Daily Stock Ideas – December 23, 2020
Today’s 5 Stock Ideas:
- Nikola (NKLA) – Shares fell 5% Wednesday morning following news a collaboration deal with Republic Services (RSG) for electric refuse trucks was terminated.
- XL Fleet (XL) – A play on a recently-completed special purpose acquisition corporation (SPAC) deal with Pivotal Investment. XL is a provider of vehicle electrification solutions for commercial and municipal fleets.
- Pershing Square Tontine (PSTH) – Hedge fund manager Bill Ackman’s SPAC. The issue was discussed by Benzinga’s Hot Stocks Luke on Tuesday’s ZingerNation mid-day show. Luke considered exiting the position as merger deals with Stripe, Robinhood and Coinbase have fallen through. The latest indication for a potential merger partner was Bloomberg, but Luke wasn’t too convinced by that notion.
- Desktop Metals (DM) – A play on 3D printing. The company’s Studio System solution is an office metal 3D printing system.
- Mogo (MOGO) – A play on bitcoin. The stock was up 22% ahead of the open Wednesday following news the company will make an initial $1.5 million investment in bitcoin and will consider further investments in 2021.
Coming straight from Benzinga’s team of researchers and reporters, the stocks above have all the signs of a great opportunity.
That means at least one excellent catalyst has already, or will eventually, drive price change.