Daily Stock Ideas – May 5, 2021
Today’s 5 Stock Ideas
- Roku (ROKU) – Will report Q1 results after market close on Thursday.
- Virgin Galactic (SPCE) – Shares marked a session high at $21.55 on Tuesday following a report pricing for a rocket by peer in the space industry, Jeff Bezo’s Blue Origin, would be “well north” of $500,000. Traders viewed this pricing level as a favorable indication for Virgin Galactic.
- Twilio (TWLO) – To publish Q1 earnings on Wednesday after the closing bell. Analysts expect a loss of $0.10/share on sales of about $535 million.
- Glory Star New Media (GSMG) – The stock spiked over the $4 level Tuesday following trader circulation of a previously-released press release from a third-party news service that, in its title, suggested NIO Inc. (NIO) and Baidu (BIDU) could be doing a deal with Glory Star. Despite the title, the article did not substantiate or justify any information indicating Glory Star is working with either of these major China players.
- Skillz (SKLZ) – The stock was down 1% ahead of the open Wednesday amid a Q1 sales beat and raised FY21 guidance from the company. Additionally, the daily alert from ARK Invest’s Cathie Wood showed she purchased more than 3 million shares in Skillz ahead of the company’s earnings report.