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Benzinga Pro’s Top 5 Stocks To Watch: IBM, APDN, SPOT, THC, DKNG
Today's 5 Stock Ideas:
- IBM (IBM) – Will report quarterly earnings after market close on Monday, Jul. 20.
- Applied DNA Sciences (APDN) – Will be Friday morning's big winner. The company announced preclinical results from LineaDNA vaccine candidates for coronavirus showed evidence of production of antibodies, t cell responses in mice. The stock was up 70% in pre-market action.
- Spotify (SPOT) – Despite Spotify shares having doubled over the last two months, a SunTrust analyst came out Wednesday and raised his price target on the stock to $290. The new price target suggested 11% further upside in the stock.
- Tenet Healthcare (THC) – Shares closed up 7% Thursday on no news but some unusual option activity, highlighted on CNBC by options expert Jon Najarian.
- DraftKings (DKNG) – A momentum play. Shares have now rebounded notably after the stock fell 33% from the end of June to a low around $27. Shares are now back over the $30 level and recently broke above the top line of downtrend channel.
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July 17, 2020 • 11:57 am 