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Top Stocks to Watch Today: Tuesday, March 30

Some of the top stocks to watch today took a massive hit.

Margin calls created mass selling of a few stocks. A highly-leveraged hedge fund had to sell positions to meet broker margin requirements.

It’s a perfect example of why I don’t want any of my students to use leverage. It’s a dangerous game. If a hedge fund can blow up, so can you.

But the selling pressure could create some dip buy opportunities for smart traders. But you must be cautious in this ugly market. Panic bounces aren’t what they used to be.

Continue to trade safely and adapt to the market. Recognize what’s working and what’s not, then adjust your trading.

Here’s my list of the top 10 stocks to watch today…

10 Stocks to Watch for Tuesday, March 30, 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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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:

Now, here are 10 top stocks to watch today…

Stocks to Watch Today #1: AmpliTech Group, Inc. (NASDAQ: AMPG)

AMPG is a tech and communications company. Yesterday it announced the company’s order backlog reached $2.2 million in the first quarter.

“We are pleased to see the backlog build to this level by the end of the first quarter. This portends the increase in demand and revenues for upcoming quarters.” said CEO Fawad Maqbool.

Read the full press release here.

 

Stocks to Watch Today #2: FreightCar America, Inc. (NASDAQ: RAIL)

RAIL announced fourth-quarter earnings last week. It traded high volume for two days following the announcement.

The giant Suez Canal traffic jam put transportation and supply chain stocks in the news. That could have added to the volume if speculators were looking for alternative shippers to move on the news. Now the once-stuck ship is freed from the canal and volume has faded off in this stock. Traders can watch for dip-buying opportunities.

 

Stocks to Watch Today #3: Houghton Mifflin Harcourt Company (NASDAQ: HMHC)

Yesterday HMHC announced it entered into an agreement to sell its publishing division for $345 million.

Read the full news release here. 

In premarket yesterday the stock hit a high of $9.50 but faded off throughout the day. It failed to hold the breakout level. Traders can watch for a morning panic dip buy opportunity.

 

Stocks to Watch Today #4: ZK International Group Co., Ltd. (NASDAQ: ZKIN)

ZKIN has been moving with other stocks entering the NFT space and was on Friday’s watchlist.

Yesterday Seeking Alpha reported that ZKIN’s subsidiary is “building the Robinhood of Crypto and CFD trading.” Read the full report here.

The stock spiked following the report. Traders can watch the overall sector for direction.

 

Stocks to Watch Today #5: Wah Fu Education Group Limited (NASDAQ: WAFU)

WAFU is a Chinese education company. A few companies in the sector ran on Friday with no news.

Traders can watch for a panic dip buy opportunity.

 

Stocks to Watch Today #6: ViacomCBS Inc. (NASDAQ: VIAC)

VIAC was on the watchlist when it was trading near $100. I noted that the chart looked like a penny stock pump. Since then the company did an offering.

But the reason for the most recent tank in the price is due to institutional selling. The hedge fund Archegos Capital Management was highly leveraged, which forced brokers to make margin calls. The fund had to sell its positions to meet the margin requirement.

As I mentioned above, it’s a perfect example of why I always warn students to NEVER use leverage.

Traders can watch for dip-buying opportunities.

 

Stocks to Watch Today #7: Elite Education Group International Limited (NASDAQ: EEIQ)

EEIQ is another Chinese education and training company. It ran from $15 to $35 on Friday and is a recent IPO.

These stocks are too choppy for me. I’m only interested in big panic dip buy opportunities.

 

Stocks to Watch Today #8: Discovery, Inc. (NASDAQ: DISCA)

DISCA is another stock affected by the Archegos hedge fund blow-up.

The stock’s down from institutional selling pressure. Traders can watch for dip-buying opportunities.

 

Stocks to Watch Today #9: Humanigen, Inc. (NASDAQ: HGEN)

HGEN is in the hot biotech sector. Yesterday the company released positive Phase 3 trial results.

The company CEO said, “The results from our Phase 3 clinical trial with lenzilumab treatment were associated with better outcomes in hospitalized hypoxic COVID-19 patients who had not yet progressed to the point of requiring IMV.”

Read the full press release here.

The stock had a big gap up and spike following the news. But after hours the company was quick to announce a public offering of five million shares.

 

Stocks to Watch Today #10: WISeKey International Holding AG (NASDAQ: WKEY)

Yesterday WKEY announced the first-ever NFT online auction of a luxury watch. The auction will take place tomorrow.

Read the full press release here.

I prefer to dip buy big panics only. But traders can also watch for a breakout over resistance in the $20 range.

 

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! 

(*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.

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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