Daily Stock Ideas – August 25, 2021
Today’s 5 Stock Ideas:
- AMC Entertainment (AMC) – Shares were up another 3% Wednesday morning following a 20% rally on Tuesday. A Bloomberg reporter on Twitter noted the stock is the top buy on Fidelity’s platform Wednesday morning. The stock was also the most-searched ticker on Benzinga Pro over the last 24 hours.
- Okta (OKTA) – An analyst at Raymond James upgraded the stock to Strong Buy Wednesday morning. The analyst set a $310 price target on Okta.
- Snowflake (SNOW) – Will report Q2 earnings after market close on Wednesday. Last week shares fell about 7% on Friday following a report from Cleveland Research that warned of signs of slowing growth for the company’s services. Since the Cleveland Research report, shares have rebounded and were, importantly, back over the $280 level.
- Support.com (SPRT) – A top 3 most-searched ticker on Benzinga Pro over the last 24 hours. The stock was up 17% Wednesday morning. Benzinga Pro showed the stock has about 30% of its float shorted; short interest over the 20% range is getting into heavy short territory.
- Pop Culture Group (CPOP) – Shares were up 22% ahead of the open following news it will develop a street dance chain software as a service system. The company is a China-based entertainment company; its stock is in low-float territory, with about 15 million shares in its float.