Daily Stock Ideas – June 8, 2021
Today’s 5 Stock Ideas
- NIO Inc. (NIO) – Shares traded higher in sympathy with Tesla (TSLA) following news from China’s Passenger Car Association Tesla sold over 33,000 cars in China during the month of May. While Tesla shares traded up about 3% on the news, NIO shares were up about 2.4% in pre-market action.
- Bionano Genomics (BNGO) – The fifth most-searched ticker on Benzinga Pro over the last 24 hours. Biogen (BIIB) was the most searched ticker, followed by AMC Entertainment (AMC), Clover Health (CLOV) and Ra Medical (RMED).
- Workhorse (WKHS) – The stock moved over an important technical level at $14 during Monday’s after-hours session. Shares tested this level as support in Tuesday’s pre-market session and rebounded off that level. Shares flirted with the $15 level about an hour ahead of the opening bell. The Benzinga newsdesk did not see fundamental news to justify the move higher.
- Plug Power (PLUG) – Fuel-cell stocks trended higher during Tuesday’s pre-market session. Plug Power shares were up 3%, FuelCell Energy (FCEL) shares were up 6% and Ballard Power Systems (BLDP) shares were up 2%.
- Urban One (UONE) – A potential play following news Monday evening State Street (STT) wants to increase representation of black and latinx talent in the asset management industry. Urban One shares have been sensitive to developments in the hiring of minority communities in the past year.