Daily Stock Ideas – November 10, 2021
Today’s 5 Stock Ideas:
- Coinbase (COIN) – Shares were down 8% ahead of the open following mixed Q3 results reported Tuesday afternoon. On the company’s earnings conference call, CEO Brian Armstrong said a non-fungible token function will be tested in the next few quarters. Armstrong said the company’s NFT business could one day be bigger than the company’s cryptocurrency business.
- Palantir Technologies (PLTR) – ARK Invest’s Cathie Wood purchased about $36 million shares in the stock on Tuesday.
- DoorDash (DASH) – The stock was up 17% following better-than-expected Q3 results Tuesday afternoon. DoorDash was the second most-mentioned ticker on Reddit’s WallStreetBets forum; Tesla (TSLA) was #1 most mentioned.
- Meridian Bioscience (VIVO) – Shares were up 2% following news the company received FDA Emergency Use Authorization for its SARS-CoV-2 molecular assay.
- Quipt Home Medical (QIPT) – Company CEO Greg Crawford will interview on Benzinga’s “Power Hour” YouTube show Wednesday.