Daily Stock Ideas – March 10, 2021
Today’s 5 Stock Ideas:
- Roblox (RBLX) – Shares of this video game company will begin trading on Wednesday. Because the company chose to do a direct listing (vs an IPO), the strategy may be a little different than a normal IPO.
- LivePerson (LPSN) – The company partnered with Innova Medical Group for an AI-based, at-home rapid COVID-19 test.
- Enveric Biosciences (ENVB) – One of Wednesday morning’s big winners. The stock was up 40% following news it will buy an exclusive license for novel molecules from Diverse Biotech.
- XpresSpa (XSPA) – Shares were up about 12% since Friday when traders circulated a company website showing a new company location inside Houston’s George Bush Airport. A Google Maps search corroborated the new location and said the new location would open this week. The company itself has not yet formally disclosed the opening of the new location.
- SINTX Technologies (SINT) – Announced Tuesday test results that showed a fabric containing silicon nitride developed by the company inactivated the SARS-CoV-2 virus upon contact.