Daily Stock Ideas – October 6, 2021
Today’s 5 Stock Ideas:
- Palantir Technologies (PLTR) – Shares were up 8% Wednesday morning following Tuesday evening news of an $823 million contract with the US Army.
- Square (SQ) – ARK Invest’s Cathie Wood purchased about 35,000 shares of Square on Tuesday — while at the same time selling shares of PayPal (PYPL).
- Ocugen (OCGN) – One of the most searched tickers on Benzinga Pro this last week. Reports on Tuesday suggested the World Health Organization will decide next week on approval for the company and Bharat Bio’s COVID-19 vaccine.
- LM Funding (LMFA) – The stock was up 20% Wednesday following news the company purchased an added 4,000 bitcoin mining machines. The company said it expects to mine about 1,200 bitcoin per year starting the second quarter of next year.
- Bit Digital (BTBT) – A stock that has been sensitive to moves in bitcoin. With bitcoin up about 3% Wednesday morning, Bit Digital shares were up about 9%.