Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Are Secretly Monitoring But Not Talking About Yet

Investors are on the hunt for undervalued, underfollowed and emerging stocks, and retail traders have countless methods at their disposal to uncover new information.

For some, this may be overwhelming.

Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks each week that are just under the surface and warrant attention.

The index layers editorial commentary to help make sense of why these stocks should be of interest and whether investors and casual readers should watch them.

Here is a look at the Benzinga Stock Whisper Index for the week of Aug. 5, 2023.

Tupperware Brands Corporation TUP: The well-known consumer products company appears in the Stock Whisper Index once again. Shares of Tupperware exploded higher Thursday after market close when the company announced a debt restructuring agreement. The deal will provide a reduction and reallocation of debt. Tupperware has been moving up the Fintel short squeeze leaderboard, ranking 52nd to start the week. Data shows 25.1% of the float short and a cost to borrow of 75.5%. The company is expected to report second quarter financial results in the coming weeks, which could make shares more volatile.

Related Link: Exclusive: The 20 Most Searched For Tickers On Benzinga Pro From The First Six Months Of 2023 

Adamis Pharmaceuticals Corporation ADMP: The specialty biopharmaceutical company saw shares surge earlier this week after reporting it sold land, building and assets in an SEC filing. The company also announced a collaboration related to an intranasal naloxone, which is comparable to Narcan. Shares saw a drop after the company announced a public pricing of 5.93 million units at $1.35 each.

T-Stamp Inc IDAI: A global provider of AI-powered identity services, Trust Stamp saw several news items released during the week that made shares highly volatile for the week. The company announced that its privacy-first biometric technology is getting implemented with seven additional financial institutions.

“We are encouraged by the growing demand for our privacy-first technology from enterprises of all sizes across the banking industry. The regulatory environment governing the banking and biometric sectors continues to evolve,” Trust Stamp President Andrew Gowasack said.

Gowasack said the company is on pace to have 45 to 50 financial institutions using its biometrics product by the end of 2023.

Trust Stamp also received a patent related to AI-powered technology.

Traeger Inc COOK: The grilling and cooking company saw shares widely followed this week as second quarter financial results were reported. The company saw revenue of $171.5 million, which was down 14% year-over-year. Traeger improved on its net loss and grew adjusted EBITDA, both of which were cheered by investors. The company also raised its revenue and adjusted EBITDA guidance for the full year.

"I am pleased with the significant progress we have made in improving our financial positioning over the last several quarters. Specifically, our efforts to rightsize both balance sheet and channel inventories have allowed us to enter the second half of the year in a substantially more balanced position. Given our better than anticipated results for the first half of the year, today we are increasing our revenue and Adjusted EBITDA guidance for Fiscal 2023," Traeger CEO Jeremy Andrus said.

Driven Brands Holdings Inc DRVN: The automotive services company saw shares drop after reporting second quarter financial results. Second quarter revenue was up 19% year-over-year and same-store sales were up 8% year-over-year. The company lowered its full-year guidance due to weakness in its car wash and auto glass segments. Shares are down over 40% in the last month, with multiple analysts lowering their price targets after the quarterly results and guidance.

Check out the most recent Stock Whisper reports here:

July 14

July 21

July 28

Stay tuned for next week’s report, and follow Benzinga Pro for all the latest headlines and top market-moving stories here.

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