Stocks to Buy Before the SpaceX IPO | These SpaceX Stocks Could Change Lives
Summary
Chris provides a comprehensive market outlook centered on the upcoming SpaceX IPO scheduled for June 12th. He emphasizes that the weeks leading up to this event present a 'runway' for several correlated stocks to experience significant price appreciation. His thesis is built on a combination of fundamental news, such as Nvidia's earnings and global political headlines, and technical analysis, which suggests a repeatable process of buying pullbacks in a clear uptrend. Chris advises viewers to monitor market indices and crypto movements while using earnings reports—specifically Nvidia's on May 20th—as a guide for market sentiment.
The core of the strategy involves identifying 'lateral' companies that will benefit from the SpaceX hype. Chris suggests building positions of 100 to 1,000 shares in high-conviction plays and holding them for cycles of 3 to 9 months. He warns that while the current momentum is strong, investors must be prepared for a retracement after the June 12th milestone as profit-taking enters the fold. He specifically highlights the following stocks:
Mentioned Stocks
Reasoning: Chris views this as a strong conviction play for the long haul. He encourages building a significant share position (100-1,000 shares) to benefit from sector-wide gains in space stocks.
Reasoning: Chris cites strong fundamental growth (revenue up 79%, net income up 125%) and positive news headlines. He expects a positive earnings report on May 20th.
Reasoning: Chris mentions liking the technical setup on the charts and includes it among stocks expected to do well during the week.
Reasoning: Chris predicts the stock will hit $25 soon. He recommends a buy entry point between $19 and $22 on pullbacks, emphasizing that the technical uptrend remains intact.
Reasoning: Due to the Elon Musk connection with SpaceX, Chris projects Tesla will test the $450 level this week. He advises buying pullbacks while the trend remains upward.
Reasoning: Chris notes the stock has already surged from $7 to $19. He sets a price target of $30 before the June 12th SpaceX event, highlighting it as a high-momentum play.
Reasoning: Chris notes the strong momentum and sets a price target of $130 for the following day. He advises riding the trend until June 12th before expected profit-taking.
Reasoning: Chris labels this stock an 'absolute banger' and a winner for the next wave of stock pops. He identifies it as being closely tied to the SpaceX IPO momentum and notes its price at $31.79.
Reasoning: Identified as a 'lateral company' to SpaceX, Chris believes it will be a major beneficiary of the IPO hype. He notes its after-hours recovery as a bullish sign.