Following up on our Trading View update for 01/07/2020, we have 3 new ideas today. We’d also like to congratulate our subscribers that jumped on $UBER based on our December 17th write-up when the stock was just $30. Subscribers sitting on 33% gains in just under 2 months.
First up for Monday is SMILEDIRECT CLUB INC (NASDAQ:SDC).
$SDC is setting up for a major breakout. When is anyone’s guess, but we thing it’s coming sooner rather than later. With 30% of the float short, we think $SDC could really get going.
Second is BEYOND MEAT INC (NASDAQ:BYND).
$BYND is another $TSLA story. You have the bulls and bears battling over the fundamentals, whereas we see a stock that’s just a great traders. $BYND like $TSLA has momentum and you can play both sides – long and short. While we called the Short 2 weeks ago, the stock has made a comeback and is bumping up against our again. We think this time it will break through, especially with 23% of the float short. Keep a watch and trade accordingly.
Lastly is SPRINT CORPORATION (NYSE:S).
We believe the bottom is in on $S. While the stock won’t give you huge returns overnight, we think $S will keep climbing at a nice, steady pace. If you’re a long-term investor, that’s all that matters. $S will run into some strong headwinds at $6.50, but if it clears that hurdle, the sky is the limit. With Softbank as $S largest shareholder and its upcoming merger with T-Mobile, we believe $S is a smart long-term bet.
Sprint Corporation, together with its subsidiaries, provides a range of wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico , and the United States Virgin Islands. It operates in two segments, Wireless and Wireline. The Wireless segment offers wireless data communication services, including mobile productivity applications, such as Internet access, messaging, and email services; wireless photo and video offerings; location-based capabilities comprising asset and fleet management, dispatch services, and navigation tools; and mobile entertainment applications. It also provides wireless voice communications services that include local and long-distance wireless voice services, as well as voicemail, call waiting, three-way calling, caller identification, and call forwarding services. In addition, this segment offers voice and data services internationally through roaming arrangements; and customized wireless services to companies and government agencies, as well as sells handsets, tablets, and hotspots. The Wireline segment provides wireline communications, which comprises domestic and international data communications using various protocols, including multiprotocol label switching technologies, Internet protocol ( IP ), managed network services, Voice over IP , and session initiated protocol services to other communications companies and targeted business subscribers. Sprint Corporation offers its services under the Sprint , Boost Mobile, Virgin Mobile, and Assurance Wireless brands. Sprint Corporation has strategic partnerships with Inseego Corp . to deliver IoT solutions for aviation, transportation, logistics, and manufacturing industry verticals; and CalAmp Corp . to deliver intelligent telematics devices and software applications. The company was founded in 1899 and is headquartered in Overland Park, Kansas. Sprint Corporation is a subsidiary of SoftBank Group Corp.
As always, use protective stops and trade with caution.
Good luck to all!
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Disclosure: At the time of this writing, we have no positions in any of the stocks mentioned. We are not financial advisors. Please read our full disclaimer for more information.