Three Buys, One Bail

Earlier this week I joined CNBC’s “The Exchange” to discuss which tickers were on my list – as well as which were not! Check out my watchlist below:

1) Datadog (DDOG) – Buy

Reasons for DDOG:
-Cyber security in focus / geopolitical issues shining a spotlight / growing industry group set to continue expanding
-This ticker doesn’t have the history that PANW or AKAM has, but I like it because it’s an up and coming name in the sector

2) Enphase Energy (ENPH) – Buy

-Though solar rallied last year upon Biden’s infrastructure plan announcements, and then fell, the fact is, these shifts will keep occurring for years to come
-Crazy weather, less trust in government, interest in renewable energy are all drivers

3) Exxon Mobil (XOM) – Buy

-Strong energy + oil sector. Yes, Biden is releasing more supply but the technical structure is holding up and remains strong
-XOM has pulled back slightly from the recent high at $91.51, giving me a better entry point than some other oil stocks still up at highs

4) Uber – Bail

-Inconsistent earnings, the bearish technical pattern on daily + weekly charts
-Relative weakness
-Headwinds – gas prices, people moving out of cities into suburbs (not as great of an Uber market), liberal state laws, competition, legal issues

Watch the full segment HERE!
Learn more about The Hot Zone HERE!

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