Daily Stock Ideas – August 5, 2021
Today’s 5 Stock Ideas:
- AMC Entertainment (AMC) – Shares rebounded from a pre-market low at $28.50 and traded over the $30 level. The stock was up about 2.5% Thursday morning. The Benzinga newsteam did not see any news to justify the move higher.
- OLB Group (OLB) – The stock traded higher Thursday morning following exclusive Benzinga reporting the company’s DMint unit intends to bring about 1,000 net-zero carbon crypto mining machines online in 2021. The company plans to bring an added 24,000 cryp mining machines online over the next 2 years.
- eXp World Holdings (EXPI) – Company founder, Chair and CEO, Glenn Sanford, will interview on Benzinga’s “Power Hour” YouTube show at 12:30 p.m. EDT Thursday.
- Ortho Clinical Diagnostics (OCDX) – Shares were up about 4% Thursday morning following news the company’s COVID-19 test offering for a total nucleocapsid antibody test was accepted for emergency use authorization.
- Genius Sports (GENI) – The stock rallied Thursday morning following news of a supplier deal with DraftKings (DKNG) to provide a full range of sportsbook data and content solutions related to NFL products. Shortly after the company press release, short seller Spruce Point Capital issued a negative report on the company. Spruce Point’s analysis suggested the company will be paying about $120 million per year for the partnership with the NFL. Spruce Point said the company “is unlikely to recoup the costs through profitable monetization.”