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Benzinga Pro’s Top 5 Stocks To Watch For Thursday, Dec. 2, 2021: DIS, ZM, CFVI, LTRY, BENE

Today's 5 Stock Ideas: Disney (DIS) – An emerging play on sports betting. Notable sports betting reporter Ryan Butler tweeted on Wednesday, "ESPN's Mike Morrison says his company will be a major force

Today’s 5 Stock Ideas:

  • Disney (DIS) – An emerging play on sports betting. Notable sports betting reporter Ryan Butler tweeted on Wednesday, “ESPN’s Mike Morrison says his company will be a major force in the future of US sports betting because of its size and influence…”

  • Zoom Video Communications (ZM) – ARK Invest’s Cathie Wood bought nearly 162,000 shares of Zoom on Tuesday of this week.

  • CF Acquisition Corp. VI (CFVI) – Shares were up 40% following news of a SPAC merger deal with video platform Rumble. A filing issued by Rumble Thursday highlighted Donald Trump and actor Russell Brand among its influencer currently utilizing the platform.

  • Lottery.com (LTRY) – Company CEO will participate in a fireside chat at the Jefferies Sports Betting, iGaming Summit Thursday at 4 p.m. EST.

  • Benessere Capital Acquisition Corp. (BENE) – A play on the momentum in shares of Digital World Acquisition Corp (DWAC). Digital World shares closed up 7% on Wednesday and continued higher Thursday morning following a report the company is in talks for a deal with Trump Media & Technology Group. Traders are viewing Benessere as a sympathy play following the Digital World/Trump news as Digital World and Benessere have the same CEO.

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When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.

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