Investors are on the hunt for undervalued, underfollowed 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 and casual readers should watch them.
Here is a look at the Benzinga Stock Whisper Index for the week of Sept. 1, 2023.
Tilray Brands TLRY: The cannabis and consumer packaged goods company saw strong interest from investors last week on the heels of positive news related to the cannabis sector.
The sector got a boost after the Department of Health and Human Services said it is recommending the reclassification of cannabis to be a Schedule III controlled substance under federal law. Cannabis is currently a Schedule I drug.
Cannabis stocks like Tilray soared on the news and Tilray shares are now up 29% over the last month. The stock was among the most requested tickers on Benzinga Pro in the past week.
Related Link: Be sure to check out the speakers at the upcoming Benzinga Cannabis Captial Conference
CrowdStrike Holdings CRWD: Cybersecurity company CrowdStrike saw strong interest from readers after reporting quarterly financial results.
The company beat analyst consensus estimates for both revenue and earnings per share in the second quarter. Revenue was up 37% year-over-year and the company highlighted its growth from artificial intelligence-powered platforms. Guidance from the company was also well received by investors and several analysts raised their price targets as a result.
Alphabet Inc GOOGGOOGL: Technology giant Alphabet is one of the most searched stocks on Benzinga Pro each month, but often falls short of qualifying for the qualifications to hit the “Stock Whisper” index.
This week both share classes of Alphabet were among the most dominant tickers on Benzinga Pro. The increased interest comes with the company’s Google Cloud unit joining forces with semiconductor leader Nvidia Corp NVDA.
Google also announced it has an Oct. 4 Pixel event that could highlight upcoming phones and watches from the technology giant. Another future catalyst for the company could be its YouTube video platform getting streaming rights to a highly anticipated trial of former president Donald Trump.
KE Holdings Inc - ADR BEKE: Shares of the Chinese housing company soared 19% in the last week on the heels of several announcements from the company.
KE Holdings reported second-quarter earnings per share that beat estimates from analysts. The company raised and extended its share buyback program from $1 billion to $2 billion and from August 2023 to August 2024 respectively. The company also declared a special cash dividend.
Tingo Group TIO: The agri-fintech company has been targeted by Hindenburg with a short report alleging several red flags.
Tingo Group reported second-quarter financial results that saw earnings per share miss estimates from analysts and revenue beat estimates from analysts.
The company also provided an update on the short report and said it had completed its investigation into the allegations. Shares of Tingo are up over the last week and up 59% year-to-date in 2023.
Check out the most recent Stock Whisper reports here:
Aug. 11
Aug. 18
Aug. 25
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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