This $5 Stock Has CRAZY Potential
Summary
Chris kicks off by urging viewers to prepare for profit-taking on previous short-term plays, RDW and MNTS, as their run-up window extends until June 12th. He also suggests looking into the SPY and Tesla for potential short-term gains, with specific entry levels for SPY between $752 and $747. He emphasizes the importance of staying informed through news headlines and earnings reports, citing Nvidia's strong upcoming earnings as an example.
Chris then introduces his "fired up play," Big Bear AI Holdings (BBAI), which he has previously recommended. He believes BBAI is on the cusp of a breakout with a strong technical setup for a long-term upward move. Chris projects BBAI could reach $30 to $50 within the next five years, specifically targeting $30, and encourages viewers to acquire at least 100 shares, preferably 1,000, while the stock is around $5. He likens its potential to that of AMD, which was once a $4 stock.
His next significant recommendation is Salesforce (CRM), which he identifies as a "best in class" software company that has "crushed earnings" but been "left for dead" by the market. Chris states his personal intent to invest between $100,000 and $1 million in CRM, believing it will make a strong recovery similar to CrowdStrike or Facebook. He forecasts a short-term move to $210-$230 and an ultimate target of $360-$400. He advises buying CRM under $200, ideally around $170-$176, $185, or $190, and holding for the long-term appreciation to $400. He advises buying shares, and for options traders, to buy contracts with long expiry dates (3-12 months out).
Mentioned Stocks
Reasoning: Chris highlights Nvidia's recent climb to an all-time high and upcoming strong earnings report on May 20th, noting revenue up 79% and net income up 125%. He shares that he personally bought Nvidia at $97 and sold half his shares at $230, demonstrating a successful past trade. The current context emphasizes the strong fundamentals and the importance of being aware of earnings.
Reasoning: Chris considers CRM his "next big play," intending to invest between $100,000 to $1 million, believing it's a "best in class" software company set for a major recovery after "crushing earnings." He anticipates it will quickly return to $210-$230, with an ultimate long-term target of $360-$400. He advises buying under $200, ideally at $170-$176, $185, or $190, and holding to $400.
Reasoning: Chris identifies BBAI as a "fired up play" that he previously introduced, now on the cusp of a breakout due to its technical setup. He recommends it as a long-term investment, suggesting a target of at least $30 within 5 years, potentially reaching $50. He advises viewers to acquire at least 100 shares, preferably 1,000, while it's still at a good price (currently $5).
Reasoning: Chris references RDW as a previous play that has a deadline of June 12th to "run," implying it's time for current holders to take profit. He asks viewers about their profits and entry points, indicating it was a past successful recommendation rather than a new one. The focus is on preparing for profit-taking rather than new entry.
Reasoning: Chris groups Tesla with SPY, stating they will "put the smackdown" on both, indicating a positive outlook for making money. Although no specific entry points are provided for Tesla, its inclusion implies a recommendation for potential short-term gains. It's suggested as another target for profitable trading this week.
Reasoning: Chris recommends trading the SPY, providing specific entry levels between $752 and $747. He emphasizes that if these levels hold, it presents a golden opportunity for profit. This recommendation is for viewers to potentially make $100-$1000 "as early as tomorrow."
Reasoning: Similar to RDW, Chris mentions MNTS as a previous investment with a June 12th deadline to take profit. He inquires about viewers' holdings and profits, signifying it as a past recommendation where the current advice is to prepare for profit-taking. This suggests a shift from holding to exiting positions.