Momentum continues with the earnings winners and recent runners on today’s top stocks to watch.
Choppy, higher-priced stocks are some of the biggest winners in the market recently.
And one of my top students, Jack S. (No7 in the Challenge chat), has been killing it on these plays.* (See all his trades on Profit.ly, here.)
That’s why I always tell students to trade the stocks and patterns that make the most sense to them.
You don’t have to trade penny stocks to find success as a trader. But you do have to work to find consistency in whatever strategy works best for you.
And for me, it’s trading volatile stocks that are big percent gainers. I don’t care if they’re first-day gainers with news or recent multi-day runners. I want to take advantage of big meaty moves.
And some of these recent runners prove that higher-priced stocks can be just as volatile as penny stocks…
So prepare your watchlist in advance with these top 10 stocks to watch today. Then, pick the stocks with the best odds for you…
12:58am study check, retweet/favorite this if you’re up studying or making your watchlist or better yet, if you’ve already studied or made your watchlist. Prepare, prepare, prepare, I cannot say it enough & sadly most people don’t take the time to do it (aka why most people lose)
— Timothy Sykes (@timothysykes) May 10, 2021
10 Stocks to Watch for Tuesday, May 11, 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
- 5 Day Trading Strategies You Need To Know
- Trading Plan: How to Create One in 2021 (Step by Step)
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…
Get the Stocks I’m Watching Delivered to Your Inbox
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:
- 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 10 top stocks to watch today…
Stocks to Watch Today #1: Energy Focus, Inc. (NASDAQ: EFOI)
EFOI is a lighting company in the consumer cyclical sector. It also has a low float of fewer than three million shares. If you keep up with this watchlist you know that low float stocks have been moving over the last week.
The company will announce first-quarter earnings on May 13. Traders can watch for a breakout over $5.40, which could cause a short squeeze due to the low float. But without a catalyst, swing for singles if you trade this stock.
Stocks to Watch Today #2: Big 5 Sporting Goods Corporation (NASDAQ: BGFV)
BGFV was on Thursday’s watchlist after it had a gap up and breakout over $20. It’s been running since it reported first-quarter earnings in after-hours on Tuesday. (Past performance is not indicative of future returns.)
The stock was on watch for a morning panic dip buy. But instead, it continued higher. It rallied to almost $35 per share with four big green days in a row.
Traders can watch for a dip buy opportunity into a big panic.
Stocks to Watch Today #3: Party City Holdco Inc. (NYSE: PRTY)
PRTY announced first-quarter earnings and a second-quarter business outlook yesterday in premarket.
The stock gapped up and traded higher than average volume. It broke out over $9.20 resistance but couldn’t hold the breakout level. Traders can watch for a panic dip-buy opportunity.
Stocks to Watch Today #4: iHeartMedia, Inc. (NASDAQ: IHRT)
IHRT announced first-quarter earnings in after-hours on Thursday. Friday it broke out over $20.30. And yesterday it gapped up but consolidated.
Traders can watch for a dip-buy opportunity and continued upside.
Stocks to Watch Today #5: Select Interior Concepts, Inc. (NASDAQ: SIC)
On Sunday, SIC announced it entered into an agreement to sell its residential design services segment. The sale is an all-cash deal valued at $215 million.
Read the full press release here.
The stock trades lower volume compared to the others on this list. Traders can watch for a dip-buy opportunity into a big panic.
Stocks to Watch Today #6: Tenneco Inc. (NYSE: TEN)
TEN is another stock in the consumer cyclical sector. It sells auto parts for cars as well as light commercial and industrial vehicles.
The company announced first-quarter earnings last Thursday in premarket and the stock has had three green days since.
The stock is already up a lot. Traders can watch for a dip-buy opportunity into a big panic.
Stocks to Watch Today #7: Nemaura Medical Inc. (NASDAQ: NMRD)
NMRD’s a big runner from last week after it received a large order for its glucose monitoring device.
Volume has faded in this one. I’m watching for a potential morning panic dip-buy opportunity.
Stocks to Watch Today #8: Bitfarms Ltd. (OTCPK: BFARF)
BFARF is a bitcoin mining company. On May 7 in premarket, BFARF announced the Nasdaq approved its request to list on the exchange.
“Bitfarms is the first publicly traded Bitcoin miner to announce it will be trading on The Nasdaq Global Market® tier. This tier is reserved for companies who fulfill financial liquidity and requirements above and beyond what it takes to list on The Nasdaq Capital Market®, the lower tier upon which other Bitcoin miners trade.”
Read the full press release here.
Yesterday the company announced that the CEO will present at Benzinga Global Small Cap Conference on May 14, 2021, at 9:30 a.m. Eastern. And the company president will participate in a panel discussion at 11:10 a.m.
It’s a choppy stock. I’m watching for a potential dip-buy opportunity into a big panic only.
Stocks to Watch Today #9: Regional Health Properties, Inc. (NYSE: RHE)
RHE is another big gainer from the last few weeks. It was on the watchlist twice last week as it squeezed shorts.
It’s another volatile low float runner, but this one has no news. I’m watching for a potential dip-buy opportunity into a big panic only.
Stocks to Watch Today #10: Funko, Inc. (NASDAQ: FNKO)
FNKO’s another stock that reported first-quarter earnings after hours on Thursday. Friday the stock had a big move and barely broke out over $25. Yesterday, it consolidated.
Volume yesterday was significantly lower than Friday so it probably won’t be able to push higher. Traders can watch for a potential morning spike.
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!
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.
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