Daily Stock Ideas – August 6, 2021
Today’s 5 Stock Ideas:
- Robinhood (HOOD) – The most-searched ticker on Benzinga Pro over the last 24 hours. The stock was up about 37% for this week as of Friday morning.
- CarParts.com (PRTS) – Shares were up 11% Friday morning following strong Q2 earnings. The company’s COO and CFO, David Meniane, will interview on Benzinga’s “Power Hour” YouTube show at 12:30 p.m. EDT Friday.
- Microvast (MVST) – One of the most popular tickers on Reddit’s WallStreetBets forum.
- Kaixin Auto Holdings (KXIN) – The stock was up about 27% Friday morning following news the company will establish a new energy vehicle (the equivalent of electric vehicles in the US and Europe) business unit.
- Boyd Gaming (BYD) – A case of mistaken identity. Shares rallied more than 4% on Thursday after an incorrect reading by algorithms and traders. Notable electric vehicle publication, InsideEVs, reported on a supply deal between BYD (ticker BYDDF), an electric vehicle battery company, and Tesla (TSLA). Following the article, Boyd Gaming shares moved higher and crossed over a notable near-term resistance level at $57.