Market Overview

Benzinga Pro's Top 5 Stocks To Watch For Thurs., Apr. 16, 2020: BBY, PLT, DCAR, TBLT, CEMI

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Today's 5 Stock Ideas: 

  • Best Buy (BBY) - A play on electronic goods delivery/curbside pick up. On Wednesday, Best Buy announced quarter-to-date sales through Mar. 20 were up 4% year over year; sales for the nine-week period ended Apr. 4 were down 5%; sales from Mar. 21 to Apr. 11 were down 30%.
  • Plantronics (PLT) - A play on increased sales of enterprise headsets. 
  • DropCar (DCAR) - A nano-cap, momentum, penny stock play on food delivery. 
  • ToughBuilt (TBLT) - A play on Amazon storefront sales. The company said Q1 gross sales through Amazon U.S. storefront were $1.2 million, nearly half of the company's Amazon-related sales for eight months in 2019.
  • Chembio Diagnostics (CEMI) - A play on coroanvirus testing. First shipments of the company's serological test were released as of Wednesday.
 

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Posted-In: Pre-Market Outlook