Benzinga Pro's Top 5 Stocks To Watch For Tues., Mar. 17, 2020: VOO, BNTX, PLCE, MDT, NIO

Benzinga Pro's Stocks To Watch For Tuesday

  • Vanguard S&P 500 ETF (VOO) - A lesser-known way to play the broader S&P 500 index, this ETF normally trades about 5 million units per day. This compares to daily volume of about 115 million units for the very popular SPDR S&P ETF Trust (SPY). S&P 500 Futures were up about 24 points (or about 1%) to around 2,440 ahead of the open. Some important levels in the S&P 500 Futures to watch Tuesday: Monday's low at 2,360.25, the all-important 2,500 level which has served as a key resistance/support over the last four trading sessions and Friday's close at 2,664.75.
  • BioNTech (BNTX) - Shares were up 64% following news the company will work with Pfizer (PFE) to collaborate and co-develop a potential coronavirus infection treatment. 
  • The Children's Place (PLCE) - The company reported better-than-expected Q4 EPS of $1.85 but said it will defer its FY20 guidance. The news Tuesday follows a 24% decline on Monday as broader concerns about the coronavirus and its ultimate impact on retail locations weighed sharply on retailers.
  • Medtronic (MDT) - A manufacturer of one of the most important components in the infrastructure which makes up treating the coronavirus sickness, a medical device called a ventilator. Patients in critical condition are often put on ventilators as a means to create adequate lung function. One of the largest current concerns with the coronavirus infection isn't the virus itself, but the extreme burden treating critical patients puts on our healthcare systems. 
  • NIO, Inc. (NIO) - Will report Q4 results before the market open on Wednesday, Mar. 18, 2020.
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