Nutrien (NTR) – A popular agriculture play. CEO of peer in the ag space, Mosaic (MOS), during the company’s earnings conference call Tuesday, said management expects the ag market to remain “tight” beyond 2022.
Soundhound AI (SOUN) – This week’s special purpose acquisition corporation (SPAC) redemption trade. Shares were converted from the SPAC into Soundhound on Thursday of last week. As of Tuesday, about 96% of the shares for the SPAC were redeemed by shareholders, according to this tweet. As such, Soundhound’s float dropped significantly, pushing the issue into low-float territory.
1-800-Flowers.com (FLWS) – Highlighted as a “Mother’s Day stock” by popular Twitter account Will Meade on Tuesday. There isn’t a clear correlation this stock moves higher into the Mother’s Day holiday, celebrated on the second Sunday of May.
Enovix (ENVX) – A play on lithium-ion battery development and production. Market Rebellion founder, CNBC contributor and Benzinga friend, Jon Najarian, highlighted the issue’s options as recently seeing unusual activity.
Teck Resources (TECK) – A play on antimicrobial copper plating as a preventative measure against coronavirus spread. The company announced on Tuesday the Vancouver International Airport would be installing its copper plating on high-touch surfaces. Something to keep in mind: studies over the last year have shown evidence coronavirus is unlikely to have been transmitted through surface touching.