Daily Stock Ideas – December 29, 2020
Today’s 5 Stock Ideas:
- Li Auto (LI) – Chinese electric vehicle plays saw continued downside on Monday. Li shares closed down about 8%; shares of NIO (NIO) and Kandi Technologies (KNDI) were down about 4%. Notably, shares of Li Auto failed to move back over an important technical level at $30.
- Reinvent Technology Partners (RTP) – The special purpose acquisition corporation (SPAC) formed by LinkedIn co-founder Reid Hoffman and Zynga (ZNGA) founder Mark Pincus. The SPAC will be targeting a merger partner in the tech space.
- Greenpro Capital (GRNQ) – A new play on bitcoin. On Monday, the company announced it would set up a bitcoin fund for investment purposes.
- Antelope Enterprise Holdings (AEHL) – Shares rallied about 7% on Monday amid trader circulation of the stock as a crypto play. Traders pointed to an Aug. 18, 2020 press release that disclosed the company’s exposure to a “blockchain digital storage and depository system for legal compliance” application.
- Regional Health Properties (RHE) – Monday’s momentum play du jour. The stock closed up more than 90% as traders targeted nano-cap low-float plays.