These are the stocks on my watchlist (03/12)
Hi! I am an ex-prop shop equity trader.
This is a daily watchlist for short-term trading: I might trade all/none of the stocks listed, and even stocks not listed! I am targeting potentially good candidates for short-term trading; I have no opinion on them as investments. The potential of the stock moving today is what makes it interesting, everything else is secondary.
We had a minor bounce yesterday! I'm interested in mainly seeing if we can hold, otherwise I'm likely going to sell out if we break new lows in the market today.
News: US-Russia Talks Take Spotlight After Kyiv Agrees to Truce Terms
INTC (Intel)/NVDA (Nvidia) / GOOG (Alphabet)/QCOM (Broadcom) / AMD
TSM has proposed a joint venture to Nvidia, AMD, and Broadcom to operate Intel's foundry division, with TSM managing the operations but holding less than a 50% stake. We saw INTC make a decent bounce in the overnight yesterday on that news, but it looks like we're giving back most of those gains. This move comes as Intel faces significant losses in its manufacturing division, the CHIPS Act is targeted by Trump, so frankly a very good positive catalyst but I don't expect much to come of this. The possibility of a joint venture between these 4 companies actually happening seems fantastical, especially with Trump stating that he wants to scrap the CHIPS Act and instead work on tariffs on semis.
Related Tickers: AMD, NVDA, AVGO, QCOM
Loop Capital has maintained a buy rating on Reddit Inc. (RDDT), citing strong core fundamentals and a 71% year-over-year sales growth. I don't normally pay attention to these buy/sell ratings but I did notice this was during one of the worst selloffs for RDDT and the market downturn, so it was a little more significant than normal. The company's stock has experienced a nearly 50% decline from recent highs within the past month. I thought this was interesting yesterday near the open so I bought some stock, overall still holding but interested to see where it goes after the open. Also worth noting, Reddit's plans to monetize its subscriber base are expected to boost revenue (I see them competing with Patreon/Substack/Onlyfans). This is overall a pretty positive catalyst, not much risk to it beyond additional negative news coming in for the broader tech sector.
NVDA (Nvidia) / GOOG (Alphabet)
Google has unveiled Gemma 3, a new AI model designed for developers to create applications capable of running efficiently on various devices, including those powered by Nvidia GPUs. I'm also long NVDA a little more- GOOG hasn't pulled back as much as I expected compared to NVDA, but this is pointedly good news. We're also seeing a minor market bounce but whether that can hold is up in the air. Going to sell out if we break new lows in the market. Another model in the arms race that can be run on a SINGLE device is massive news, especially considering the model's competitiveness with Deepseek R1. This is overall positive news but there's always the chance that Deepseek releases an even better model in the future even though the $13M training costs have been debunked.
Sidenote: Initiated a small short position in VXX after it broke above 60 (as mentioned yesterday); however, the primary focus remains on RDDT today.