Daily Stock Ideas – May 25, 2021
| Today’s 5 Stock Ideas *Tilray (TLRY) – Cannabis stocks will be in focus Tuesday as lawmakers in the state of Connecticut will meet to discuss legalization of marijuana. *Roku (ROKU) – Shares closed higher on Monday amid late-afternoon circulation by traders of a website that highlighted Roku’s plan to expand into the smart home devices market. However, Roku announced in 2018 it would be expanding into the smart home market. Over the last few years, Roku has launched products such as Roku Streambars, the Roku TV Ready certification program and most recently the Roku Voice Remote Pro. *Madison Square Garden Sports (MSGS) – A reopen play. Also a play on the NBA’s New York Knicks in the NBA playoffs. The Knicks, who play at Madison Square Garden, have sold out the first two playoff home games. *MGM Resorts (MGM) – Shares saw upward momentum Monday afternoon following another report Amazon (AMZN) is interested in MGM Studios — a company that is not related to MGM Resorts. The Information reported Amazon was considering a deal to buy MGM Studios back on May 17. The report shared on Monday did not appear to have any new information vs the May 17th report. *AT&T (T) – The company disclosed on Monday Director Stephen Luczo purchased 100,000 shares of AT&T at an average price of $29.80 per share. |