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5 Stocks to Watch in 2019 by Meir Barak

During 2017 and early 2018, we were overwhelmed and overly impressed by the returns one could generate by trading digital currencies or blockchain-oriented assets. However, once these markets went into a deep, endless hibernation mode, retail investors are returning en masse to solid, traditional forms of trading, and the stock market is the first option to consider this year.

Both NASDAQ and the S&P 500 indexes have been quite volatile these months, suggesting a lot of activity in the stock markets. This is good news for day traders as they’re often profiting during times of higher volatility. Meir Barak, a successful day trader and author of “The Market Whisperer” bestseller, is confident that now is the right time to attempt to achieve generous profits from the short-term movement of several US stocks.

Before analyzing some relevant stocks, let me get more in-depth into the introduction of Mr. Barak, who is not only trading for his own benefit but shares his know-how and day trading knowledge through Tradenet, the company that he founded in 2004. Today, Barak is regarded as a leading Wall Street analyst whose opinion is often quoted in the media. As for Tradenet, it has grown into a leading trader day training academy with international reach. It offers online courses and relevant information reviewed personally by Meir Barak, you can watch him on youtube trade live or just giving you tips in his youtube trading channel.

As Mr. Barak put it, 2019 might bring new opportunities for investors. You’d surely be interested to know what to look for in stock from a day trading perspective. Well, we distinguish three key elements that must be encountered:

  • Volume – active day traders want to see the volume indicator demonstrating higher than average figures, which proves more interest from investors. Besides, a higher volume allows you to enter or exit the market with almost no slippage.
  • Volatility – unlike position traders, day traders would be interested in stocks with higher volatility, especially companies that may be heavily impacted by fundamental factors like news and financial reports.
  • Trend – for day traders, determining the intra-day trend should be the key, because this is what ultimately can make the difference regardless of your target.

What are 5 stocks to watch in 2019?

source:benzinga.com

Based on the three key factors mentioned above, Mr. Barak picked five US stocks that are most likely to behave in a way that best fits day traders’ interest. Here are some of the companies you should follow in 2019:

Tesla (NASDAQ: TSLA) – $297.04 – Tesla might not have the best period now at around $297, but it’s still trading higher than the October 2018 low at $247.77.

Source: https://www.tradingview.com/x/M3qPvTXw/

The price has been under pressure this January on the news that Tesla was planning to cut about 3,000 jobs. On the other hand, the electric car maker received approval to sell its Model 3 on the European continent – a strong bullish signal for 2019. Also, Tesla is now cash positive and is producing more vehicles. This year will be rich in events, which is a good sign for both short sellers and buyers.

Apple (NASDAQ: AAPL)$157.76 – Apple is now trading close to the lowest level since September 2017.

Source: https://www.tradingview.com/x/HkiSlUuJ/

The first trillion dollar company in history lost a record $463 billion in market cap from October 2018, when it hit the annual peak, to the end of December 2018. Telecom equipment maker Qualcomm and Apple have been in a legal battle around patent infringements, which affected APPL’s price. Also, Apple had disappointing iPhone sales and lowered its revenue forecast for Q4. Nonetheless, the company might release three new iPhones in 2019, and this will surely move the market.

Goldman Sachs (NYSE: GS)$200.74 – Recently, GS’s Q4 earnings and revenue figures beat the Zacks Consensus Estimate by over 23%, which pushed the stock price up. The bank’s investment management business was one of the best drivers. 2019 will be interesting also because of the Brexit intrigue.

Alibaba (NYSE: BABA)$159.21 – Chinese e-commerce giant is struggling with the current economic uncertainty related to the trade war between China and the US. BABA is even forced to delay new hiring this year. From mid-June 2018 until this New Year, the stock lost about 38%, though it has recovered some losses in the last few weeks. The trade war-related news will keep the stock volatile for the whole year.

Netflix (NASDAQ: NFLX)$338.05 – the beginning of 2019 was exceptional for Netflix, which has gained over 28% year-to-date. Goldman Sachs analyst Heath Terry voiced his bullish sentiment over NFLX, calling for a $400 price target for 2019.

All in all, Meir Barak advises trading the five mentioned stocks because of their higher volume and volatility. While the fundamental news should act as the background, day traders should definitely rely on the technical analysis, which is irreplaceable for intra-day trading.

Elon Musk’s Net Worth – Real Life Iron Man

Just like it’s the case with many other tech billionaires, Elon Musk’s net worth mostly fluctuates depending on the stock price of Tesla Motors. So, recently, when Tesla stock has skyrocketed, Musk’s net worth followed, raising roughly $21 billion to $24.6 billion. Namely, both soared after Musk’s apology to analysts after he had insulted them during a conference in May when he refused to answer their “boring, boneheaded” questions. His apology was called the “most valuable apology of all time.” And soon afterward, “the most valuable tweet ever” followed when Musk posted that he was “considering taking Tesla private at $420” per share.

What many don’t know is how Elon Musk has become an engineering genius and billionaire tech entrepreneur we know today. We are here to answer this question. Here’s his story, which began in South Africa.

Elon Musk Education and South African Upbringing

Source:business.financialpost.com

Born in Pretoria, South Africa, Musk grew up with a father who was a “serial entrepreneur” and he would sometimes go with him on business trips. However, he’s no longer in touch with his father, as he once called him a “terrible human being.”

Musk also once admitted that he suffered bullying during his early education. “I was also the youngest kid in my grade, so I was quite small,” Elon Musk said in a Q&A with TIME. “I was kind of a smart aleck. It was a recipe for disaster. I’d get called every name in the book and beaten up. That was my schooling experience.”

When he finished high school, he moved to Canada. “I left South Africa by myself, against my parents’ wishes,” Musk told the university’s alumni magazine. “I came to North America because I felt this was where there was opportunity to do great things in technology.”

Elon Musk Companies

Source:cbinsights.com

Musk earned his first millions during the 1990s from Internet startups. However, his main interests were electric cars, solar energy, and space exploration. “They certainly were not picked because they had the highest return on investment,” Musk said in an interview. “I could probably make a lot more money from, say, starting another Internet company.”

Musk wanted to address those issues that could potentially bring social benefits, and Tesla Motors “builds not only all-electric vehicles but also infinitely scalable clean energy generation and storage products,” the company website states. “Tesla believes the faster the world stops relying on fossil fuels and moves towards a zero-emission future, the better.”

Elon Musk Home

Source:businessinsider.com

Musk lives in a 20,248-square-foot mansion that he paid $17 million in 2013, which has seven bedrooms, a private screening room, a tennis court, a pool, and, let’s not forget a view of the Bel Air Country Club.

Of course, being able to afford all that comes at a price. Musk himself once said: “I don’t have time to go home and shower,” which is why at some point, when Tesla was under pressure to produce more vehicles, he had to sleep on the car factory floor. Usually, he doesn’t get more than six hours of sleep per night, and he works from 80-100 hours per week.

And the previously mentioned mansion where he lives is not the only one he owns, of course – Musk has spent a total of $72 million on a string of five mansions and estates located in Bel Air neighborhood.

Giving Pledge and Donations

Source:business.financialpost.com

Elon Musk is among the world’s richest people who signed on to the Giving Pledge, the movement founded by Warren Buffett and Bill Gates. He joined this group in 2012, but even before that, he had created the Musk Foundation, which is primarily known for providing aid, often in the form of solar power, in the wake of natural disasters. For instance, in 2011, it donated $250,000 to build a solar power system in Japan in an area devastated by a tsunami.

He once explained that his philanthropic motivations stem partly from his upbringing in South Africa, where he witnessed poverty and struggle. “If I could do something to alleviate it, I wanted to do that,” Musk said, according to Fortune.

Finally, he concluded saying: “There are problems not taken care by the government or the market. That’s probably the best use of my assets.”