Daily Stock Ideas – December 3, 2021
Today’s 5 Stock Ideas:
- Alibaba (BABA) – Shares of US-traded China-based companies were lower Friday morning following news Chinese software company DiDi Global (DIDI) will delist from the NYSE in order to list on the Hong Kong exchange. Concerns related to US-traded China-based companies were sparked Thursday following a Bloomberg report “U.S. Regulators Move Step Closer To Delisting Chinese Companies.”
- Marathon Digital (MARA) – A crypto play. Crypto stocks will be in focus next week as execs from cryptocurrency-related companies will testify before a US congressional committee on Wednesday, Dec. 8.
- Virgin Galactic (SPCE) – Shares rallied about 3% Thursday afternoon following social media circulation of a tweet showing an image apparently from the company offering someone priority list for a passenger space flight.
- Apollo Strategic Growth Capital (APSG) – A special purpose acquisition corporation (SPAC) play. The company will merge with American Express Global Business Travel in a $5.3 billion deal.
- Winnebago (WGO) -A play on the recreational vehicle (RV) market. An Axios article Friday morning highlighted “The pandemic supercharged the rise of RV living.”