Market Overview

Benzinga Pro's Top 5 Stocks To Watch For Wed., Apr. 15, 2020: SONN, MAR, TSCO, CCL, LAKE


Today's 5 Stock Ideas: 

  • Sonnet Biotherapeutics (SONN) - One of Tuesday's most talked-about stocks, shares rallied 60% despite a lack of news from the company. Late Monday, a so-called "think tank" and non-profit, Altru Institute, issued a promotional-leaning research report on Sonnet that highlighted the company's platform as related to coronavirus. Benzinga reached out to Altru to learn more about the organization and the report, but has not yet heard back. 
  • Marriott (MAR) - Reported occupancy level for 870 hotels in North America was around 10%, while occupancy for 500 hotels in Europe was recently under 10%.
  • Tractor Supply (TSCO) - A play on same-day delivery. The company Tuesday reported it had become the first general merchandise retailer to launch same-day delivery from 100% of its stores.
  • Carnival (CCL) - A play on continued concerns related to the cruise line industry. After Tuesday news Carnival will extend a pause on operations for two of its cruise lines til June 30, the company's CEO said in a CNBC interview its 2021 bookings were "strong."
  • Lakeland Industries (LAKE) - One of the original plays (years before the coronavirus pandemic) on protective apparel/equipment as a tool against infectious disease. The company will report Q4 results after the close Wednesday.

Related Articles (MAR + SONN)

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Posted-In: Pre-Market Outlook