Daily Stock Ideas – April 20, 2021
Today’s 5 Stock Ideas:
- International Business Machines (IBM) – Shares were up about 2.8% Tuesday morning. The company reported better-than-expected Q1 EPS and sales results after the close on Monday.
- Dave & Buster’s Entertainment (PLAY) – Shares were up roughly 2.6% Tuesday morning after the company announced it raised Q1 revenue guidance.
- Syndax Pharmaceuticals (SNDX) – Shares were up roughly 5.8% Tuesday morning. The company announced interim data demonstrating robust clinical activity in the Phase 1 portion of the AUGMENT-101 trial of SNDX-5613 in patients with genetically-defined acute leukemias.
- Nike (NKE) – Shares were roughly 1.6% lower on Tuesday morning. Citigroup downgraded the stock from Buy to Neutral and lowered its price target from $160 to $140.
- Can Fite Biofarma (CANF) – Shares were up roughly 7.2% after the company announced it initiated preclinical studies required by the FDA and EMA for the registration of its two lead drug candidates.