Daily Stock Ideas – February 24, 2021
Today’s 5 Stock Ideas:
- Johnson & Johnson (JNJ) – The FDA said added evaluations will be needed in order to assess the effects of the J&J COVID-19 vaccine for prevention of asymptomatic infection. Efficacy of the vaccine on a 14-day period was around 73% while efficacy over a 28-day period was about 82%. The FDA said three vaccine recipients had severe adverse effects from the vaccine.
- Target (TGT) – Shares could see sympathy price action following earnings out of near peers TJX Companies (TJX) Wednesday morning and out of Macy’s (M) Tuesday morning. TJX shares were down about 3% Wednesday following its earnings.
- Mattel (MAT) – The company will host an Investor Day event Wednesday at 10 a.m. EST. Investor Day events have been known to create volatility in stocks.
- 10X Capital Venture Acquisition Corp. (VCVC) – The CEO of 10X Capital’s special purpose acquisition corporation (SPAC) merger partner, REE Automotive, Daniel Barel, will interview on Benzinga’s “SPACs Attack” YouTube show Wednesday around 11:15 a.m. EST.
- Vivos Therapeutics (VVOS) – A play on a sleep apnea treatment. Benzinga founder, Jason Raznick, interviewed Vivos’ CEO and Chief Strategy Officer on Benzinga’s “ZingerNation Power Hour” YouTube show on Tuesday afternoon.