Daily Stock Ideas – December 28, 2020
Today’s 5 Stock Ideas:
- Ideanomics (IDEX) – A play on electric ride-hailing vehicles in China. Shares were up 20% in pre-market action Monday following news of an initial 2,000-unit order by Didi, BYD joint venture, Meihao Chuxing.
- Clean Harbors (CLH) – Named a top stock pick for 2021 by Needham. An analyst at Needham raised the firm’s price target on Clean Harbors to $91. Shares last traded around $75.
- IMV (IMV) – The stock was up 13% ahead of the open following news of successful completion of the company’s pre-clinical studies for a potential COVID-19 vaccine.
- ATIF Holdings (ATIF) – A penny stock play on news from AeroCentury (ACY) that the NYSE American exchange accepted the company’s plan for continued listing. ATIF holds an about 6.5% stake in AeroCentury. AeroCentury shares were up 150% Monday morning.
- Osmotica Pharma (OSMT) – A play on an upcoming FDA action date for the company’s spasticity treatment for multiple sclerosis patients. On Tuesday, the FDA has scheduled a Prescription Drug User Free Act (PDUFA) action date for the company’s New Drug Application on Ontinua.
Coming straight from Benzinga’s team of researchers and reporters, the stocks above have all the signs of a great opportunity.
That means at least one excellent catalyst has already, or will eventually, drive price change.