5 Must-Watch 'Story Stocks' For September

"Money Mitch" is always on the lookout for the next "story stock."

Check out what's on his September radar in the video and breakdown below.

PubMatic PUBM

Story: Programmatic advertising has been a big trend in 2021 in advertising. Big players such as Facebook and Google have all jumped on board with targeted ads and the trend is only going to grow with the inclusion of artificial intelligence and machine learning.

Technical Analysis:

  • High Resistance: $55
  • Low Support: $34
  • After Earnings Spike: $35

Action: As long as PUBM continues holding this bottom at $25-$27, look for it to get back up to $30.

Related: BENZINGA EXCLUSIVE: How PubMatic Is Increasing Its Market Share

Ballys Corporation BALY

Story: Since the company bought Fox Sports Networks and switched over in 2020, BALY offers a mix of media with land-based casinos and the sportsbooks. So Bally Bets has the ability to have consistent revenue.

Technical Analysis: 

  • High Resistance: $81 
  • Low Support: $35

Action: As long as BALY continues holding this bottom at $41-$42, look for it to get back up to the $55-$65 range.

Related: If Sports Content Is King, Sinclair's DTC Model Could Be A Home Run

Penn National Gaming PENN

Story: Continuing with the sports betting industry, with the Sept. 9 NFL Kickoff, another stock expected to get a big lift is PENN.

Technical Analysis: 

  • High Resistance: $158
  • Low Support: $80

Action: Look for PENN to get up to  $75 to give a strong breakout look to get up to the $95-$100 range. 

Tesla TSLA

Story: Elon Musk and EV. Need we say more?

Technical Analysis: 

  • High Resistance: $1,000
  • Low Support: $630-$690

Action: Look for it to catch some support at $730 and then get up towards that $750 level. Money Mitch Sept. 30 Price Target: $800

Related: Tesla To Be The Most 'Deeply Integrated Automotive Company' In The World With AI Day Plans Fully-Implemented, Says Ark

Frontier Group Holdings ULCC

Story: Reopening play + leisure travel looking for discount airlines

Technical Analysis: 

  • High Resistance: $26
  • Low Support: $20

Action: Needs a big volume push through $17 to start getting back up towards $19 and $20. Money Mitch Big Price Point: $17

Notable Mentions

Palantir Technologies (NYSE: PLTR)

Story: This is a closely watched stock in social media and by retail traders and so it's gaining on the retail hype. PLTR started picking up big contracts around the $21 price point.

Action: Look to see some good upside in this stock. Look for it to go strong through $25 and get on up to breakout towards $27.50. Money Mitch Key Price Point: $21

Maxeon Solar Technologies Ltd MAXN

Story:  Solar stock =  clean energy

Action: See for the whole solar industry to really make a drive up. Look for this one to get on up there towards $25.

Watch The Video: Money Mitch 5 Must-Have Stocks To Buy

Connect with Money Mitch at @STORYInvestors

Watch Money Mitch at Money Mitch Benzinga

Listen to Money Mitch at Money Mitch Daily Watchlist Podcast

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: TechnicalsPreviewsMediaTrading IdeasMoney Mitch
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!