Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance to uncover new information.
This index layers editorial commentary to help make sense of why these stocks should be of interest and whether investors or casual readers should watch them.
Related Link: Coinbase: Key Player In New Era Of Bitcoin ETFs, Encourages Investor Caution
Here is a look at the Benzinga Stock Whisper Index for the week of Feb. 9:
- Block Inc SQ: The financial services company saw increased interest from investors with minimal large news items on the week. Shares of Block may have been increasingly volatile with peer company PayPal Inc PYPL reporting quarterly earnings. The company received analyst upgrades in late January, with Wedbush upgrading shares from Neutral to Outperform and BTIG upgrading shares from Neutral to Buy. The analysts have price targets of $90 and $85 respectively. Block is set to report fourth-quarter financial results on Feb. 22, which could lead to increased interest ahead of earnings.
- MicroCloud Hologram Inc HOLO: The holographic technology company saw shares soar Wednesday after announcing plans to join the Communications Industry Association. The company said it plans to accelerate the development of new technologies. A recent reverse stock split led to fewer shares outstanding and saw shares takeoff with volume and a potential low-float move. Shares of the stock are down 33% over the last year but are now up over 400% year-to-date in 2023. After hitting over $40 earlier in the week, shares have been trending down in the back half of the week to below $20. The move on the company's announcement could be short-lived.
- Coinbase Global COIN: Shares of Coinbase are trading higher with a rise in the value of Bitcoin BTC/USD, the leading cryptocurrency. The cryptocurrency platform is expected to benefit from the approval of Bitcoin ETFs as the custodian for many of the newly approved ETFs. Investors could be betting on a strong earnings report and guidance from the company. Coinbase will report fourth-quarter financial results on Feb. 15. Shares of Coinbase are up nearly 100% over the last year, but have traded down year-to-date in 2024.
- Berkshire Hathaway Inc BRKBRK: One of the most valuable companies in the world, Warren Buffett led Berkshire Hathaway saw increased interest from investors on the week for both its Class A and Class B shares, leading to an inclusion on this list. The company had minimal news on the week outside a disclosure more shares of oil company Occidental Petroleum OXY were purchased. Top portfolio holding Apple Inc AAPL reported quarterly earnings that could put Berkshire Hathaway more in the spotlight. Shares of Berkshire are trading near all-time highs and the company's market capitalization is approaching the $1 trillion level.
- KKR & Co Inc KKR: The asset management company saw revenue and earnings per share beat analysts' expectations in the fourth quarter. Analysts upgraded subsequently shares. Shares of KKR trade near 52-week highs, which comes as several recent IPOs could signal increased appetite for public offerings.
Stay tuned for next week’s report, and follow Benzinga Pro for all the latest headlines and top market-moving stories here.
Read the latest Stock Whisper Index reports here:
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