Daily Stock Ideas – April 13, 2021
Today’s 5 Stock Ideas:
- Zoom Video Communications (ZM) – The stock market was impacted Tuesday morning by news the FDA put a pause on administering the Johnson & Johnson (JNJ) COVID-19 vaccine amid a concern about blood clots. While thromboembolic events have been reported with COVID-19 vaccines, J&J said, at present, there is no clear causal relationships between blood clotting and its vaccine. Shares of Pfizer (PFE) and Moderna (MRNA), with their competing COVID-19 vaccines, were higher Tuesday morning. Other COVID-sensitive stocks, like airlines and cruises, moved lower.
- Altimeter Growth (AGC) – Shares of this special purpose acquisition corp (SPAC) were up about 4% Tuesday morning following news it will combine with ride-share app, Grab.
- Diginex (EQOS) – Company CEO, Richard Byworth, will appear on Benzinga’s “Power Hour” YouTube show at 12 p.m. EDT Tuesday.
- Workhorse (WKHS) – ARK Invest’s Cathie Wood purchased another $1.7 million in the stock on Monday. This was Cathie’s first time buying the stock in April; in March, she bought the stock on three days.
- Ballantyne Strong (BTN) – A play on a conglomerate with exposure to forestry and paper. The stock closed up about 16% on Monday following news GreenFirst purchased about $200 million in forest and paper products assets from Rayonier (RYAM). Ballantyne owns about a 7 million share stake in GreenFirst.