Best Mid Cap Stocks to Watch - March 8th

Today, we focus on five mid-cap stocks that investors should keep an eye on: ProShares UltraPro Short QQQ, Direxion Daily TSLA Bull 2X Shares, Walgreens Boots Alliance, American Airlines Group, and Marathon Digital Holdings (MARA). Mid-cap stocks represent companies with market capitalizations that sit comfortably between small-cap and large-cap firms. These companies often strike a balance between growth potential and stability, making them appealing for investors seeking a moderate risk profile. Recent trading volumes for these stocks have been substantial, indicating heightened interest.

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ is designed to deliver three times the inverse of the daily performance of the NASDAQ-100 Index, which covers 100 of the largest non-financial stocks listed on NASDAQ. Recently, SQQQ traded at $34.47, up slightly during midday trading. The trading volume reached over 103 million shares, significantly higher than its average of about 63 million shares. Over the past year, the stock has seen a low of $26.21 and a high of $64.95.

Direxion Daily TSLA Bull 2X Shares (TSLL)

This fund aims to provide double the daily return of Tesla's stock. On Friday, TSLL traded down to $10.66, with a trading volume of about 142 million shares. The stock has a market cap of approximately $2.06 billion, and interestingly, its beta value is quite negative at -5.14, indicating an unusual response to market movements. Over the last 12 months, TSLL has fluctuated between $4.94 and $41.50.

Walgreens Boots Alliance (WBA)

Walgreens Boots Alliance is a key player in the healthcare and pharmacy sector, conducting operations across the United States, the UK, Germany, and more. Its stock saw an increase to $11.39 recently, with trading volumes reaching 104 million shares. The company has a market capitalization of $9.84 billion and a price-to-earnings ratio of -1.11, reflecting various current challenges. Over the past year, WBA shares reached a low of $8.08 and a high of $22.05.

American Airlines Group (AAL)

American Airlines Group is a large network carrier, providing ongoing air transportation services for both passengers and goods. The stock is currently valued at $13.03, and recent trading volumes totaled about 76 million shares. AAL has a market cap of $8.57 billion, with a P/E ratio of 11.43. The company's shares have fluctuated within a 12-month range of $9.07 to $19.10.

Marathon Digital Holdings (MARA)

MARA is making headlines as it recently traded at $16.02 with substantial interest, as evidenced by a trading volume of 59 million shares. The company has a market cap of approximately $5.44 billion. Over the past year, MARA shares have ranged from $12.05 to $30.28. Financial ratios indicate a healthy liquidity position, boasting a current ratio of 4.00 and a low debt-to-equity ratio of 0.22.

Stocks, Investing, Market