Investors are on the hunt for undervalued, underfollowed and emerging stocks to spot opportunities. 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 are of interest and whether they broach an area for investors and casual readers to watch.
Here is a look at the Benzinga Stock Whisper Index for the week of Feb. 23, 2023.
AMC Entertainment Holdings Inc AMC: Movie theater leader AMC continued to rank high for interest across Benzinga and on social media. The company is scheduled to report quarterly financial results on Feb. 28 after market close. The quarterly results will include the box office performance of “Black Panther: Wakanda Forever” and “Avatar: The Way of Water,” two of the highest-grossing movies of 2022.
Going forward, the company has several movies in the current first quarter that could perform well at the box office including “Ant Man and the Wasp: Quantumania,” “Cocaine Bear,” “Creed III,” “Scream VI” and “Shazam! Fury of the Gods.” Most of these movies were highlighted with trailers during Super Bowl LVII.
Investors will be anxious to hear how the current first quarter is going and box office expectations for the rest of the year.
Related Link: You Ask, We Analyze: The Bull & Bear Case For AMC Entertainment As Stock Surges Higher
Terran Orbital Corp LLAP: Satellite company Terran saw shares trade higher after being awarded a contract with Rivada Space Networks. The contract is for the design, building and deployment of 300 satellites and comes with a value of $2.4 billion.
“Our partnership will show why Terran Orbital continues to be a satellite manufacturer of choice for aerospace and defense companies worldwide. We are ecstatic to work alongside Rivada and look forward to building out their LEO constellation,” Terran Orbital CEO Marc Bell said.
Terran went public via SPAC merger in March 2022. Shares of the stock are now up over 100% year-to-date in 2023.
Interface, Inc. TILE: Flooring company Interface jumps out with huge interest across Benzinga. Shares of the company were down on news that Truist downgraded the stock from Buy to Hold and lowered the price target from $13 to $9. Shares hit a new 52-week low on Wednesday and are now down more than 20% in the last five days.
With strong interest for the ticker across Benzinga, the stock could be one to watch.
Atlas Lithium Corp ATLX: Shares of Atlas soared Thursday with social media chatter picking up on the lithium exploration company. EF Hutton initiated shares with a Buy rating and price target of $12 in mid-February.
Shares are likely moving as a sympathy play to Sigma Lithium SGML, a lithium company that is rumored to be drawing interest from EV leader Tesla. While Atlas is only an exploration company, the lithium sector could see companies gain in value with more M&A likely for the sector.
Shares of Atlas were up in January after signing a Memorandum of Understanding (MOU) with Mitsui & Co for its future lithium production.
Atlas CEO Marc Fogassa will ring the opening bell for the Nasdaq market on Friday, Feb. 24, 2023, which could increase interest in the stock.
Intuitive Machines LUNR: Space company Intuitive Machines has been one of the biggest movers of the month, with shares going from under $10 to a high of $136. Intuitive Machines completed a SPAC merger with Inflection Point Acquisition Corp and saw high redemption of shares at the merger, lowering the float of the company.
The company offers space systems and exploration services and has an existing contract with NASA. With a focus on lunar operations, the company has a tagline of “We open access to the moon for the progress of humanity.”
Like several other de-SPACs that saw high redemption and shares soar, shares of Intuitive Machines will likely be highly volatile until more shares are unlocked and the float grows.
That’s it for this edition of the Benzinga Stock Whisper Index.
Click on the latest in the Benzinga Stock Whisper Index stocks to watch here:
Stay tuned for next week’s report and follow along with Benzinga Pro for all the latest headlines and top market-moving stories here.
Read Next: Exclusive: Top 10 Most Searched Tickers On Benzinga Pro In January: Where Does AMC Rank?
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