Daily Stock Ideas – July 2, 2021
Today’s 5 Stock Ideas
- Automatic Data Processing (ADP) – A play on the jobs market. Investors will get a reading on jobs data during the month of June at 8:30 a.m. EDT Friday. Economists expect a non-farm sector reading of 700,000 jobs added. The unemployment rate is expected to decline from 5.8% to 5.7%.
- DiDi Global (DIDI) – A Friday morning report said the Chinese government launched a cybersecurity investigation into the company’s DiDi Chuxing unit. The stock was down about 8% on the report.
- Cerence (CRNC) – The stock was up about 9% following news the company will be added to the S&P MidCap 400 index, effective Jul. 7, 2021.
- Arrowhead Pharma (ARWR) – Shares were down about 24% following news the company paused a Phase 1/2 trial.
- Levi Strauss (LEVI) – Will report Q2 earnings on Thursday of next week.