While he waits for a better entry point in some stocks he really likes, Jim believes we’re getting closer to a good opportunity. He’s especially looking to add more consumer stocks after gaining 30% on Chipotle and making a quick 12% on Starbucks. He sold Starbucks after it moved above $100, but Chipotle (CMG) remains in his portfolio. With Starbucks now back below $100, Jim hopes to re-enter—just as he’d like to re-enter Tesla, which he previously sold at $458. And it’s not only those names: he also sees potential in several other stocks featured in this week’s “Trading Tips With Jim.”

Finally, NIO appears to be moving again, and strong gains can come quickly. It’s the pick for the $1,000 challenge and also a holding in his private portfolio.

🚨 Disclaimer: This video is for informational purposes only and is not financial advice. Always consult a professional financial advisor before making investment decisions.