Daily Stock Ideas – May 21, 2021
Today’s 5 Stock Ideas
- Proofpoint (PFPT) – A cybersecurity play. The cybersecurity space is likely to see increased interest Friday following strong Q3 earnings and guidance from peer in the space, Palo Alto Networks (PANW). Palo Alto shares were up 6% ahead of the open.
- ShiftPixy (PIXY) – Company CEO, Scott Absher, will appear on Benzinga’s “SPACs Attack” YouTube show Friday at 11:15 a.m. EDT. ShiftPixy is a provider of gig economy-style employee management resources.
- Mind Medicines (MNMD) – A play on the psychedelics space. Shares of Mind Med and peer COMPASS Pathways (CMPS) moved higher Thursday following a tweet from a California Senator that legislation related to the decriminalization of psychedelics was passed.
- Wah Fu Education (WAFU) – A momentum play in the China-based education space. The group will likely see increased attention Friday following news from Meten EdtechX Education (METX) student enrollment for its English-language training classes were up more than 750% year over year in April.
- Zscaler (ZS) -Will report Q3 earnings after market close on Tuesday. Zscaler is a cloud security-as-a-service provide.