Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks.
The data on the trending tickers is compiled from a list of most-discussed tickers on the popular Reddit forum WallStreetBets.
Using the Benzinga Pro Newsfeed, traders and investors can quickly search for recent news on a stock and make a decision about what a stock might be moving on today.
- Peloton (NASDAQ:PTON) - Analysts responded to the company’s Tuesday morning earnings report, news of a new CEO and restructuring plan. At least seven sell-side analysts adjusted their price targets on Peloton Wednesday morning – four analysts raised their targets while three analysts cut their targets. In addition, Citron’s Andrew Left issued a report that speculated why Peloton should buy Blue Apron (NASDAQ:APRN).
- GameStop (NYSE:GME) - The company cashed out $47 million worth of Immutable X (CRYPTO: IMX) tokens shortly after announcing it had partnered with the blockchain platform for its upcoming NFT marketplace. Investors have been focused on a notable technical level around the $115 level.
- Advanced Micro Devices (NASDAQ:AMD) - Daiwa Capital upgraded the stock to a Bu and raised the firm’s price target to $150.
- NVIDIA (NASDAQ:NVDA) - The stock pulled back from recent highs over the $257 level following a Tuesday report NVIDIA and its partner for the merger, Softbank, terminated the deal to buy Arm Limited.
- Tesla (NASDAQ:TSLA) - Shares continued to rebound over an important technical level at $900 Wednesday morning. Tesla had several news items overnight related to a lawsuit expected to be filed against the company in California and a small recall of about 27,000 Tesla vehicles, but the stock didn’t seem to be reacting to either news item.
- Disney (NYSE:DIS) - The stock traded up ahead o earnings, expected out after the close Wednesday.
- Alibaba (NYSE:BABA) - Traders and investors await earnings; while Alibaba reported third-quarter earnings on Feb. 3, 2021, the company has not yet confirmed the earnings date for this year's third-quarter report.
- Corsair Gaming (NASDAQ:CRSR) - The company reported better-than-expected earnings and gave strong guidance on Tuesday afternoon. Despite the report, shares traded down about 1% Wednesday morning.
- Tilray (NYSE:TLRY) - The company’s SweetWater Brewing Company unit reported an expansion of its distribution across the state of California. An industry-wide report from Alan Brochstein’s New Cannabis Ventures showed “Plunging Prices Push Michigan Cannabis Sales 9% Lower In January.”
- CVS Health (NYSE:CVS) - The company reported strong earnings but gave FY22 guidance that was near the low end of the analyst consensus estimate. Shares were down about 5%.
