Daily Stock Ideas – March 9, 2021
Today’s 5 Stock Ideas:
- Tesla (TSLA) – An analyst at New Street Research upgraded Tesla shares to Buy and set a $900 price target. As Tesla shares traded just under $600 Tuesday morning, the price target represented potential upside of about 50%.
- United Air (UAL) – Airline stocks were quiet Monday afternoon following word of a letter from US airlines and their unions to the Biden administration. Airlines urged Biden not take up a requirement for passenger COVID-19 vaccines for domestic and international air travel.
- Cronos Group (CRON) – Cannabis stocks moved Monday afternoon following circulation of a document from the US Government Accountability Office that showed the mayor of Washington DC expended funds to take various actions on a bill that would legalize the sale of marijuana for non-medical use. Benzinga’s cannabis newsdesk noted a spending rider that prevents DC from legalizing weed sales does not prevent local officials from at least trying to prepare for legal or recreational reform.
- Bit Digital (BTBT) – A crypto play. Bitcoin’s market cap crossed the $1 trillion level overnight. A late-Monday report suggested Coinbase has been valued at $90 billion in a private auction.
- Greenwich LifeSciences (GLSI) – Monday’s momentum-du-jour play. After the stock closed up 62% on Monday, shares were up another 18% on Tuesday morning.