Every month, Rich provides his community with ten of the best stocks to buy or watch over the coming weeks. Last month, he prophecized some companies that went on to be several of the biggest gainers of July.
“We keep picking winner after winner,” Rich says. Hopefully, this month will be no exception.
#10 Best Stocks to Buy or Watch in August 2020: Tortoise Acquisition Corp (NYSE:SHLL)
Tortoise is a special purpose acquisition company. Its expertise spans across the energy and infrastructure value chain. The company’s strategy has long been to take advantage of the global opportunities created by the energy transition.
In mid-June, Tortoise announced that it is merging with Hyliion. The new company will remain on the NYSE under the ticker symbol (“HYLN”). While the definitive date of the merger has yet to be announced, speculation puts it around the end of the month.
“This acquisition, which is coming soon, could become a major catalyst,” says Rich. “I believe we could see this stock skyrocket.”
After hovering around the $10.00 mark for more than a year, SHLL shares exploded once the merger was announced. They are currently trading at $19.37.
#9 Best Stocks to Buy or Watch in August 2020: Landcadia Holdings Inc. (NASDAQ:LCA)
Landcadia Holdings Inc. refers to itself as a “blank check” company. It was formed for the purpose of effecting a merger, asset acquisition, stock purchase, reorganization or similar business combination with other businesses. Essentially, it’s a company that exists to develop into another company, not unlike Tortoise.
A little over a month ago, Landcadia announced that it entered into a Purchase Agreement to acquire Golden Nugget Online Gaming (GNOG). GNOG is a US online real money casino, recognized as an industry-leading online casino that brought Live Dealer to the US market place.
“I think now is the time for a position in Lancadia Holdings,” Rich opines. “I believe this is a company that can go much higher.”
Also mirroring Tortoise, LCA shares spent months near $10.00 before suddenly exploding on the acquisition news. While that boon was short lived, LCA was again gaining value all last week. The stock is currently trading at $12.19.
#8 Best Stocks to Buy or Watch in August 2020…
For the rest of Rich’s list, be sure to watch his video embedded above. And keep watching RichTV Live for more updates and insights for the best stocks.
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