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Top Stocks to Watch Today: Tuesday, February 2

My list of stocks to watch today is a mixed bag.

If you saw my stocks to watch list on Friday, you know it was full of mining and energy stocks to watch. That trend is continuing this week. Now we’ve seen silver mining stocks join the momentum as the commodity sees increased interest.

Short squeezes are also a hot topic. Everyone’s trying to find the stocks with the highest short interest to create a squeeze like the famous GameStop Corp. (NYSE: GME) move.

Just remember the hedge funds and banks have way more money than retail traders. Take advantage of opportunities but don’t stick around too long.

Once stock prices are too high and shorts stop buying to cover, there will be fewer buyers to hold up the price.

Now, let’s get to my list of top stocks to watch today…

10 Stocks to Watch for Tuesday, February 2, 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.) 

But you’ll notice that not all of the stocks on this list are technically penny stocks. Even if I rarely trade higher-priced stocks, their movements can still affect stocks within my price range, so they’re worth watching.

Here are my 10 top stocks to watch today…

Stocks to Watch Today #1: Ozop Energy Solutions, Inc. (OTCPK: OZSC)

OZSC has been on my watchlist for a while. It’s been running ever since it released news that its subsidiary would work on developing high-powered EV charging stations through a partnership with another company.

I made over $27K trading this stock in January.* On Monday the stock gapped up, so I’ll watch for it to continue its momentum and retest its highs.

(*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.)

 

Stocks to Watch Today #2: SOS Limited (NYSE: SOS)

SOS is a tech company in the crypto mining business. The stock has been running with other crypto stocks in sympathy to bitcoin.

A look back at the daily chart shows that this stock rarely holds its highs. I’d aim for singles if I were to trade this stock. I’ll watch for it to break out over the $3.25 level. But only if bitcoin is up trending as well.

 

Stocks to Watch Today #3: American Battery Metals Corporation (OTCQB: ABML)

ABML was on my stocks to watch list on Friday. On Monday it gapped up and had a green day. I’ll watch for it to continue its upward momentum.

Energy and mining stocks have been running. That puts this stock’s in a hot sector and worth watching.

 

Stocks to Watch Today #4: TETRA Technologies, Inc. (NYSE: TTI)

TTI is in the energy sector. On January 29 the company announced the sale of some of its assets and interests in other companies. The stock traded high volume on Friday and hit a high of $1.60.

Its restructuring of finances and debt could be a good move for the company. But I won’t try to predict. I’ll watch for a breakout over the $1.60 high.

 

Stocks to Watch Today #5: Cameco Corporation (NYSE: CCJ)

Cameco is a Canadian uranium company in the energy sector. On Sunday the company released news that it increased its interest in another company.

On Monday the stock was trading high volume and had a multi-month breakout over the $14.80 area. The stock made a high of $15.16 and closed strong. Today, I’ll watch for it to gap up and continue its momentum.

 

Stocks to Watch Today #6: Barrel Energy, Inc. (OTCPK: BRLL)

BRLL is another mining and energy play. It was also on my stocks to watch list on Friday after it had a massive green day with high volume on Thursday.

It had a red day on Monday. Today I’ll watch for a bounce off support and a retest of the 12-cent area. If it gaps down, I’ll watch for a morning panic dip buy opportunity.

 

Stocks to Watch Today #7: Mallinckrodt plc (OTCPK: MNKKQ)

MNKKQ is a biopharmaceutical company. On January 27, it released news that its system for treating graft vs. host disease is approved for use in Japan.

The stock broke out over 50 cents on Monday and closed near its highs. The stock fits my first green day OTC pattern, so I’ll watch for continuation today.

The OTC markets note that this company is in bankruptcy. We’ve seen bankrupt companies with huge runs in the past, but that doesn’t guarantee this will be another one. I always aim for singles and never invest in penny stocks.

 

Stocks to Watch Today #8: Ideanomics, Inc. (NASDAQ: IDEX)

IDEX was running on high volume Monday … but with no news. It’s close to the multi-month breakout level of $4.75.

I’d prefer it had a catalyst, but I’ll still watch this stock for a gap up and break out today.

 

Stocks to Watch Today #9: Fortuna Silver Mines Inc. (NYSE: FSM)

FSM is a silver exploration and extraction company. Silver stocks ran on Monday as part of the Reddit frenzy of buying up highly shorted securities.

FSM has been trading high volume since Thursday but doesn’t seem to hold its highs. But if it can break out above the $9.80 level it would be new all-time highs for the stock and a potentially powerful move. Especially if silver continues its climb.

 

Stocks to Watch Today #10: Sundial Growers Inc. (NASDAQ: SNDL)

SNDL is a marijuana stock to watch. The sector’s seen renewed interest since the Biden administration took over the White House.

This stock is also part of the Reddit attack on Wall Street I mentioned earlier. On Monday, SNDL traded over a billion shares in volume and closed near its highs. I’ll watch for a multi-day breakout over $1.36. It could create a giant short squeeze.

 

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.)

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

Frequently Asked Questions About Stocks to Watch Today

How Can Beginners Trade Penny Stocks?

I recommend every new trader starts building a knowledge account before trading. Study everything you can, watch the market in real time, and paper trade before you risk your hard-earned cash.

What Should I Look for When Buying Penny Stocks?

I look for penny stocks that are spiking on news. And I like stocks that have high volume so I can trade in and out quickly.

How Do I Find Penny Stocks Under $1?

I use StocksToTrade scanners to find penny stocks under $1. You can use one of its 40+ built-in scans or customize your own based on your trading criteria.

Conclusion

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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