Market Overview

Benzinga Pro's Top 5 Stocks To Watch For Thurs., Jan. 16, 2020: TSLA, MS, BYND, RBZ, PECK

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Benzinga Pro's Stocks To Watch For Thursday

  • Tesla (TSLA) - Shares were down 4% to under the $500 level following a couple news items overnight. Morgan Stanley's noted auto analyst, Adam Jonas, downgraded shares of Tesla from Equal-Weight to Underweight and raised his price target to $360. Secondly, a report suggested the state of California saw Q4 registrations fall from about 25,000 vehicles in the same quarter last year to about 13,500 vehicles.
  • Morgan Stanley (MS) - Reported Q4 adjusted earnings of $1.20/share on sales of $10.857 billion. Analysts had been expecting EPS of $0.99 on sales of $9.78 billion. The stock was up 6% following the strong report.
  • Beyond Meat (BYND) - After touching a pre-market low of $103.80 Thursday morning, shares rebounded sharply to flirt with a near-term resistance level near $110. Not seeing fundamental news to justify the upside this morning.
  • Reebonz (RBZ) - The company reported a partnership with TWIST to make TWIST's products available on Reebonz's platform. Shares rallied into the close Wednesday and continued higher Thursday morning. The stock was up more than 20% ahead of the open. Reminder Reebonz is a known low-float play, with about 1.8 million shares in the float.
  • The Peck Company Holdings (PECK) - Shares of this momentum play from Wednesday continued modestly higher Thursday, up about 3%. After rallying 44% Wednesday on seemingly no news, a source familiar with the company highlighted to Benzinga "a presentation was recently made to a mutual fund" about the company. 

Posted-In: Pre-Market Outlook

 

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