Shift Technologies, Inc. (SFT)

(A Top Pick Dec 15/20, Down 19.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with SFT recently triggered our stop loss at $6.50. We recommend covering the position at this time. We will continue to look for better opportunities.

Stockchase Research Editor: Michael O'Reilly SFT provides an online platform for consumers to buy and sell new and used cars. The pandemic has led to disruptive alternatives to traditional dealerships. The company is unique in that it owns all the vehicles, handles trade-ins, and certifies and repairs cars as needed. They can expedite the entire purchase process in under two hours. The company was not profitable in the last quarter, but revenues and sales are rising by over 30% annually. Gross profit per unit sold is over $1200, a positive signal towards profitability. We would purchase this with a stop-loss at $6.50, looking to achieve $15.00 -- over 75% upside. Yield 0% (Analysts’ price target is $15.00)