Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Here's a look at the Benzinga Stock Whisper Index for the week of Oct. 25:
SoFi Technologies SOFI: Analysts expect the financial services stock to report third-quarter revenue of $632.1 million. That’s up from $530.7 million in last year's third quarter when the company reports on Oct. 29. SoFi has a streak of 13 straight quarters beating analyst estimates for revenue. Earnings per share should be 4 cents for the quarter, up from a loss of 3 cents per share in the comparable quarter last year.
The company has beaten or met earnings per share estimates in more than 10-straight quarters. The stock could also see increased interest with President Joe Biden extending the student loan payment pause for six months for eight million borrowers. In early October, SoFi announced a $2 billion loan platform business agreement with Fortress Investment Group, which could boost the company's business.
SoFi stock is up over 10% in the last five trading days as seen on the Benzinga Pro chart below and up 13% year-to-date.
AST SpaceMobile Inc ASTS: The satellite and telecommunications company returns to the Stock Whisper Index, which is becoming a regular occurrence as one of the top trending stocks month in and month out. On Wednesday, the company announced a contract with the Space Development Agency as a prime government contractor. With the initial contract, AST SpaceMobile can now compete directly on prototype orders for the U.S. government.
"This initial contract validates our commitment to developing innovative solutions for national security space needs," AST SpaceMobile's chief commercial officer Chris Ivory said.
Back in September the stock made the Stock Whisper Index with increased interest from readers as the company was launching its first five commercial satellites as part of a collaboration with key partner AT&T.
AST SpaceMobile shares are down on the week, but remain up over 400% year-to-date in 2024.
QuantumScape Corporation QS: The electric vehicle battery company announced quarterly financial results and shared an update on battery technology testing. It reported a third-quarter loss of 23 cents per share, in line with analyst estimates. Likely driving increased interest in the stock and the rising stock price was the company sharing that it started producing low volumes of its first B-sample cells (QSE-5), which have fast-charging capabilities.
"QSE-5 represents an important milestone for our company and the battery industry as a whole. These cells are, to the best of our knowledge, the first anode-free solid-state lithium-metal cell design ever produced for automotive applications," the company said.
QuantumScape said it plans to ship samples to customers for feedback.
The stock was up over 20% in the last five trading days, as shown on the Benzinga Pro chart below. The stock is down around 3% year-to-date in 2024.
Agnico Eagle Mines Limited AEM: The gold mining stock was one of several in the sector to see increased interest from readers.
Agnico is set to report third-quarter financial results on Oct. 30. Analysts expect the company to report earnings per share of $1.02, compared to 44 cents in last year's third quarter. The company has beaten analyst estimates for earnings per share in three straight quarters and eight of the last 10 quarters overall.
Analysts expect the company to report revenue of $2.11 billion for the quarter, up from $1.64 billion in last year's third quarter. Agnico has beaten analyst estimates for revenue in three straight quarters and five of the last six quarters.
Increase in gold stocks comes with the price of gold hitting record highs on the backs of macroeconomic uncertainties, Federal Reserve interest rate cuts and global concerns on rising tension in the Middle East.
VICI Properties VICI: The real estate investment trust will release its third-quarter financial report on Oct. 31.
Analysts expect the company to report revenue of $952.7 million and earnings per share of 57 cents, up from $904.3 million and 54 cents respectively in last year's third quarter.
VICI owns various properties in the gaming and entertainment sectors, including golf courses. It collects rent from the operators.
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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