Afternoon Reads In The Stock Market Today - June 17, 2021
Best Penny Stocks to Buy on Robinhood? 3 For Your Morning Watchlist
Making a penny stocks watchlist is the best way to get ahead in the market. It offers a game plan, and a way to keep the top penny stocks for your list in an organized and concise fashion. However, many investors fail to take this simple step, and rather turn to social media to find penny stocks to buy.
This is not a bad strategy, but rather, finding penny stocks on Reddit or Robinhood should only be one stage of your process. When making a penny stocks watchlist, the best course of action is to first determine your strategy. Additionally, in 2021, the trading application Robinhood is one of the most popular ways to trade penny stocks.
You might be thinking, wait, I thought penny stocks were only tradable on OTC markets? But, the answer to this lies in the definition of penny stocks. These are any security trading under $5, which means that there are hundreds of options to choose from. Penny stocks are listed on the NASDAQ, NYSE, OTC, and almost any exchange you can think of. For this reason, many investors have taken to Robinhood to find the best penny stocks to buy.
Robinhood offers no-fee trading, ease of use, and a fully accessible platform. While transactions can be slow and it has been known to halt trading of high volume stocks, it is for the most part, a great place to have a portfolio. Considering this, let’s take a look at some of the best penny stocks on Robinhood to watch right now.
Best Stocks Moving Today? 4 Biotech Names To Watch
Biotech stocks have been piquing the interest of many investors in the stock market lately. Well, this is largely due to the progress that we have seen in the treatment of Alzheimer’s disease shown by Biogen Inc (NASDAQ: BIIB). If anything, the new approach in treating Alzheimer’s could mean there’s a bigger growth runway for the company. As of late, it is the first and only Alzheimer’s disease treatment to address a defining pathology of the disease. Since the announcement, BIIB stock has surged by almost 40%.
As a matter of fact, other companies associated with the treatment of Alzheimer’s disease received a boost too. Cassava Sciences Inc (NASDAQ: SAVA) has benefited greatly from this as its stock soared by over 90% over the past month. It appears that investors are optimistic about Cassava’s drug candidate following Biogen’s success. So, is this the type of investment that gets you excited? If yes, then here are some of the top biotech stocks in the stock market today.
10 Best Tech Stocks to Buy According to Billionaire Julian Robertson
In this article, we will take a look at the 10 best tech stocks to buy according to billionaire Julian Robertson. You can skip our detailed analysis of Robertson's history, investment philosophy, and hedge fund performance, and go directly to 5 Best Tech Stocks to Buy According to Billionaire Julian Robertson.
Julian Robertson is an American billionaire, hedge fund manager and philanthropist who founded Tiger Management in 1980 with $8 million as start-up capital. Robertson turned this amount into more than $22 billion in the late 1990s. Between 1980 and 1998, Robertson returned 31.7% annually, beating S&P 500's 12.7% annual return. However, this success was followed by a financial slump because of investor withdrawals and Robertson's performance also dropped, making his overall returns plunge to 26%. Tiger Management eventually closed in 2000 for outside money. The fund operates in direct public equity investments and seeding new investment funds.
Top Canadian Marijuana Stocks For Your Watchlist In June 2021
Are you looking for ways to invest in the top marijuana stocks? In June the first couple weeks saw the best cannabis stocks begin to gain traction in the market. But in the third week in June market sentiment has left pot stocks giving back some of this upside. In 2021 the best marijuana stocks to invest in have seen significant market volatility. At the top of the year, the cannabis sector rallied in January and February.
After mid-February, most cannabis stocks have seen market declines for about four months. Now trading closer to their December 2020 levels, it could be time to start looking for value in the cannabis sector. One area that has shown the most upward momentum earlier in the year is Canadian marijuana stocks in 2021. On the other hand, they have also given back the most gains in the market. Now after consolidating for several months the cannabis sector seems primed to see some upside.
For investors, it could be time to start adding some top marijuana stocks to their watchlist. In the Canadian market, M&As have created some of the largest cannabis companies in the world. One example is Tilray, Inc. (NASDAQ:TLRY) after merging with Aphria Inc. it could be the best performing Canadian cannabis company on the market right now. Considered a Meme stock that grabbed the interest of Reddit investors earlier in the year there are factors that could be a catalyst for this area of the market.
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