Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Are Secretly Monitoring, But Not Yet Talking About

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 breach an area for investors and casual readers to watch. Here is a look at the Benzinga Stock Whisper Index for the week of March 9, 2023:

• Toro Corp TORO is a recent spinoff from Castor Maritime CTRM, which acquires, owns and operates Aframax/LR2 and Handysize tankers that transport oil and crude products. The company says the spinoff represents "is an important strategic step that will establish Toro as a ‘pure play’ tanker business at a time of increased focus on energy supplies and as the tanker shipping market enjoys strong supply demand fundamentals.”
• Rivian Automotive RIVN announced it will raise up to $1.48 billion from a convertible note offering. The notes come with dividends and a conversion price of $20.13 per share. The move comes after the electric vehicle company reported fourth quarter revenue that came in shy of Street estimates, with 8,054 vehicles delivered and 10,020 produced. The plan is to produce 50,000 vehicles in 2023, ramp up production, drive down costs, develop the R2 platform and deliver an end-to-end customer experience. Shares of Rivian are down 29% in the last month.
• WW International WW reported financial results and announced the acquisition of Sequence, a telehealth company that prescribes weight loss drugs. Shares of Weight Watchers shot up from $4 to $7, but one analyst is pouring water on the increase in the share price. A Craig Hallum analyst downgraded shares to Sell, citing how the acquisition will hurt the chance to generate positive free cash flow this fiscal year. The 79% move in the stock "appears to have been driven by excitement" about the Sequence deal, the analyst said.
• CrowdStrike Holdings CRWD reported fourth quarter revenue and earnings per share that came in ahead of Street estimates. The cybersecurity firm saw strong growth of its subscriptions and recurring revenue. CrowdStrike CEO George Kurtz said the results "exceeded" expectations, and praised "record net new ARR of $222 million, record net new subscription customers of 1,873, record operating and free cash flow and a rule of 81 on a free cash flow basis.” Guidance from the company also helped send shares higher.
• Maxeon Solar Technologies MAXN has shares trading at new 52-week highs after reporting quarterly financial results earlier this week. The solar company’s revenue of $323.5 million beat a Street estimate of $315.7 million. An analyst note from Goldman Sachs reiterating a Buy rating and raising the price target to $31 per share has the stock trading higher.

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:

• Week of Feb. 16
• Week of Feb. 23
• Week of March 2

Stay tuned for next week’s report and follow along with Benzinga Pro for all the latest headlines and top market-moving stories here.

Next: 7 CrowdStrike Holdings Analystss Dissect The 'Solid' Beat And Raise Quarter 

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