United Parcel Service (UPS) – A sympathy play following better-than-expected earnings out of FedEx (FDX). Analysts on FedEx noted “soft” volume, “firm” pricing and a meaningful focus on cost-cutting initiatives.
Skechers USA (SKX) – Analysts at Raymond James remained bullish on Skechers shares Wednesday morning following a recent meeting with the company’s CFO. The analysts were favorable amid Skechers increased shelf space gains at wholesalers and also management’s focus on lowering inventory levels through international distribution.
NBT Bancorp (NBTB) – A way to gain exposure to US semiconductor chip manufacturing through a community bank. NBT’s branches are located in New England, with its headquarters in northern New York, where chip foundries are starting to be constructed.
DoorDash (DASH) – A play on a bullish call by an analyst at JMP Securities. In a research report Wednesday morning, the firm reiterated a Market Outperform rating and $100 price target. The target represented about 100% potential upside from where DoorDash shares traded.
Laser Photonics (LASE) – One of Wednesday morning’s big winners. Shares were up about 20% following news the company won a contract with the largest glass manufacturer in North America. The issue is in low-float territory, with about 8 million shares in its float.