Daily Stock Ideas – January 26, 2021
Today’s 5 Stock Ideas:
- Boeing (BA) – Will report Q4 results before market open on Wednesday.
- BlackBerry (BB) – Shares were up 9% ahead of the open following expansion of its deal with Baidu (BIDU) for autonomous driving technology. The stock closed up 28% on Monday as shares continued to see momentum from interest by retail investors on Reddit.
- Etsy (ETSY) – The stock was up 8% following a tweet from Elon Musk, “I kinda love Etsy,” after he bought a hand-knit wool Marvin the Martian helm for his dog.
- Splunk (SPLK) – ARK Invest’s Cathie Wood sold about $33 million in the stock on Monday. Shares were down about 1% in pre-market action Tuesday.
- Mattel (MAT) – A NY Post article from Monday highlighted toy sales during the pandemic have surged to a record high of $25.1 billion. Hasbro (HAS) shares could also see some volatility following the report.