Daily Stock Ideas – March 18, 2021
Today’s 5 Stock Ideas:
- Catalent (CTLT) – A Wednesday report suggested the company will expand its existing partnership with J&J (JNJ) to increase capacity for sterile manufacturing and packaging of J&J’s COVID-19 vaccine in Italy.
- Lizhi (LIZI) – Research shop, Citron Research, put out a comment on the company Wednesday that suggested Lizhi’s Tiya app “is seeing much stronger downloads and active users in the US vs. Clubhouse.”
- Liquid Media Group (YVR) – Shares closed up 63% on Wednesday as traders on social media circulated the name as a play on the non-fungible token (NFT) market. However, when the Benzinga newsdesk reached out to the company for comment, a spokesperson said Liquid “has not made any announcements about entering the NFT market.”
- Mercurity Fintech Holding (MFH) – The stock closed up 13% on Wednesday and was up another 3% on Tuesday as traders perceived the stock as a play on NFTs. The company provides digital asset trading infrastructure solutions based on internet and blockchain technologies.
- Hall Of Fame Resort & Entertainment (HOFV) – Shares were up 10% ahead of the open Thursday as a popular social media account on Twitter Wednesday evening suggested the stock could be a trading idea on non-fungible tokens. The account shared a link to an article “NFL working on NFT strategy.” Note that the article did not specifically mention Hall Of Fame.