Market Overview

Benzinga Pro's Top 5 Stocks To Watch For Wed., Mar. 4, 2020: JWN, VIR, CMG, AHPI, GNMK

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Benzinga Pro's Stocks To Watch For Wednesday

  • Nordstrom (JWN) - Shares were down about 7% following a Q4 earnings and sales miss. FY20 guidance was toward the lower end of the analyst consensus estimate range. 
  • Vir Biotech (VIR) - Reported an expanded collaboration with Alnylam Pharma (ALNY) to advance RNAi therapeutics for the treatment of coronavirus infection. The stock was up 15%; Alnylam shares were quiet pre market.
  • Chipotle Mexican Grill (CMG) - Wells Fargo upgraded the stock to Overweight and set a $1,000 price target on shares, a level which represented about 32% upside from where shares traded Wednesday morning. Chipotle announced late Tuesday it will report quarterly results on April 21, 2020.
  • Allied Healthcare Products (AHPI) - Traders took profit Wednesday morning following an 80% rally in the stock over just the last five trading sessions. As the company manufactures emergency medical supplies and respiratory devices, traders have been using the stock as a play on continued concerns about the coronavirus outbreak. Shares were down 22% ahead of the opening bell.
  • GenMark Diagnostics (GNMK) - The stock rallied 22% on Tuesday following a press release from the company which disclosed initial shipments of ePlex research-use only test kits designed for coronavirus. The release did not disclose any figures related to the number of devices shipped. Shares continued higher Wednesday morning, up about 8%. 
 

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Posted-In: Pre-Market Outlook