Investors are on the hunt for undervalued, under followed and emerging stocks. 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 Sept. 8, 2023.
Palantir Technologies PLTR: The software company attracted interest from investors this week, which comes as a report says the company is part of a group that will help advise President Joe Biden and the White House on regulation of the artificial intelligence sector. Palantir CEO and co-founder Alexander Karp is among the vocal group who thinks the AI sector needs more regulations going forward. The White House is expected to announce plans on Sept. 12, which could put Palantir shares back in the spotlight. Shares of Palantir are up 138% year-to-date, but have pulled back as artificial intelligence-linked stocks cool off despite impressive gains earlier in the year.
Related Link: 10 Short Squeeze Stocks To Watch
ThredUp Inc TDUP: The resale ecommerce company saw strong interest from readers, despite minimal news from the company. ThredUp reported second quarter financial results in August, which saw revenue up 8% year-over-year. The company also shared an update on its Resale-as-a-Service platform where it partners with big brands. New deals were reached with TOMS, The Container Store and American Eagle. ThredUp could see increased interest in the coming weeks with presentations planned at the Goldman Sachs Global Retailing Conference and the Wells Fargo Consumer Conference set for Sept. 13 and Sept. 21 respectively. ThredUP saw several price target increases from analysts after the latest financial results.
Solowin Holdings SWIN: The Chinese securities and brokerage company went public on Thursday Sept. 7 and saw huge volatility as a low float stock from the start of trading. The company offered two million shares at a price point of $4. Shares were halted after going public and saw huge volume. Shares of the company traded between $4.10 and $12.74. Low float IPOs have gained interest from retail traders in recent years.
Sportsman’s Warehouse Holdings SPWH: The outdoor sporting goods retailer saw shares decline after reporting second quarter financial results that had revenue and earnings per share both miss estimates from analysts. The company’s net sales were down 11.8% year-over-year in the second quarter, and same store sales declined 16.1%.
“We were disappointed with our second quarter results and the slow-down in store traffic, as the challenging macroeconomic conditions continue to pressure consumer discretionary spending,” interim CEO Joseph Schneider said. “Given results came in below our expectations, we are taking additional actions to reduce our overall expense structure to closer align with current sales trends.”
The company is searching for a new CEO, which could be a future catalyst for the company. As a retailer of guns and shotting accessories, the company could see increased interest from investors ahead of the 2024 election with guns often a hot political topic.
American Rebel Holdings AREB: The safe and personal security company saw shares increase Thursday after an update from the company. American Rebel said its Champion Safe brand has been “bombarded with calls from dealers and customers.” The news comes after safe company Liberty Safe angered many gun owners after giving access codes to a safe to the FBI.
“At American Rebel we have an unwavering commitment to building the next great brand that embodies the very essence of American patriotism,” American Rebel CEO Andy Ross said. “Customers want to purchase products that share their values. I am very proud to announce that we will be introducing American Rebel Beer in early 2024.
Investors should note that American Rebel has a market capitalization of $3 million making it a micro-cap stock.
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