Daily Stock Ideas – February 18, 2021
Today’s 5 Stock Ideas:
- GameStop (GME) – Shares were up about 3% ahead of Thursday’s Congressional testimony with the CEOs of Robinhood, Citadel, Melvin Capital and Reddit (as well as WallStreetBets poster “DFV,” Keith Gill). Politicians will be inquiring into the circumstances that led to the wild price action in GameStop shares at the end of January.
- Greenland Technologies (GTEC) – The stock was up 200% ahead of the open following news of a deal with South China Heavy Machinery Manufacture Co. for US production of electric industrial vehicles. Potential peers in the industrial electric vehicle space could be Proterra, expected merger partner with ArcLight Clean Transition (ACTC) and Lion Electric, expected merger partner for Northern Genesis Acquisition Corp. (NGA).
- Rackspace Technologies (RXT) – Will report Q4 earnings after market close on Thursday.
- HighCape Acquisition Corp. (CAPA) – Shares were up 50% following news of a special purpose acquisition corp (SPAC) deal with semi chip-based proteomics company, Quantum-Si.
- QuickLogic (QUIK) – The stock was up about 45% following a company press release that highlighted the release of Amazon-qualified reference design for smart hearable products by QuickLogic.