Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance to uncover new information.
This index layers editorial commentary to help make sense of why these stocks should be of interest and whether investors or casual readers should watch them.
Related Link: Coinbase Q4 Earnings: Revenue Beat, Surprise Profit, Crypto Update And More
Here is a look at the Benzinga Stock Whisper Index for the week of March 1:
Coinbase Global COIN: The cryptocurrency exchange company saw strong interest from traders during the week, which came as the price of Bitcoin BTC/USD soared past the $60,000 level. On Wednesday, an outage impacted Coinbase, which showed $0 balances for customers.
Coinbase CEO Brian Armstrong said that customers accounts were safe and the errors would be fixed. Armstrong said the company was seeing a "large surge of traffic." The increased traffic and interest could be an item for investors to watch as cryptocurrencies are seeing renewed interest and soaring prices.
Coinbase is also seen as a winner from the approval of Bitcoin ETFs as the custodian of record for many of the ETFs. The Bitcoin ETFs are seeing record inflows over the past week.
Palo Alto Networks PANW: The cybersecurity company saw increased interest and a rebound in its share price after falling last month due to weak guidance reported. Investors are looking at cybersecurity stocks with the new regulatory rules that make companies have to keep their systems up to date to prevent security incidents from happening and report on any incidents. Wedbush analyst Daniel Ives said recently "now is not the time to go negative on Palo Alto Networks."
There are brighter days ahead with cybersecurity remaining a top priority, the analyst said. Investors may also be turning their attention to Palo Alto Networks after Congresswoman Nancy Pelosi disclosed that she and her husband bought call options in the technology company.
The purchase is the first disclosed by Pelosi since a recent buy of NVIDIA Corporation NVDA call options, which are up over $1 million.
MicroStrategy Inc MSTR: The software company has shares trading at 52-week highs with the surge in the price of Bitcoin leading to increased attention. MicroStrategy is one of the largest holders of Bitcoin, recently adding 3,000 BTC between Feb. 15 and Feb. 25.
The company now owns 193,000 Bitcoin with an average price point of $31,544. MicroStrategy Executive Chairman Michael Saylor previously told Benzinga that the company's "simple strategy" is to acquire Bitcoin and hold the Bitcoin.
Celsius Holdings CELH: The drink company saw shares climb to all-time highs after reporting fourth-quarter results. The company reported earnings per share and revenue that both beat Street consensus estimates. Celsius reported North American revenue of $333, which was up 97% year-over-year and international revenue of $14.6 million, which was up 68% year-over-year. While some retail traders are familiar with the company and have witnessed the 6,000% gains
Along with the earnings report, an appearance by company CEO John Fieldly on CNBC may have helped increase interest in the stock. The CEO said "there's a huge opportunity for us in the category," which comes as revenue has been doubling on a year-over-year basis.
"There's a ton of runway. The energy category is one of the fastest growing categories in food and beverage and we are positioned for today's health-minded consumer."
Celsius also saw several analysts raise their price targets on the stock after the earnings report.
Sidus Space Inc SIDU: The space-as-a-service company saw shares soar during the week after a company update said its LizzieSat satellite is preparing for a launch in March. The mission of the LizzieSat satellite includes collecting data for the agriculture, maritime and oil and gas sectors. The company previously appeared on the Stock Whisper Index in January after receiving a Tier 1 remote sensing license and sharing an update on the LizzieSat launch. Shares of the space stock fell after announcing a share offering later in the week.
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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