The Unseen Gems Beyond the Surface
Embarking on a quest every week, the Benzinga’s Stock Whisper Index dives deep, utilizing proprietary data and discerning patterns to spotlight five stocks subtly shimmering just below the surface, beckoning attention.
As investors roam the landscape in search of undiscovered, under-covered, and burgeoning stocks, the challenge often entails sifting through a plethora of options to unearth enlightening insights.
This index delicately weaves editorial insights to shed light on why these stocks merit attention and whether investors or casual observers should keep them under close watch.
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A Peek into the Benzinga Stock Whisper Index
Canopy Growth Corp CGC: Recent developments have spurred interest in this cannabis company as shares ascended following Germany’s legalization of cannabis possession and cultivation, declaring medical cannabis non-narcotic.
This news from Germany arrives amid the volatile terrain of cannabis stocks, influenced by Vice President Kamala Harris‘s statements urging the DEA to reschedule marijuana.
Canopy Growth’s CEO, David Klein, anticipates Germany’s cannabis market ballooning from $500 million to over $2.5 billion in the next two years, envisioning a market poised to expand tenfold, primarily through the medical channel.
JD.Com Inc JD: The Chinese e-commerce giant garners increased interest from investors, fueled by notable achievements and potential stemming from its recent fourth-quarter financial results and bolstered by Chinese stocks’ buoyancy post the National People’s Congress event.
The company outperformed revenue projections in the fourth quarter, marking several milestones during the JD Singles Day Grand Promotion in 2023, demonstrating growth strides in its JD Health and JD Logistics realms, prompting analysts to elevate their price targets post-report.
MicroStrategy Inc MSTR: This software firm and Bitcoin holder captivates traders seeking exposure to the leading cryptocurrency with its continual Bitcoin acquisitions, recently clinching 9,245 Bitcoins in March, escalating its total holdings to 214,246 BTC, secured at an average price of $35,160.
Amid MicroStrategy’s 587% surge in shares and Bitcoin’s 140% hike over the past year, short seller Kerrisdale Capital reveals a bearish stance on MicroStrategy and a bullish outlook on Bitcoin, highlighting the notable price chasm that would justify MicroStrategy’s lofty valuation, should Bitcoin reach $177,000.
Kerrisdale contends that while MicroStrategy was once a convenient conduit to Bitcoin exposure, investors can now seamlessly access the cryptocurrency, including through the recently sanctioned spot Bitcoin ETFs.
AMC Entertainment Holdings Inc AMC: The cinema titan witnesses a downward drift in shares after unveiling an at-the-market offering to sell up to $250 million in common stock intermittently. The proceeds intend to retire debt, fortify liquidity, and serve general operational needs, particularly following a lackluster first-quarter box office performance due to Hollywood labor disputes in 2023.
AMC’s initiative followed robust fourth-quarter revenue and earnings per share outcomes, surpassing analyst expectations.
IonQ Inc IONQ: The quantum computing maven captures investor attention, possibly inspired by recent milestones, including a strategic collaboration with South Carolina Quantum to advance the quantum sphere in South Carolina.
IonQ also welcomed renowned quantum algorithm expert, Dr. Martin Roetteler, aboard to spearhead the Quantum Applications division, leveraging his extensive quantum industry experience from stints at Microsoft and NEC Laboratories.
Anticipate next week’s revelations, and track Benzinga Pro for up-to-the-minute updates and pivotal market trends here.
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Immerse yourself in insights from Canopy Growth CEO, David Klein, at the Benzinga Cannabis Capital Conference in Hollywood, Florida, on April 16-17. Snag your tickets swiftly as prices are set to ascend shortly! You can grab a 20% discount on tickets by clicking here without delay.