PreMarket Prep Recap: The 4 Stocks Dennis Dick Bought Yesterday

On Wednesday’s PreMarket Prep, co-hosts Joel Elconin and Dennis Dick discussed the bullish chart setups in several tech stocks. 

On Thursday’s show, Dick revealed he had purchased four such stocks for a swing trade. Those stocks are Alibaba Holding Corp BABA, Teladoc Health Inc TDOC, Rocket Companies Inc RKT and UWM Holdings Corp UWMC

For the full discussion on why Dennis bought those stocks, click here or watch it at 5:00 in the clip below.

Other Stocks Discussed On The Show

Tesla Inc TSLA 6:06

• Eli Lilly and co LLY 9:08

• Casava Sciences Inc SAVA 14:06

• Biogen Inc BIIB 14:40

• Sarepta Therapeutics Inc SRPT 15:08

• Beyond Meat Inc BYND 20:30

• The US Dollar 24:40

• Solar Stocks: FirstSolar, Inc. FSLR and SunPower Corporation SPWR 37:10

• Facebook Inc FB 41:30

• Penn National Gaming, Inc PENN 41:55

• DraftKings Inc DKNG 43:15

• Comcast Corporation CMCSA  ViacomCBS VIAC Roku ROKU 43:50

• Lordstown Motors Corp RIDE 48:50

• AMC Entertainment AMC 51:55

• Southwest Airlines Co LUV 54:55

• Ambarella Inc AMBA and GoPro Inc GPRO 56:43

• Desktop Metal Inc DM 1:05:35

• Doximity Inc DOCS 1:07:55

• Rite Aid Corporation RAD 1:09:39

• KB Home KBH 1:12:22

• Darden Restaurants, Inc DRI 1:13:23

• Steelcase Inc SCS 1:14:05

• Bed Bath & Beyond Inc BBBY 1:16:05

• Carnival Corp CCL 1:17:08

• Palantir Technologies Inc PLTR 1:21:14

Featured Guest

Marc Chaikin, Founder of Chaikin Analytics

After 40 years on Wall Street as a trader, stock broker analyst and options trader, Marc founded Chaikin Analytics LLC to deliver proven stochristk analytics to investors and etraders, based on the Chaikin Power Gauge, a 20-factor alpha model proven effective at identifying a stock’s potential. Chaikin pioneered the 1st real-time analytics workstation for portfolio managers and stock traders, now part of Thomson Reuters’ institutional workstation, and developed computerized stock selection models and technical indicators, including Chaikin Money Flow, which are industry standards.

Topics discussed with Marc:

• Why he’s watching the US Dollar

• His opinion on bank stocks

Watch the full interview with Marc here or at 24:30 in the clip below.

PreMarket Prep is a daily trading show hosted by prop trader Dennis Dick and former floor trader Joel Elconin. You can watch PreMarket Prep live every day from 8-9 a.m. ET here. The replay can be found on Benzinga's YouTube channel, and the podcast is on iTunes, SpotifyGoogle Play, Soundcloud, Stitcher and Tunein.

Meet the Hosts:

Dennis Dick
Joel Elconin

For FASTER NEWS and IN-DEPTH market data, check out Benzinga Pro. CLICK HERE for a free two-week trial.

Like the show? Keep up with Benzinga on all our platforms:
Subscribe to our newsletters
Check out our events Follow us on Twitter
Like us on Facebook

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.