Today’s 5 Stock Ideas:
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Tesla (TSLA) – Notable analyst, Bernstein’s Tony Sacconaghi, warned Tuesday Elon Musk could be forced to sell Tesla shares in order to cover the cost of buying Twitter (TWTR). Sacconaghi noted that if Tesla shares fell from around the $620 level they are trading near today to around the $500 level, Elon Musk would be about $2.5 billion short of the $12.5 billion he needs to borrow against his Tesla shares to complete the purchase.
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Alibaba (BABA) – The company will report Q4 earnings on Thursday before market open.
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Happiness Biotech (HAPP) – Wednesday morning’s biggest winner. A penny stock play. This China-based diversified company mainly focused on nutraceuticals and dietary supplements said it won a cooperation deal with Fujian Yiluba Auto Service to sell 2,000 electric vehicles. If all 2,000 vehicles are eventually purchased, the deal could be valued at up to $30 million.
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CLEAR (YOU) – A play on faster and easier airport security check lanes. The company announced Wednesday its free virtual queuing program will launch at Terminal 4 of JFK International Airport in New York.
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Traeger (COOK) – A play on summer! Traeger produces wood pellet-fueled barbeque grills.
Benzinga programming note: we’ve started a podcast for the Stocks To Watch alert! Click here to see all the episodes.
Hosted by the Benzinga Pro newsdesk’s Brent Slava and Steve Krause, the podcast will give more in-depth information on the ideas presented in the daily Stocks To Watch alert!
Listeners can find the podcast on Spotify and Apple by searching “Benzinga Stocks To Watch.”
