Daily Stock Ideas – November 18, 2021
Today’s 5 Stock Ideas:
- Intel (INTC) – Intel shares were quiet Thursday morning despite strong earnings out of peer in the chip space, NVIDIA (NVDA). Shares of another peer in the space, Advanced Micro Devices (AMD), traded higher with NVIDIA.
- Sono Group (SEV) – Momentum in shares of this solar-power electric vehicle play continued Thursday. After opening for trade as an IPO on Wednesday, the stock closed up nearly double its opening print. Shares were up another 16% Thursday morning. Peers in the electric vehicle space like Mullen Auto (MULN), Lightning eMotors (LEV), Lion Electric (LEV) and Fisker (FSR) also saw continued interest heading into the Los Angeles Auto Show taking place this weekend.
- Roku (ROKU) – A play on a potential technical support level. Benzinga writer and technician Tyler Bundy identified a potential support level at $244. In pre-market action Thursday, Roku shares had broken below that level.
- Sweetgreen (SG) – An IPO for this week, expected to open for trade Thursday. The company describes itself as an innovative fast-food restaurant.
- QuantumScape (QS) – The company will be holding a third-party testing result session via live stream Thursday at 1 p.m. EST. The test will seek to replicate the company’s data on single layer cells.