Daily Stock Ideas – December 21, 2020
Today’s 5 Stock Ideas:
- Eyegate Pharmaceuticals (EYEG) – The company announced the acquisition of Panoptes Pharma. The acquisition added to EyeGate’s pipeline. Shares traded roughly 80% higher premarket today.
- Nike (NKE) – The company announced better-than-expected Q2 EPS and sales results and an increase in digital sales on Friday after the close. Shares traded roughly 4% higher premarket today.
- Zoom Video (ZM) – Shares traded roughly 4% higher premarket. This could be due to increased concerns over a new coronavirus strain spreading in the U.K.
- Walmart (WMT) – An analyst upgrade play. RBC Capital upgraded Walmart from Sector Perform to Outperform and raised its price target from $153 to $170.
- AIM ImmunoTech (AIM) – The company announced that the FDA, on December 17, 2020, granted Orphan Drug Designation status to AIM’s drug Ampligen for the treatment of pancreatic cancer. Shares traded roughly 20% higher premarket.
That means at least one excellent catalyst has already, or will eventually, drive price change.