Investors are looking for undervalued and unfollowed emerging stocks to find investment opportunities.
Retail traders have a myriad of ways to discover new information. For some, this can be overwhelming. Benzinga’s Moneymaker Index uses a combination of proprietary data and pattern recognition to introduce five stocks each week that attract attention.
Check out the Benzinga Moneymaker Index for the week of 01/05/2023.
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- Oblong Co., Ltd. OBLG: Shares of the cloud-based telecom company are up more than 40% in early 2023. The move comes after he announced a 15-to-1 reverse split to kick off the new trading year for the company.
- Enovics Co., Ltd. ENVX: Silicon Anode Lithium Ion Battery Company Enovix recently provided an update on its production and commercialization, with its stock price falling in early 2023. The company’s comment that it needs additional funding may have surprised investors.
- Jeron Co., Ltd. German: The· The clinical-stage biopharmaceutical company saw its share price soar on Wednesday, Jan. 4, after announcing results from a Phase 3 trial of imetelstat treatment. Geron plans to file FDA marketing applications in the United States in 2023 and also in Europe in 2023. Shares fell in Wednesday’s after-hours trading session after the company announced its public offering.
- ReShape Life Science RSLS: Shares of a medical device company surged on Tuesday, January 3, the first day of a new trading year. The move comes after he completed a 50-to-1 reverse split in late December and is now lowering the stock’s trading float.
- Starbucks Corporation SBUX: The coffee chain is not on the same level as the typical small caps featured in the Benzinga Moneymaker Index. In some cases, being mentioned or searched for more often in our own data pops up big names. That’s what happened at Starbucks, one of his most popular brands of the week. The addition comes as analysts are becoming more bullish on Starbucks. Cowen raised his price target from $104 to $112, calling the reopening of stores in China a tailwind. Barclays also raised its price target from $105 to $121. Starbucks’ stock fell 5% last year, staying near his $104 price target for former analysts.
That’s it for this edition of the Benzinga Moneymaker Index.
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