Trending Stocks to Buy Before The Weekend

Hassan Maishera - December 6, 2019

The stock market is usually bustling with activity. However, some stocks are more active than others. Trending stocks usually have lots of trading volume. Above-average volume often signals that a stock is making a drastic move.

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Stock Market News This Week

This week’s big story is the US-China trade talks. The mood around trade soured a bit this week, and it led to a chaotic week for investors. A few weeks ago it was a foregone conclusion that tariffs schedule for December 15th would be postponed, but that might not be the case.

The trade spat with Europe is also heating up. In retribution for France’s digital tax, which disproportionately targets American tech firms, President Trump promised tariffs on French wine, cheese, and luxury products. The E.U. promised to retaliate.

Despite the problems, the market keeps heading higher. The Chinese commerce ministry reassured the market by saying trade negotiations remain on track, but they also reaffirmed their commitment to tariff roll-backs being incorporated in the phase-one deal. Trump has been firm that tariffs would remain in place until a full deal is signed.

If the two sides can’t come to an agreement and December 15th take effect, it could incite a sell-off. However, Trump has an out. He can always say that negotiations are progressing so he’s decided to postpone tariffs.

Either way, we’re sure to hear a lot more about trade in the near future.

Five Trending Stocks You Can Buy Now

Chesapeake Energy Corporation (CHK)

Traders poured into Chesapeake Energy Corporation after the troubled utility stock announced it had secured a loan to help finance an unsecured note offering. The stock price is down by 2.6% at Friday’s pre-market trading session. This comes despite some debt-relieve moves made by the company recently. However, the trading volume is over 122 million over the past 24 hours.

The Oklahoma City-based fracking firm announced Wednesday that it’s working to secure a 4 1/2-year term loan of $1.5 billion. Chesapeake plans to use the funds to finance a tender offer for unsecured notes.

Nio Inc. (NIO)

53 million shares of Nio Inc. changed hands during yesterday’s session, making the Chinese EV manufacturer one of this week’s trending stocks. The stock price was down 6% over at yesterday’s close, but Nio could rebound over the next few days.

trending stocks ev Nio China

Nio is one of the leading producers of electric vehicles in China. The company recently debuted a new SUV model.

The Chinese electric car startup will introduce its third sport utility vehicle. The SUV is expected to be a streamlined model that would help boost demand for electric vehicles in China. Nio Inc. continues to struggle as the demand for electric cars in China keeps declining. This latest development could see Nio Inc.’s shares gain more attention from investors.

Naked Brand Group Ltd (NAKD)

Naked Brand Group also exhibited some unusual trading activity this week. Investors traded over 51 million shares yesterday, and share prices were up 3.5% at Friday’s pre-market session.

There is no apparent catalyst behind the movement of the apparel and swimwear company’s shares. However, the very low price of Naked Brand Group’s stock could be a significant reason why it getting a lot of traction.

General Electric Company (GE)

General Electric is the most popular name on this list. The company’s stock has been seeing a lot of activity recently, with 46 million shares traded yesterday. However, the stock price has been underperforming lately and is down by 1% in the last few hours.

Trending stocks GE industrials

GE showed signs of elevated trading volume this week, it could indicate that a move is imminent.

Late last month, General Electric appointed Carolina Dybeck Happe, as its new Chief Financial Officer. This is the second-biggest appointment of the year for this industrial stock, as it attempts to recover from a multi-year slump.

Dybeck will work with CEO Larry Culp starting early next year. It marks the first time GE has appointed two outsiders to its top executive positions in its century-long history.

Financial Select Sector SPDR Fund (XLF)

The shares of the Financial Select Sector SPDR Fund is trending and could represent a good buy before the weekend. Trading volume touched 44 million over the past few hours, and share prices also went higher over that period.

There is no clear catalyst responsible for the Financial Select Sector SPDR Fund’s movement. However, it could see more activity over the coming days.

More Trending Stocks to Buy Before The Weekend

The market is amped up and these trending stocks are getting extra attention, so they could rally into next week. Subscribe to the Dork to follow all things trending stocks. You can get even more stock market news by following the Stock Dork on Twitter and Facebook. Don’t miss another update, sign up for mobile Dork Alerts to get hot stock picks, insights, and analysis delivered directly to your phone.

Hassan Maishera is a cryptocurrency expert and a Stock Dork freelance contibutor.

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