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: The ‘Mag 7 Bench' – Josh Brown Picks The Next Magnificent 7 Stocks
Here’s a look at the Benzinga Stock Whisper Index for the week of May 31:
- DoorDash Inc DASH: The food delivery company saw increased interest during the trading week. The increased interest comes with relatively little news on the company and weeks after first quarter financial results were reported. DoorDash reported revenue of $2.51 billion, up 23.5% year-over-year and ahead of analysts' estimates. The company's loss of 6 cents per share missed a Street consensus estimate of a loss of 4 cents per share. DoorDash reported quarterly records for total orders, Marketplace order volume and revenue in the first quarter. The company also recently announced a partnership with Ulta Beauty Inc ULTA that will bring the company deeper into the non-food delivery sector.
- Fiserv Inc FI: The global payments and financial services company saw increased interest from investors, which could be related to a company update. Fiserv announced that CEO Frank Bisignano will present at the Baird Global Consumer Technology and Services Conference on June 4 and at the Mizuho Technology Conference on June 12. The company reported first-quarter results last month, which included revenue and earnings per share both coming in ahead of analysts' predictions. Fiserv reiterated its full-year organic revenue growth and also raised its full-year earnings per share guidance. Several analysts raised their price targets after the first-quarter report.
- Foot Locker Inc FL: The footwear apparel retailer reported first-quarter results, which were mixed with earnings per share beating analysts' estimates and sales missing analysts' estimates. "Through our Lace Up Plan, we are strengthening our brand partnerships, enhancing customer engagement through digital and loyalty investments, and solidifying our position at the intersection of basketball and sneaker culture," Foot Locker CEO Mary Dillon said. The company said it was elevating the customer experience with store refreshes and a newly unveiled retail concept. Several analysts raised their price targets after the quarterly earnings report.
- Netflix Inc NFLX: The streaming giant saw increased attention from investors which comes as one of the company's hit franchises premiered a new season. "Bridgerton" saw strong viewership for its third season with 45.1 million views and 165.2 million hours watched in the first several days of availability. In the first full week of availability, the season had 25.3 million views and 92.8 million hours watched. Past seasons of the hit show also joined the top ten for the past two weeks. A second part to season 3 will be released in June. A new game show "Million Dollar Secret" is also coming to Netflix that will see 11 contestants try to find a 12th person who was awarded $1 million. The streaming company continues to add to its lineup with new seasons of hit franchises, new game shows and original content and a recent partnership with the NFL for two exclusive Christmas Day games.
- GameStop Corporation GME: While some may have thought the meme stock rally and increased interest in GameStop was over after Roaring Kitty stopped posting on social media, the stock saw increased attention from investors over the last week. GameStop shares traded higher on the week and were more volatile than normal after the company announced it completed an at-the-market equity offering program. The company sold 45 million shares under the plan, with aggregate gross proceeds of $933.4 million. GameStop said it intends to use the net proceeds from the offering for general corporate purposes, which may include acquisitions. Investors appear excited at the thought of acquisitions to diversify the company. GameStop preannounced first-quarter financial results, but the earnings release on June 11 could provide an update on what the company plans to do with the case and more news on growth efforts.
Stay tuned for next week's report, and follow Benzinga Pro for all the latest headlines and top market-moving stories here.
Read the latest Stock Whisper Index reports here:
Read Next: ‘Playing The Rumor, Not The News’: Reddit Users Speculate On Potential S&P 500 Inclusions
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.