Daily Stock Ideas – November 8, 2021
Today’s 5 Stock Ideas (Sympathy Play Edition):
Stocks moving in sympathy following a news item from one company in a group or some macro news has become more and more prelevant over 2021.
Below are a few sympathy plays that might allow traders to take advantage of momentum in another stock or sector.
- ChargePoint (CHPT) – A play on electric vehicle charging developments.
- Rush Street Interactive (RSI) – A play on online gaming/betting.
- Express (EXPR) – A play on the “meme stocks” from early 2021.
- Bridgeline Digital (BLIN) – A play on the digital marketing space.
- The Glimpse Group (VRAR) – A play on the metaverse and/or augmented and virtual reality.