12Mar10:45 amEST

A Regular Cottage Industry of Hot Stocks

All of the derivative plays sprouting from the Uber/Lyft ride-sharing popularity are sure to attract some hot money, and HyreCar (HYRE) is a pretty good example of that phenomenon. HYRE has earnings coming up this Thursday. But the stock is already trading we'll ahead of its average volume today and is sporting an enticing chart for a quick long idea. 

On the HYRE daily chart, below, note the spurts of buy volume since January, with price basing right at that $6 resistance area. 

To be sure, earnings will be a major wildcard in terms of whether HYRE conquers $6 or needs more time, or perhaps even getting swiftly rejected.  

But the appeal of the ride-sharing theme and all of the ancillary plays is certainly another niche segment in the market, not unlike pot stocks, which can see hot money traders consistently returning to for the foreseeable future. 

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