: XP Inc. (NASDAQ: XP)

Yep, another stock moving on earnings. XP released its first-quarter earnings on Tuesday in after-hours. Yesterday it gapped up and had its first green day on high volume.

Traders can watch for a dip-buy opportunity and continued upside.


Stocks to Watch Today #10: Athenex, Inc. (NASDAQ: ATNX)

ATNX is a drug manufacturer that focuses on drugs for the treatment of cancer.

Yesterday it announced it will acquire Kuur Therapeutics, a developer of cell immunotherapies for the treatment of solid and hematological malignancies.

“Athenex will pay $70 million upfront to Kuur shareholders and certain of its former employees and directors, comprised primarily of equity in Athenex common stock.

“Additionally, they are eligible to receive up to $115 million of milestone payments, which may be paid, at Athenex’s sole discretion, in either cash or additional Athenex common stock (or a combination of both).”

Read the full press release here.

The stock gapped up and had a morning spike but faded in the afternoon. Traders can watch for a dip-buy opportunity into a big panic.


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!


*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, 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.

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