5 Best Day Trading Stocks to Buy For June 2021

Day trading is a skill that has been the driving force behind the success of many famous traders such as Steven Cohn and Jesse Livermore. Picking a good day trading stock is one of the most essential skills a trader can possess. With that in mind, here is a list of the top stocks you can invest in if you are into day trading for June 2021.

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1. Tesla Inc. – (NASDAQ: TSLA)

Tesla is one of those companies that have been defying the odds for the past decade. The company’s revenue recently turned Wall Street’s pessimistic estimates upside down, by recording a 40% increase to $9 billion. It is one of the companies that are pushing towards global environmental upliftment and preservation.

Tesla was one of the trending stocks of 2020 and continues to be so this year as well. This makes it attractive for day traders because of the swing trading opportunities it provides. An analysis of Bollinger bands reveals a large price to volatility action to changing stocks. In other words, TSLA can provide profitable swing trade opportunities in both directions.

Tesla is also one of those companies which are in the news more often than not, placing it higher than mere positive or negative speculation. The company’s daily trading volume increased exponentially with around 200% recorded in a month according to analysts.

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2. Advanced Micro Devices Inc – (NASDAQ: AMD)

Advanced Micro Devices Inc. was founded in 1969 and has since become a household name in computer processors and related technologies. The company offers a wide range of product lines catering to both business as well as consumer spheres. This includes embedded system applications, PCs, graphic processors, motherboard chipsets and microprocessors. Since January of last year, AMD has been growing around 200%.

AMD will definitely benefit from the pandemic as work from home becomes the new norm across the globe. With this shift comes increased demands from companies looking to provide employees with better infrastructure in their residence The past few months have seen a drastic growth in demand for faster laptops and PCs. Bollinger Band analysis of the stock shows that there is a strong increase in price to volatility action, making it one of the best stocks to buy at the moment.

Apart from the increased demand for laptops and PCs worldwide, AMD has been in the news lately due to negotiations by US lawmakers for a $900 billion stimulus deal. The company’s trading volume has seen a dramatic increase bolstered by continuous speculation regarding the stimulus bill.

67% of all retail investor accounts lose money when trading CFDs with this provider.

3. Aegon N.V. ADR- (NYSE: AEG)

Aegon N.V. is a Netherlands-based life insurance and asset management company established in 1983. The company provides a simple way for U.S. market participants to access foreign companies while trading and investing. Considering the present scenario, it one of the best day trading stocks for under $5.

The company has recently adopted cost-cutting solutions by selling non-core volatile businesses under it. By reducing its risk exposure, it has become one of the trending stocks lately. The market generally welcomes such growth-driven financial decisions.  Bollinger Band analysis on this stock reveals strong speculation build up in price to volatility action. Since institutional buyers are starting to take interest in the stock, higher volatility is observed during opening sessions.

Aegon N.V. ADR has also been in the news lately after the company announced a target cost cut of 13% to be achieved by 2023. As interest in the stock rises, the trading volume is expected to rise in the coming days.

67% of all retail investor accounts lose money when trading CFDs with this provider.

4. Amrep Corp – (NYSE: AXR)

Amrep Corp is a New Jersey-based company established in 1961. The entity is primarily involved in media services and real estate management, via its subsidiaries: Kable Media Services Inc. and AMREP Southwest Inc. It is also regarded as one of the best penny stocks in the current market.

Because of unexpected positive results in the company’s latest financial reports which amounted to a net income of $798,000, Amrep Corp. has become a trending stock. Analysis of Bollinger Bands reveals a strong build in price to volatility action amidst an uptrend. This is due to traders taking more positions on the stock recently.

Amrep Corp has been in the news lately due to its positive financial results for 2021 as well as breaking its 52 week high of $7.53. It is an ideal stock for day traders wanting to capitalize on high speculations and price movements. It recorded one of its highest trading volume on December 2020 with more than 77,000 shares traded on that day.

67% of all retail investor accounts lose money when trading CFDs with this provider.

5. Roku Inc. – (NASDAQ: ROKU)

Roku Inc. is a U.S.-based company established in 2002, offering digital streaming and hardware. As a service provider as well as a unique OTT hardware provider, it has achieved exponential growth over a small time due to the increase in OTT viewership. The company offers set-top boxes that deliver OTT content and live streams in addition to its own channel.

Recent lockdowns have added to the viewership for on-demand and live streaming services, making Roku Inc. a trending stock. Bollinger Band analysis reveals a strong increase in price to volatility action, further helped by trends moving towards buying.

OTT platforms like Roku Inc. have been in the news lately due to their attractive content and growth in viewership. The recent pandemic has acted as a growth catalyst for the company as it has been experiencing high trading volumes for the past several months.

67% of all retail investor accounts lose money when trading CFDs with this provider.

 

The above stocks are just some of the best stocks to watch for day traders, who need to pay constant attention to stock movements and news.  Once set with your strategy, just choose a broker and start trading.

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