Target (TGT) – Shares were down about 2% Wednesday morning following the company’s quarterly results. A decline in the company’s margins weighed on the stock. Tune into Benzinga’s daily Stocks To Watch podcast (around 9:30 a.m. EDT on Twitter or LinkedIn or around 10:30 a.m. on Spotify or Apple) to see an in-depth analysis of the results and how investors might interpret the release.
GameStop (GME) – A sympathy play amid increased retail investor attention on another meme stock, Bed Bath & Beyond (BBBY). Bed Bath & Beyond shares closed Tuesday’s session up 30%; the stock was up another 30% Wednesday morning. The Benzinga Pro newsdesk team could not identify news related to Bed Bath & Beyond to justify the sharp move higher.
Gap (GPS) – The target of speculation from trader alert service Dealreporter Tuesday morning. The service suggested Gap could be shopping its Athleta unit. Importantly, shares moved over the $11 level following circulation of the chatter but couldn’t close over the $11.50 level Tuesday.
MarketAxess (MKTX) – A play on a fixed-income exchange. Analysts at Rosenblatt kicked off coverage of the stock Wednesday morning and set a Sell rating. In contrast, Rosenblatt started coverage on a peer in the fixed-income exchange space, Tradeweb (TW), with a Buy rating.
Farmmi (FAMI) – A peer play in the superfood space following news Laird Superfoods (LSF) received a go-private offer. Laird and Farmmi are both producers and distributors of several kinds of edible mushrooms.