Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant 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 to uncover new information.
This index layers editorial commentary to help make sense of why these stocks should be of interest and whether investors or casual readers should watch them.
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Here is a look at the Benzinga Stock Whisper Index for the week of May 3:
Nio Inc NIO: The electric vehicle company saw shares trade higher over the week after reporting April vehicle delivery figures.
Nio reported 15,620 vehicle deliveries in April 2024, up 134.6% year-over-year. The monthly total included 8,817 premium electric SUVs and 6,803 premium electric sedans. Vehicle deliveries year-to-date are 45,673, up 21.2% year-over-year. The company has delivered nearly 500,000 vehicles cumulative to date as of the end of April.
The electric vehicle company also signed a strategic partnership with Lotus Technology and recently entered the low-end market for electric vehicles. Shares of Nio are up 21% in the last five trading days but remain down 25% over the past year.
Emergent Biosolutions Inc EBS: The healthcare company saw shares trade up 70% Thursday after reporting first-quarter financial results and sharing a company update.
Emergent's first quarter sales of $300.4 million beat a Street consensus estimate of $224.5 million. Quarterly earnings per share of 59 cents per share beat a Street consensus estimate of a loss of 83 cents per share.
Emergent also announced it will consolidate operations, which includes closing several manufacturing facilities and cutting jobs.
Emergent raised its full-year revenue guidance to a range of $1 billion to $1.1 billion, up from a prior range of $900 million to $1 billion.
Plug Power Inc PLUG: The hydrogen fuel cell company saw shares volatile after announcing several new contracts.
The company said it received contracts to supply cryogenic equipment to a gas company and an electric utility company. Plug also said it is in the advanced stages of another supply agreement. The company announced it secured the first international safety and performance certification in South Korea for electrolyzer manufacturing.
"With expertise designing and manufacturing cryogenic solutions, including liquid storage tanks, delivery trailers, vaporizers, portable equipment, and integrated control systems, we are successfully building long-term strategic partnership with customers and supporting their need to get their gas products to market through liquefaction and truck trailer transportation," Plug CEO Andy Marsh said.
CrowdStrike Holdings CRWD: The cybersecurity company expanded a strategic partnership with Amazon.com Inc AMZN segment Amazon Web Services (AWS). The partnership will see Amazon use the CrowdStrike Falcon platform for cybersecurity protection. Amazon will replace several cloud point products with CrowdStrike Falcon. The partnership comes as CrowdStrike is working to accelerate AI capabilities for the Falcon Platform.
CrowdStrike also announced a strategic partnership with Tata Consultancy Services. Shares of CrowdStrike are up 160% over the last year.
Nextdoor Holdings Inc KIND: The neighborhood connection platform company announced in an SEC Filing that its first-quarter financial results are expected to see revenue exceed previously issued guidance. The company also said its adjusted EBITDA loss will be narrower than previous guidance.
The first-quarter results will be officially reported by the company on Tuesday, May 7 after market close. The stock could be volatile next week based on the report. Shares of Nextdoor are up 9% over the last year.
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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