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  • Daily Stock Ideas – January 29, 2021

    • GameStop (GME) – PreMarket Prep co host, Dennis Dick, said GameStop is leading the entire market right now. He has been using GameStop as thee indicator over a major index like the S&P 500 futures. Benzinga founder, Jason Raznick, concluded the YouTube show by disclosing he is long GameStop.
    • Penn National Gaming (PENN) – Dave Portnoy and the other Stoolies over at Barstool Sports have recently been advancing their deal with Penn for online gaming. As of January of 2020, Penn had a 36% equity stake in Barstool.
    • Kroger (KR) – “Triple D Trader” Dennis Dick highlighted the current correlation between GameStop and Kroger. He pointed out that while the businesses are very different, something about the new normal in trading is drawing these stocks together. 
    • First Majestic Corp. (AG) – A play on silver. Dumb Money’s Chris Camillo said he has about a 500,000 share position in this name.
    • Bridgetown Holdings (BTWN) – Camillo said he likes this SPAC play, as it will be merging with Tokopedia. Camillo called the SPAC potentially “a top 10 hyped SPAC” play for this year. 
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