Benzinga Pro's Top 5 Stocks To Watch For Mon., Mar. 9, 2020: XOM, GLD, BA, TSLA, SPEX

Benzinga Pro's Stocks To Watch For Monday

• ExxonMobil (XOM) - Shares were down nearly 14% as the price of crude oil fell more than $9/barrel. Saudi officials decided to instigate a price war by cutting production over the weekend. Crude oil last traded around $32/barrel.
• SPDR Gold ETF (GLD) - This ETF was up about 0.3% in opposition to the move in oil. Gold also benefited amid reports the number of coronavirus cases confirmed outside China nearly tripled since last week. 
• Boeing (BA) - The stock was down about 9% following a report the FAA may require the company to fix electrical wire issues before the 737 MAX can return to flight. 
• Tesla (TSLA) - A weekend article from the FT suggested notable investor James Anderson, head of global equities for Baillie Gifford (Tesla's largest shareholder), said he was now "more comfortable" with the company following a recent management shuffle. Anderson called the appointment of Robyn Denholm, an independent board member since 2014, a “decisive move.”
• Spherix (SPEX) - A new coronavirus play as of Friday, shares continued higher Monday morning. After closing up 131% on Friday, shares were up another 60% Monday morning. On Friday, the company announced the execution of exclusive option deal with University of Maryland for "Methods of Treating Coronavirus Infection" patent.