Top Stocks to Watch Today: Thursday, August 12

This is critical for the top stocks to watch today … One catalyst is creating epic spikes and short squeezes in listed stocks right now.

More on that in today’s watchlist, so read on.

And see how my top millionaire students and I approach the market tomorrow.

Six of my millionaire students and I will broadcast our live trading session in my special Trading Mastery webinar happening all day Friday, August 13.

Today’s your last chance to sign up. Reserve your Trading Mastery spot here and I’ll see you in the webinar!

How bad do you want success? YOU tell me! Will you study videos, blog posts, books, DVDs & webinars when the markets are closed? Will you review your @StocksToTrade scans nightly to be better prepared for trading the next day?!??! YOU CHOOSE YOUR ODDS BASED ON YOUR DEDICATION!

— Timothy Sykes (@timothysykes) August 10, 2021

7 Stocks to Watch for Thursday, August 12, 2021

Remember, this is a watchlist, not a ‘must trade’ list. I’m not always right, and I don’t trade everything I watch. That’s why you should never blindly follow or buy anyone’s stock picks — even mine.

But there’s always something you can learn.

Watch out for patterns that fit your strategy. Always have a trading plan for every trade. Here are some resources to help you get started:

If you’ve been following my blog and lessons, you know I love to trade low-priced stocks. (To learn more about trading penny stocks, get my FREE guide here.)

The stocks on this list aren’t penny stocks. Even if I rarely trade higher-priced stocks, their movements can still affect stocks within my price range. So to me, they’re worth watching.

If you want to know which penny stocks I’m watching…

Get the Stocks I’m Watching Delivered to Your Inbox

Need more stocks to watch? Subscribe to my weekly watchlist and I’ll deliver the stocks I’m watching every week right to your inbox.

👉🏼 SUBSCRIBE to my no-cost weekly stock watchlist here.

For even more stocks to watch, check out these blog posts that I update weekly:

Get my weekly top penny stocks list here.
Want to trade a specific sector? Check out my biotech penny stocks watchlist here.

Now, here are 7 top stocks to watch today…

Stocks to Watch Today #1: Allied Healthcare Products, Inc. (NASDAQ: AHPI)

AHPI manufactures respiratory products and offers air compressors, humidifiers, oxygen tanks, regulators, and tubing, as well as masks.

The stock’s traded high volume since the CDC recommended wearing masks indoors, including fully vaccinated people.

It’s a low float stock with roughly four million shares so it has volatile moves. On August 10 the stock broke out over $12 and made a high of $16.10. The next day it held the breakout level. Traders can watch for a panic dip buy if the stock breaks below $12.

Stocks to Watch Today #2: Fulcrum Therapeutics, Inc. (NASDAQ: FULC)

FULC is a biotech company that develops products to improve the lives of patients with rare diseases.

The company announced second-quarter earnings and business highlights on August 10.

After the news, the stock gapped up from roughly $8 to $13 and spiked to a high of $22 — a massive 150% gain. Did you catch this week’s big catalyst there? It’s earnings.

After hours the company took advantage of the move and announced an offering of $100 million worth of shares.

Traders can watch this one for a big panic and dip-buy opportunity.

Stocks to Watch Today #3: Orphazyme A/S (NASDAQ: ORPH)

ORPH’s another biotech company. It develops therapies to treat neurodegenerative orphan diseases.

On August 10 the stock spiked and squeezed with no news. The next day it gapped up and continued higher. This stock’s a massive former spiker. In June it went from roughly $5 to $77 in one trading day.

If the company releases news, we could see an even bigger short squeeze. Without a news catalyst, traders can watch for a dip-buy opportunity into a big panic.

Stocks to Watch Today #4: Joby Aviation Inc. (NYSE: JOBY)

JOBY’s developing electric-powered aircraft for aerial ridesharing.

The stock began trading on the NYSE on August 11 after it merged with the special purpose acquisition company (SPAC) Reinvent Technology Partners (NYSE: RTP).

“This transaction values Joby at $4.5 billion enterprise value, with proceeds raised plus cash on the balance sheet as of March 31, 2021 equaling approximately $1.6 billion. The proceeds are expected to fund Joby through initial commercial operations.”

Co-lead director of RTP, Reid Hoffman said, “With its advanced technology, we believe Joby is ‘Tesla meets Uber in the air’ and the clear leader in the eVTOL and aerial ridesharing space.”

Read the full press release here.

Company management rang the opening bell at the NYSE on August 11 and had its eVTOL aircraft on display for public viewing. The stock soared over 40% on its first trading day going from roughly $10 to a high of $14.34 per share.

The stock closed near its highs. Traders can watch for more potential upside but watch resistance around $17.

Stocks to Watch Today #5: fuboTV Inc. (NYSE: FUBO)

FUBO is a TV streaming platform that allows users to watch live sports, news, and entertainment on multiple devices.

The stock gapped up from $28.64 to $32.96 on August 11 after the company announced record second-quarter revenue and increased its revenue and subscriber guidance for the remainder of the year.

StocksToTrade’s Breaking News Chat alerted the news in premarket.*

But the stock couldn’t hold its gains. It retraced back to the low $30s before bouncing and closing at $31.80. Traders can watch for a potential dip-buy opportunity and bounce.

Stocks to Watch Today #6: Upstart Holdings, Inc. (NASDAQ: UPST)

UPST offers a cloud-based lending platform that connects potential clients with banks and institutions using AI technology.

And yep, it’s another stock up on earnings.

The company announced second-quarter financials on August 11. The stock spiked from roughly $135 to $172. It dipped to a low of $156.77 but bounced back and closed near its daily high.

It’s a higher-priced choppy stock — not my favorite. Traders can watch for a big panic if it breaks below $156.70, or for more potential upside if it breaks out over $172.

Stocks to Watch Today #7: Good Times Restaurants Inc. (NASDAQ: GTIM)

GTIM owns and operates franchise restaurants.

The stock was on my daily watchlist sent to Profit.ly subscribers in premarket. (Sign up for your subscription here and I’ll send you my watchlist every trading day.)

The company reported its third-quarter earnings on August 11. The same day, it announced a tender offer stock buyback at $4.60 per share.

Learn more about stock buybacks here.

It had a gap up after the news from $4.50 to $5.52. But it faded back to the high $4s after the market opened. The stock has a low float of 10 million shares, so it has the potential for a volatile move. I’ll watch it for a potential dip buy into a big panic.

How I Find Stocks to Trade

There’s no big secret behind how I find stocks to trade. I always tell students to look at the biggest percent gainers on StocksToTrade.

Full disclosure: I helped develop StocksToTrade. I also invested in it. I wanted a tool to help me search specifically for the low-priced stocks I love to trade. I’m proud of it, and I truly believe this platform offers the top tools for traders to find and research stocks of any price..**

STT has built-in watchlists, scans, beautiful charts, and all the indicators active traders need. It also has a social media feed and a news feed. And it includes broker integration so you can trade right from the platform.

I use it every day to find the stocks that fit my strategy — like volatile penny stocks with a catalyst and high volume.

And I credit the StocksToTrade Breaking News Chat feature for a huge portion of my over $1.1 million in profits in 2020.* The guys who run this service crank out breaking news FAST.

Try a 14-day trial of StocksToTrade with Breaking News Chat for only $17!

Frequently Asked Questions About Stocks to Watch Today

What Are the Best Stocks to Trade as a Beginner?

My favorite stocks to trade are penny stocks. I think they’re a great way for beginners to learn the trading process with a small account.

Can You Get Rich Trading Stocks?

Don’t come into trading with a get-rich-quick mindset. Trading is a marathon, not a sprint. It can be a lucrative career but it takes years of hard work and dedication to learn the nuances of the market — which is what I teach.

How Much Money Do You Need To Start Trading Stocks?

Only start trading with money you can afford to lose. You can start small. In fact, I teach traders to focus on education first to learn the process, then slowly scale up over time.

Is Trading Stocks Risky?

All trading is risky. No trader is right 100% of the time. That’s why I keep my losses small by cutting losses quickly.

Conclusion About Top Stocks to Watch Today

Remember to only use this list of stocks to watch as a guide. Dig deeper into why these stocks are on my watchlist. Use all my trading resources to build your trading education.

I want you to become self-sufficient.

I’m just training wheels. And I’ve had the privilege of working with many top traders in my Trading Challenge. It’s a proud moment for me when they prove they don’t need me anymore. They take my lessons and strategies and make them their own.

If you want to get the same education as those top traders, apply for my Trading Challenge. I don’t accept everyone. Honestly, I don’t have time for anyone who only wants to be spoon-fed ‘hot’ stock picks.

I teach the trading process, mindset, strategies, and patterns to help my students find their own way in the markets. If that’s your goal as a trader, apply today.

What do you think about these top stocks to watch today? Do you see potential trades? Let me know in the comments … I’d love to hear from you!

**Tim Sykes has a minority ownership stake in StockstoTrade.com.

*Tim Sykes’ trading results are not typical and do not reflect the experience of the majority of individuals using the services and products offered on this website. From January 1, 2020, to December 31, 2020, typical users of the products and services offered by this website reported earning, on average, an estimated $49.91 in profit.

The post Top Stocks to Watch Today: Thursday, August 12 appeared first on Timothy Sykes.