Best Stocks for Day Trading: 12 Stock Picks

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8. Rocket Lab Corp. (NASDAQ:RKLB)

Beta: 2.2

Average Volume: 23.5 Million

Number of Hedge Fund Holders: 46

Rocket Lab Corp. (NASDAQ:RKLB) is one of the best stocks for day trading. The stock currently trades near the top of its 52-week range of $6.20-$53.40, and is another name on our list with high volatility, with an average daily trading range of around 9%.

Rocket Lab Corp.’s (NASDAQ:RKLB) stock has already delivered exceptional gains, climbing 675% over the past year and more than 87% year-to-date.

On September 3, Needham’s Ryan Koontz reiterated a Buy rating on Rocket Lab Corp. (NASDAQ:RKLB) with a $55 price target. The analyst highlighted the opening of Launch Complex 3 at Wallops Island, Virginia, as an important milestone that paves the way for the company’s Neutron rocket program.

Koontz said the new facility gives Rocket Lab Corp. (NASDAQ:RKLB) a stronger footing against rivals like SpaceX, with management aiming to launch Neutron by late 2025. Company leaders, employees, and local officials have all expressed confidence in meeting that target. The analyst believes that, backed by a solid track record in launch services, Rocket Lab Corp. (NASDAQ:RKLB) appears well placed to capture additional market share as it expands into the medium-lift segment.

Rocket Lab Corp. (NASDAQ:RKLB) is an end-to-end space company that provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions.

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