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Bamboo Watchlist

Here are the stocks we are watching this week.

The Bamboo Team
Dec 2, 2020 • 4 min read

Our stock pick of the month for December is…

Christmas is the most wonderful time of the year if you are a retailer. It’s the one month where every consumer’s motto is “buy, buy, buy.”  That’s why for December, our stock pick of the month is Walmart (NYSE: WMT). The retail giant generates more revenue than any company on the U.S. stock exchange. It is one of the largest e-commerce platforms in America, and its stock is up 27% year to date. If consumers keep buying as they have in 2020, Walmart will be smiling to the bank and singing Santa Claus is coming to town.

Here are the other stocks we are watching this week.

Cannabis Industry 

Aurora Cannabis (NYSE: ACB)

Stock Price:$15.25

The Canadian cannabis company Aurora is up 15% ahead of the vote to legalize Cannabis. The U.S House will vote on the Marijuana Opportunity Reinvestment and Expungement bill this week. The bill will decriminalise marijuana on the federal level if passed. The United Nations Commission on Narcotic Drugs will also meet on Wednesday and, in a similar fashion, vote on recommendations related to cannabis. This might be a great time for Cannabis stocks.

E-Commerce

Amazon (NASDAQ: AMZN)

Stock Price: $3,147.16

This week is most likely going to be a bummer for Amazon. Monday’s Cyber Monday is one of the biggest sales events for Amazon, and investors are expecting the E-commerce giant to report huge sales. Truist Securities analyst Youssef Squali estimates that Amazon will grab as much as 42% in U.S. e-commerce spending this holiday season.

EV 

Nikola (NASDAQ: NKLA)

Stock Price: $21.57

Nikola has been in the news lately for mostly the wrong reasons. On Monday, General Motors revealed they are dropping their 11% equity stake in Nikola and cancelling plans to build the Badger, Nikola’s highly anticipated electric pickup truck. Instead of the Badger, General Motors announced a new agreement with Nikola on fuel cell systems. Nikola crashed to 25% after the announcement. We are watching to see how Nikola holds up this week with the new deal.

Data and Information 

S&P Global (NYSE: SPGI) 

Stock Price:$346.71

IHS Markit (NYSE: INFO)

Stock Price:$99.31

S&P Global will be buying IHS Markit for around $44 billion, in what is set to be the biggest deal of 2020. Both companies will leverage assets, technology, and platforms to expedite growth and create value. Shares of IHS Markit shot up to 8% after the news of the merger.

Communication Technology 

Zoom (NASDAQ: ZM) 

Stock Price: $471.26

Zoom announced their third-quarter earnings on Monday, smashing expectations with an impressive revenue jump of 367% year-over-year. Investors appeared to be cautious because of the successful vaccine news in November that rattled Zoom’s feathers. We are curious to see how the company will perform after the pandemic. Will the work from home giant remain a giant, or will demand shift to favor open economy stocks.

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The Bamboo Team
The Bamboo Team
Dec 2, 2020 • 4 min read

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