Investors are looking for undervalued, underfollowed, and emerging stocks, and retail traders have a multitude of methods at their disposal to uncover new information. The sheer number of possibilities, however, can be overwhelming for some.
To help navigate these possibilities, Benzinga’s Stock Whisper Index combines proprietary data and pattern recognition to showcase five stocks each week that are just under the surface and warrant attention. The index includes editorial commentary to help make sense of why these stocks should be of interest and whether investors and casual readers should watch them.
Here are the five stocks that made the Benzinga Stock Whisper Index for the week of May 25, 2023:
Palantir Technologies Inc PLTR: Shares of Palantir hit new 52-week highs earlier in the week, driven by a large purchase by Ark Invest and momentum as an artificial intelligence play. The company’s financial results earlier this month beat estimates, and demand is strong for its AI platform.
Related Link: Palantir Treks North Following Break Of Bull Flag, Where To Watch For The Pullback
Beamr Imaging Ltd. BMR: Shares of this video technology and image science software company rose over 100% on Thursday after its content adaptive bit rate library was integrated with Nvidia Corporation NVDA.
Sealsq Corp LAES: Shares of this semiconductor company fell Thursday following a strong earnings report from Nvidia. Sealsq highlighted its AI-powered data processing pipeline, which helps customers handle “real-time streaming data from IoT satellites and sensors.”
Nio Inc – ADR NIO: Shares of this electric vehicle company fell Thursday after Chinese EV peer XPeng Inc reported first-quarter financial results lower than expected. Analyst downgrades for XPeng put pressure on Nio.
ProShares Ultra Pro Short QQQ ETF SQQ: The ProShares Ultra Pro Short QQQ ETF is a leveraged inverse ETF of the Nasdaq 100. It saw strong interest over the week, likely as investors looked to hedge their investments or bet against the continued growth of top technology stocks in the Nasdaq 100. Its increasing interest comes as the Invesco QQQ Trust Series 1 QQQ, which tracks the Nasdaq 100, was up Thursday on the strength of Nvidia’s stock hitting new 52-week highs.
That’s the Benzinga Stock Whisper Index for this week. To stay updated, check out the most recent reports and follow Benzinga Pro for all the latest headlines and top market-moving stories.
Stay tuned for next week’s report!