Due to demand, my ‘stocks to watch today’ posts now focus on higher-priced stocks…
Personally, I love the volatility of penny stocks. But my niche might not work for everyone. And trading’s all about finding the right strategies and patterns that work best for you…
Like penny stocks, higher-priced stocks can move on news, hot sector momentum, earnings, and technical patterns. But they also follow the overall markets more closely, so keep your eyes on the major indices…
Today, oil and gas stocks, biotechs, crypto-mining companies, and SPACs are all on my list.
Here are the top 13 stocks to watch today.
13 Stocks to Watch for Tuesday, February 23, 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
- 8 Day Trading Strategies You Need To Know
- Trading Plan: How to Create One in 2021 (Step by Step)
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:
- 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 13 top stocks to watch today…
Stocks to Watch Today #1: Bitfarms Ltd. (OTCPK: BFARF)
BFARF is a cryptocurrency mining company. On February 18, it announced it increased its previous order of bitcoin miners by 50%. The miners will increase its hash rate by 35%.
The stock had a volatile spike yesterday morning before leveling off. Traders can watch for a breakout over Friday’s high of $7 and a retest of yesterday’s high of $8.50. But keep an eye on the sector leader, bitcoin.
Stocks to Watch Today #2: People’s United Financial, Inc. (NASDAQ: PBCT)
Yesterday, PBCT announced it would be purchased by M&T Bank Corporation (NYSE: MTB). The all-stock deal is worth $7.6 billion. Shareholders will receive 0.118 shares of MTB for every share of PBCT they own.
The stock had a huge gap up on the news. Traders can watch for continued upside.
Stocks to Watch Today #3: SM Energy Company (NYSE: SM)
Yesterday, oil and gas and energy stocks were running due to a spike in the price of crude oil. Goldman Sachs raised its price estimates for crude to $75 per barrel by the third quarter.
Last week, SM announced fourth-quarter earnings. The stock didn’t react well to the news. But yesterday the stock had a huge bounce.
Traders can watch for a multi-day breakout and new 52-week highs over $14.38.
Stocks to Watch Today #4: Taoping Inc. (NASDAQ: TAOP)
On February 19, TAOP announced a consulting agreement with another company. The consultants will help TAOP take advantage of blockchain investment opportunities.
Stocks to Watch Today #5: Rodgers Silicon Valley Acquisition Corp. (NASDAQ: RSVA)
RSVA is a SPAC (special purpose acquisition company). Yesterday, it announced Enovix Corp. will go public through a merger with the company.
Enovix makes 3D silicon lithium-ion batteries. After the merger, the company will trade under the Nasdaq ticker ENVX.
Yesterday, the stock had a huge gap up and traded record high volume. Traders can watch for continued upside.
Stocks to Watch Today #6: Vuzix Corporation (NASDAQ: VUZI)
On February 19, the company announced its smart glasses enabled medical students to gain job-shadowing experience. That was otherwise unavailable due to COVID-19.
Yesterday, the stock had a huge gap up and a multi-day breakout over $18.15.
The company also announced it will participate in Verizon’s upcoming presentation to the U.S. Department of Defense on February 23. Traders can watch for continued momentum to the upside.
Stocks to Watch Today #7: Marathon Oil Corporation (NYSE: MRO)
Yesterday, MRO was moving with other oil and gas stocks following a spike in crude oil prices.
Stocks to Watch Today #8: Churchill Capital Corp IV (NYSE: CCIV)
CCIV is another SPAC. Reports were swirling over its talks with Lucid Motors to go public through a merger with the company.
After-hours yesterday, Lucid confirmed the deal. The stock tanked on the news. It’s a perfect example of a ‘buy the rumor, sell the news’ play.
The stock received a ton of attention leading up to the deal … And Lucid is also led by the former chief engineer of Tesla, Inc. (NASDAQ: TSLA).
Traders can watch for the stock to find support and dip buyers to come in and create a potential bounce.
Stocks to Watch Today #9: Amyris, Inc. (NASDAQ: AMRS)
It had a multi-day breakout over $17.19 and made a new multi-year high of $18.57. Traders can watch for continued upside.
Stocks to Watch Today #10: The Goodyear Tire & Rubber Company (NASDAQ: GT)
Yesterday, GT announced it will purchase rival company Cooper Tire & Rubber Company (NYSE: CTB) for $2.8 billion. The deal increases Goodyear’s exposure in the Chinese market.
Traders can watch for continued upside and a breakout over $17.50. But the stock had a huge move yesterday and could be overextended.
Stocks to Watch Today #11: Hut 8 Mining Corp. (OTCQX: HUTMF)
HUTMF is another cryptocurrency mining stock. Yesterday the company announced it entered into exclusive partnership discussions with an energy company. The partners plan to co-develop an industrial-scale energy generation platform.
The stock had a huge breakout over $8.90 following the news. Traders can watch for a retest of the $13 high.
Stocks to Watch Today #12: Patterson-UTI Energy, Inc. (NASDAQ: PTEN)
PTEN is another oil and gas company. It’s running in sympathy to the increase in crude oil prices.
Yesterday the stock had a breakout over $7.08 before retreating. Traders can watch for continued momentum to the upside if crude oil prices continue to run.
Stocks to Watch Today #13: Aclaris Therapeutics, Inc. (NASDAQ: ACRS)
ACRS is another hot biotech. Yesterday it announced the CEO will present at two upcoming conferences in March.
Midday yesterday there were rumors the company hired investment banks for the potential sale of the company. But there’s no official press release.
Traders can watch for a breakout over $25.50. It could be a ‘buy the rumor, sell the news’ type of play with continued speculation about a potential sale.
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.
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.
(*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.
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!