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Steve Grasso Stock Picks

Recent Steve Grasso Stock Picks

Feb 07, 2024 – Buyer of Arm Holdings plc (ARM)

Feb 07, 2024 – Buyer of Las Vegas Sands (LVS)

Feb 07, 2024 – Seller of PayPal (PYPL)

Feb 02, 2024 – Buyer of Alphabet Class A (GOOGL)

Feb 02, 2024 – Buy on pullback on Apple (AAPL)

July 7, 2023

Steve Grasso shared his perspective on the two companies.

“I have owned it since December 2020,” Grasso said of Apple stock.

While Apple’s upward trajectory may now be a grind higher after reaching the $3 trillion milestone, Grasso sees Rivian as an exciting beta play with the potential for a spike higher.

June 16 2023

Steve Grasso said in the live show he is a buyer of Micron (MU) due to positive updates from China.

Apr 12, 2023

Mongodb MDB on the Morgan Stanley upgrade

Mar 24, 2022

Despite the wild swings in Tesla Inc TSLA

shares year-to-date, Grasso Global CEO Steve Grasso has pointed out that the stock is actually less volatile than its EV competitors.

“Tesla is actually seen as the stable EV company,” Grasso said Thursday on CNBC’s “Power Lunch.”

Investors who already own the stock can stick with it at current levels, but if it falls below $971 per share, Grasso recommends selling it. The $971 level marks the 50% retracement from Tesla’s recent high.

“If it breaks below that, I would think about liquidating your position,” Grasso said.

Grasso believes there is more upside potential in Rivian Automotive Inc  RIVN stock.

“I like Rivian because I think they’re really gaining a lot of mental market share and I think one day it’s going to be something that people really want to jump into,” he said.

“People around the neighborhood want to buy a Rivian, they want something new. They don’t want a Tesla anymore, they want something new.”

Grasso said Tesla is being viewed more and more like Ford Motor Co  in terms of being more stable and more investible, while Rivian has taken over as the high-risk play.

Sep 19, 2021

On CNBC’s “Fast Money Final Trades,” Steve Grasso said FedEx Corporation  FDX  hired 90,000 seasonal workers ahead of the holiday season and last year it hired 70,000. The company is bullish on the holiday season, so he is bullish on the stock and he wants to buy it.

Sep 06, 2021

Steve Grasso said Paysafe Ltd  PSFE has not performed at all. He is still in the name and he still has conviction.

Aug 29, 2021

Steve Grasso is a buyer of Trinseo S.A.  TSE

Aug 16, 2021

Steve Grasso said active customers in Chewy Inc  CHWY are increasing, which means revenues are increasing. He is a buyer of the stock.

Aug 08, 2021

Steve Grasso said he thinks investors misheard what Trinseo S.A.  TSE had reported. He is a buyer of the stock.