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.
Nvidia NVDA: Shares have suffered at the hands of 2022’s extremely volatile environment and sit 19.43% into the red year-to-date. However, solid performance is expected in the chip maker's gaming and data center businesses when it reports earnings Wednesday.
Tesla TSLA: Tesla said Monday it has expanded its supercharger network across all of Netherlands; “Our goal is to learn and iterate quickly, while continuing to aggressively expand the network, so we can eventually welcome both Tesla and Non-Tesla drivers at every Supercharger worldwide.”
Roblox RBLX: Shares are trading higher after BofA Securities reinstated a Buy on the stock and announced an $84 price target. The company is expected to report earnings after Tuesday's closing bell.
Palantir Technologies PLTR: Shares of the software analytics firm were up Monday due to a note from the CEO that read “Every large organization, in every industry and sector in the world, is becoming a software company, willingly or otherwise. There are no goods or services or government today without software.” The company reports earnings Thursday.
Advanced Micro Devices AMD: Shares of the semiconductor manufacturer were trending higher on Monday as the company completed the acquisition of Xilinx. This move bolsters the competition between Intel INTC and AMD.
Forestar Group FOR reported quarterly earnings of 81 cents per share, which beat the analyst consensus estimate of 67 cents by 20%. The company reported quarterly sales of $407.60 million, which beat the analyst consensus estimate of $358.10 million by 13.82%.
Virgin Galactic Holdings SPCE: Shares were trading higher after the company announced ticket sales will open to the general public starting Feb. 16.
Shopify SHOP: Shares of the stock have been trending lower this week after receiving an Underperform rating, while Keybanc maintained an Overweight and lowered the price target from $1,250 to $1,150.
Post Holdings Inc. POST: Post is expected to distribute approximately 78 million shares of common stock of BellRing Distribution on a pro rata basis to Post shareholders on the distribution date for the spin-off, which is Feb. 25.
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