Daily Stock Ideas – November 5, 2021
Today’s 5 Stock Ideas:
- Pfizer (PFE) – Shares were up 10% ahead of the open Friday following news the company’s COVID-19 oral antiviral treatment candidate reduced the risk of hospitalization or death by 89% in an interim analysis of Phase 2/3 study.
- Royal Caribbean (RCL) – Travel and casino stocks moved higher in sympathy following the positive Pfizer news on the COVID front.
- Square (SQ) – Shares rebounded sharply in pre-market action and moved over the $250 level. The company reported quarterly results on Thursday after market close.
- Redbox Entertainment (RDBX) – A Canaccord analyst initiated coverage on the stock with a Buy rating and $25 price target.
- ReWalk Robotics (RWLK) – One of Friday morning’s big winners. The stock was up 40% following news the FDA gave breakthrough device designation for the company’s ReWalk ReBoot Soft Exo-Suit.