Best Stock Picks Today | DKNG DraftKings Cathie Wood 2-2-21
BEST STOCK PICKS TODAY
Trading Game Plan: 2-2-21
DraftKings Stock Surges After Cathie Wood's ARK Invest Buys DKNG Shares, Is It A Buy Right Now?
As sports-betting legalization spreads across U.S. states, DraftKings (DKNG) is at the forefront of the online betting industry. Amid a huge move since its April 2020 debut, is DKNG stock a buy?
Source: IBD
DKNG Draft Kings has been in our watch list for months now but continued to struggle at one key price. It just couldn't break and hold resistance. Today it looks like it got the catalyst needed for the stocks price to march towards new all-time highs.
The stock market surged yesterday so today will tell us if it was short covering or new buying.
Key earnings reports scheduled for today should be fuel for another bullish run. AMZN reports earnings today, as well as GOOGL.
New swing trade setups include SOL stock and OSTK which traded into my favorite candlestick reversal pattern called the bullish U-Turn.
SNAP stock and MGNI launched into new breakouts setting up new trades with solid profit potential if the stocks can hold these key price levels.
In total we discuss eight new stocks to buy today.
Pete
