Benzinga's Stock Whisper Index: 5 Tickers Investors Secretly Monitor But Don't Talk About... Yet

Investors are on the hunt for undervalued, under followed and emerging stocks, and 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 should be of interest and whether investors or casual readers should pay attention.

Here is a look at the Benzinga Stock Whisper Index for the week of July 6, 2023:

Related Link: Nio Vs. XPeng Vs. LI Auto: How Chinese EV Startups Fared On Q2 Deliveries 

1. Nio Inc NIO: The Chinese electric vehicle company saw shares volatile on the week after reporting quarterly deliveries and getting an update from an analyst. Nio announced deliveries of 10,707 vehicles in June, an increase from 6,155 reported for the month of May. Second quarter deliveries totaled 23,520 for the company. On Wednesday, shares of Nio traded higher after Morgan Stanley analyst Tim Hsiao reiterated an Overweight rating on the stock and a $12 price target. Nio shares are up 26% in the last month, but remain flat year-to-date in 2023.
2. Marathon Digital Holdings MARA: The cryptocurrency mining company saw shares jump Monday related to updated filings for several Bitcoin BTC/USD ETFs. Marathon Digital also reported an update on its mining operations with 979 Bitcoin mined in June. Marathon holds 12,538 Bitcoin on its balance sheet. The company increased the size of its mining operation with 18,500 Bitcoin miners added in June and a new total of 149,900 miners in operation. Shares of Marathon are up over 350% year-to-date in 2023.
3. Caribou Biosciences CRBU: The clinical stage biopharmaceutical company saw shares surge after announcing an equity investment from Pfizer Inc PFE on Thursday. Under the agreement, Pfizer will invest $25 million in the company for 4,690,431 shares at a price of $5.33. Proceeds from the investment by Pfizer will be used to help advance the company’s CAR-T cell therapy CB-011, which is in Phase 1 clinical trials.
4. Lifezone Metals LZM: A SPAC merger was completed between GoGreen Investments Corporation and Lifezone Metals. The completion saw the new company trade as LZM this week with shares trading higher after a float of around 1.5 million shares was revealed. Low float SPAC redemptions have been known to trade higher after the merger goes through and the ticker changes. Lifezone becomes a pure-play nickel resource company and is the first public company from Tanzania to list on a major exchange.
5. SoundHound AI SOUN: The voice artificial intelligence company saw strong interest from readers despite a lack of news or company updates. Shares jumped in late June after it was announced the stock would be included in the Russell 2000 and Russell 3000 indexes. SoundHound is one of many artificial intelligence stocks that have seen increased interest and valuations. Shares of the company are up 169% year-to-date in 2023.

Check out the most recent Stock Whisper reports here:

June 16

June 23

June 30

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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