There are four stocks that will likely experience wild moves to start this week.
In the cryptocurrency sector, Strategy (MSTR) needs to open higher today to consolidate its 16.39% rally from last Friday. MSTR stock bottomed in the $82 - $90 range in the summer and closed at $153.92. The stock rose after the Securities and Exchange Commission temporarily approved trading tokenized stock trading. That would create digital versions of securities listed in U.S. markets.
Ordinary investors are better off buying stocks from brokerages. Still, Coinbase (COIN) gained 11.66%. Mara Holdings (MARA), Galaxy Digital (GLXY), and Circle Internet (CRCL) rallied.
Earlier last week, the failure of the government to pass the Clarity Act sent the aforementioned stocks lower.
In the storage sector, SanDisk (SNDK) jumped by 10.99% to close at $1,791.82 last week. The Nasdaq 100 index will add SNDK stock. Investors should watch Micron Technology (MU), SK Hynix (SKHY), and Samsung (SSNLF). Seagate (STX) and Western Digital (WDC) have a weaker moat but are stocks to watch, too.
Qualcomm (QCOM) may potentially recover from its nearly 6% drop from September 18. MediaTek has a smartphone processor that Taiwan Semiconductor (TSM) built. That challenges Qualcomm’s higher-end smartphone markets.
SpaceX (SPCX) is stuck in the $150 range. However, once Nasdaq 100 (NDX) assigns a larger weighting, the quarterly rebalance will force passive index investments to buy more SPCX stock.
