Top Stocks For Day Trading
There are a lot of stocks out there that you can choose from when you are trying to find the best ones to buy and sell. You may think you know all of them, but that is not always true. Below is a list of a few of the best stocks that you can buy today.
Apple
Apple is one of the most popular stocks to day trade. Founded in 1976 by Steve Jobs, the company designs, manufactures, and sells personal computers and mobile communication devices. It also provides online services such as Apple TV, iCloud, and Apple Pay.
The company's stock is available through options and bonds. Its shares have a credit rating of Aa1 by Moody's. Some investors prefer Apple stocks because of their high liquidity.
If you want to buy the stock, you'll have to research the company's financials. Apple has a trailing price/earnings ratio of 22x. You might be surprised to learn that Apple's IPO raised $100 million in equity capital. This was the biggest IPO revenue since Ford Motor Company went public.
As of the end of the fourth quarter, the stock has a market cap of $1 trillion. Apple's sales have jumped 8% year over year. And while analysts generally liked the results, they warned of a slowdown in the services business.
There are three strategies for day trading Apple, but you need to choose the right one for you. One of them is the two-day high/low method.
This strategy involves buying on a breakout from a two-day high and selling on a
breakdown from a low. This is ideal for speculators. But you will need to plan your
moves before the market opens.
Another strategy is the volatility breakout. This strategy involves buying on a spike in the average true range. Usually, these spikes occur at the end of the trading day. For those who are looking to day trade Apple, you'll find that the average performance on Monday and Wednesday is pretty good. However, Thursday and Friday tend to under perform.
When you are looking to trade Apple, be sure to test your strategies before putting them into practice. Taking the time to test and improve your skills is essential to your success.
While the iPhone and other new products have given the company a boost, analysts have concerns about its sluggish growth in the service sector. In addition, Apple has made several stock splits. These can help you to trade a company with a billion dollar market cap for a fraction of its original value.
Bank of America
The Bank of America Corporation is one of the leading financial institutions in the world. It provides a full array of financial products and services to individuals, small- and medium-sized businesses and large corporations.
Bank of America's retail network includes more than 4,000 branch locations, and a full suite of online and mobile services. Its Consumer Banking, Commercial Banking, Global Banking, and Investment Banking segments provide clients with lending and treasury solutions, as well as credit products and investment services.
One of the top stocks for day trading is Bank of America. The firm's common shares are traded on the New York Stock Exchange under the symbol “BAC.” The bank's assets total more than $2.1 trillion. In addition to its consumer banking and corporate and investment banking divisions, the company has a strong mortgage and vehicle lending business.
Despite its strength, Bank of America is not for the faint of heart. The company has a track record of underperforming in 2021. During the year, seven of its top picks for 2021 lagged the S&P 500 by more than 10 percentage points, and a fifth had a negative return.
BofA's 2021 picks include companies that have defensible yields, as well as high quality, value-priced names. They also include stocks that have outperformed their sectors.
The Bank of America stock price is less than that of other banks, which makes it easy for hedge funds and other high-frequency traders to buy a large number of shares. However, it is important to note that there are many other factors that determine whether a stock will do well.
Another factor is volatility. Stocks that have a higher volatility are often more suited for day trading. This is because a corporation experiencing more variance in cash flows will have more impact on the stock's price.
Bank of America's stocks are also traded at a high volume, which makes it easy for day traders to capitalize on asset mispricing. As a result, its shares trade at a faster pace than other major bank stocks.
Lastly, the bank has a relatively strong liquidity position, meaning that it is more liquid than many other stocks. While Bank of America may not be the best stock for day trading, it is a great candidate for investors looking to diversify their portfolios.
Olga Steiner
https://financeworld.io/!!!Trading Signals And Hedge Fund Asset Management Expert!!! --- Olga is an expert in the financial market, the stock market, and she also advises businessmen on all financial issues.