Which Stocks to Buy Today for Short-Term

Best stock brokers

1

9.4/10

Go to broker

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Minimum deposit:

From $100

Review

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.

Pros/Cons

•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.

•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.

•An opportunity to combine active trading with social trading and passive investing.

•Zero-fee trading of a number of stocks.

•Access to ready-made diversified asset portfolios with various risk levels.

•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.

•Zero fees for portfolio management, depositing funds and account maintenance.

•High minimum deposit for users of a number of countries.

•No live chat on the website for quick connection to customer support.

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2

9.2/10

Go to broker

Your capital is at risk.
Via eOption's secure website.

Minimum deposit:

$1

Review

The eOption broker (eoption.com) is an American stockbroker headquartered in Glenview, Illinois. It has been operating since 2007 and is a member of FINRA (CRD#: 7297/SEC#: 8-21765) and SIPC. It specializes in options trading and also acts as an intermediary in trades involving the popular securities classes. The company offers low trading commissions, super-fast execution of orders, and modern platforms with an advanced set of analytical tools. In 2020-2021, eOption was recognized as the best options broker by several resources such as Investopedia, The Tokenist, Benzinga, Investormint, and NerdWallet.

Pros/Cons

•Low commissions for options trading — $0.10 per contract plus $1.99 per trade.

•No minimum deposit requirements for cash trading accounts opened by US residents.

•FINRA membership and the protection of clients’ funds are available through Securities Investor Protection Corporation (SIPC).

•Access to professional trading platforms such as DAS and Sterling Trader Pro are developed by third-party software developers for the proprietary eOption terminal.

•An affiliate program with high rewards.

•Compensation for commissions for funds or assets from other brokerage firms and institutions transfer.

•Prompt support by phone and online chat in the trading platform during company business hours.

•The narrow range of choice of investment solutions to generate passive income.

•You cannot trade Pink Sheet and Bulletin Board stocks.

•There is no online chat on the company's website.

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3

9.1/10

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Minimum deposit:

$250

Review

The Ally Bank broker is part of Ally Financial Inc., which is an American holding company. The original company was created in 1919 by the General Motors automobile corporation to conduct activities with its auto parts suppliers and associated automobile dealerships. In 2014, Ally started offering banking products, and since 2017, it has also offered brokerage services. Currently, it operates solely as an online bank and brokerage firm and has no physical branches. It does, however, offer favorable terms of cooperation at consistently competitive rates with professional round-the-clock support. The company's services are used by more than 8.1 million customers globally.

Pros/Cons

•It has official licenses for banking, dealer, and brokerage activities from reputable US regulators.

•A wide range of assets is available such as currency pairs, metals, securities, and options.

•There is an opportunity to invest in diversified portfolios for passive profit.

•The company works only with US tax-paying residents.

•On the broker's website, there is no training on trading in various financial markets, nor is there a Forex glossary of terms.

•There are high commissions for withdrawing funds and the company does not compensate customers in any way.

•Only registered users can ask a question in the online chat.

•There is a time-consuming procedure for opening an account, which in some cases takes up to two weeks.

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Best stocks to buy today

Important!

The updated Top 5 Stocks list features the best assets for short-term investing according to technical analysis indicators.

Important!

The stocks in the ranking are automatically selected based on the Traders Union's custom-made algorithm. The algorithm takes into account indicators and intraday activity metrics. Please note that short-term trading in stocks is associated with high volatility, and no strategy guarantees a 100% result. This selection is not investment advice.

Google stock review

Google (GOOGL) is one of the largest technology corporations in the world, which includes over 400 companies, startups, and various digital platforms. Since 2015, Google has been a part of Alphabet Inc. Alphabet has two main operational divisions:

• Google LLC. This division operates the search engine, Android, YouTube, Google Cloud, and Google Ads.

• Other Ventures. This group includes not always profitable, but nearly always promising, innovative startups that are financially supported by the corporation - for example, development of self-driving automobiles.

Microsoft stock review

Microsoft (MSFT) is another of the largest technology companies in the world, ranked on top in segments including information technology, computer software, personal computers, mobile devices, etc. All areas of operation of the multinational company are divided into three groups: Productivity and Business Processes, Intelligent Cloud, and Personal Computing. Microsoft stock is included in the NASDAQ Technology Index.

In the past five years, the MSFT stock price has been steadily moving up, recording several new all-time highs. The price chart shows short-term drawdowns, indicating resistance of the company to various negative external global factors. One of the key questions of the investors is whether the company will be able to continue to lead in the technology segments and the MSFT stock price will continue to grow at the same pace.

Facebook (META) stock review

Facebook (META) is a technology corporation, a leader in the segment of innovative technologies that is developing and launching products in the areas of communications, virtual and mixed realities, software and hardware products. In October 2021, the company, formerly Facebook, changed its name to META and set on a course of development of the Metaverse. The corporation’s structure includes Oculus, one of the top AR/VR developers. The corporation is also involved in development of proprietary cryptocurrency platforms.

META's strategic pivot towards the Metaverse signifies a transformative shift in the way people interact with technology. This groundbreaking endeavor, aimed at fully immersive virtual experiences, opens up vast potential for augmented reality (AR) and virtual reality (VR) applications. Oculus, a META subsidiary, is already making significant strides in VR technology. In addition, META's exploration of proprietary cryptocurrency platforms suggests a vision for a digital economy within the Metaverse, setting the stage for potentially revolutionary changes in financial transactions and online commerce.

Tesla (TSLA)

Tesla (TSLA) is revolutionizing the automotive and energy industries, spearheading the push toward electric vehicles and renewable energy solutions. Based in Palo Alto, California, the company's offerings extend from electric cars and SUVs to solar panels and energy storage systems.

In the automotive sector, Tesla's sleek and high-performing electric vehicles have taken the world by storm. From the sporty Roadster to the mass-market Model 3, Tesla's line-up appeals to a wide range of consumers. You see, the thing is, Tesla doesn't just make cars; they create an entire experience centered around cutting-edge technology, luxurious design, and sustainability.

The stock, traded on the NASDAQ, has seen remarkable growth, reflecting the company's expanding market share and influence. Investors watch Tesla closely, as its disruptive innovations continue to shape the industry and challenge traditional automakers.

Netflix (NFLX)

Netflix (NFLX) is a global leader in the streaming entertainment industry, offering a vast library of movies, TV shows, documentaries, and original content across various languages and genres. Since its founding in 1997 as a DVD rental service, Netflix has evolved into an on-demand streaming giant that reaches over 190 countries.

The company's operations can be broadly categorized into two main segments: Streaming and DVD rental. However, the streaming service is what truly defines Netflix, making it a household name. Its stock is a prominent part of the NASDAQ Index.

In the past few years, Netflix's stock price has demonstrated impressive growth, reflecting the company's expanding subscriber base and international reach. Short-term fluctuations have occurred, but the overall trend is indicative of a company that's thriving in the face of competition and changing consumer behaviors.

How to choose the best stocks for short-term investing

Algorithm for selecting stocks for short-term timeframes:

• Focus on stocks that are well-known, especially if you lack experience. These could be software developers, oil companies, etc. Familiarize yourself with the company's structure and business. Learn what news investors react to, what the prospects are, etc;

• Analyze financial statements: net profit, debt burden, beta coefficient, EBITDA, ROA, ROI;

• Familiarize yourself with the news background. Try to identify which news could affect the price of the stocks of interest in the near future. Determine the market sentiment, which serves as a majority opinion indicator;

• Use screeners. This is an analytical tool that contains all the basic information for analysis - price history, dynamics of changes in several dozen multiples, heat maps, etc. Examples of screeners: Finviz, CompaniesMarketCap.

You can buy stocks on the exchange through a stockbroker or trade stock CFDs with a Forex broker. The differences lie in the pricing. With a stock broker, the fees are usually fixed, per share or per trade. With a CFD broker, there is a spread, which includes the broker's markup. To understand the nuances, practice opening trades on a demo account.

Tips for beginner investors:

• Analyze basic financial indicators in conjunction with all financial statement indicators. For example, if revenue is growing but total debt is growing even faster, this is a negative sign. Understand the essence of the main multiples. Compare them with each other, with similar indicators of other companies in the same segment;

• Compare financial results with forecast indicators. If a company has shown insufficient growth dynamics in the reporting period, its stock price may decrease;

• Diversify risks. Buy stocks of companies from different sectors, different countries. Hedge your portfolio with stock indices.

Additionally, use technical analysis. Patterns, support and resistance levels work well in intraday strategies.

What news can affect the price of stocks in the short term

Factors influencing stock prices in the short term:

• Financial results. Dynamics of revenue growth, profit, and other financial statement indicators;

• Company plans. Introduction of new products, new models to the market. Entry into new markets. These types of news particularly impact the stocks of technology and biotechnology companies;

• Dividend policy. Information about increasing the amount of dividends paid in the short term increases demand for stocks. But after the ex-dividend date, there may be a dip - the dividend gap;

• Overall industry situation. If there is stagnation in the industry, in the country's economy, or in the global economy, more stocks also depreciate;

• Change in interest rates. If the rate is lowered, money becomes cheaper. Rates on government bonds decrease, and investors' money flows into stocks that are rising;

• Business diversification. Purchase/sale of divisions, business optimization/restructuring, entry into a new area of business. News can have both positive and negative effects;

• Local news. For example, investments by software developer MicroStrategy in BTC positively affect the growth of stock prices.

On short-term timeframes, stock prices can be influenced by speculative capital and market makers.

Conclusion

On a long-term interval, stock indices and shares predominantly exhibit an upward trend. Short-term strategies offer an opportunity to capture this upward trend and additionally profit from intraday volatility in both directions.

Shares have several advantages:

• Compared to currency pairs, there is no growth ceiling for shares. Therefore, ultimately, there is a high probability of earning profits;

• Compared to cryptocurrencies, shares are more predictable since they mainly react to fundamental factors rather than the speculative reaction of the majority.

Diversify your investment portfolio, include stock indices, analyze markets, don't be afraid to take risks, and don't panic during short-term reversals. Also, build your trading experience with reliable brokers!