Daily Stock Ideas – June 3, 2021
Today’s 5 Stock Ideas
- American Airlines (AAL) – The company Thursday morning reported a 7-day moving average for its net bookings as of the start of June was 90% of the level experienced in the same period over 2019. American Air continues to expect Q2 total sales to be down about 40% from 2019 levels.
- Canopy Growth (CGC) – The company’s Vice President for Beverages & Edibles, Tara Rozalowsky, will be doing a fireside chat at Benzinga’s Cannabis Capital Conference Thursday at 12:15 p.m. EDT. The cannabis event will be taking place all day on Benzinga’s YouTube channel.
- Clover Health Investments (CLOV) – A favorite stock by the WallStreetBets community on Reddit. Shares were up about 7% in pre-market action.
- Agrify (AGFY) – Another presenter at Benzinga’s Cannabis Capital Conference. Company CEO Raymond Nobu Chang will be presenting at 11:35 a.m. EDT Thursday morning. Agrify is a provider of hardware and software solutions for the indoor agriculture marketplace.
- CYREN (CYRN) – A penny-stock play on cyber security. On Wednesday, the White House said the President will launch a rapid strategic review to address a recent increase in the threat of ransomware.