Market Overview

Benzinga Pro's Top 5 Stocks To Watch For Wed., Apr. 29, 2020: FB, IBM, SHOP, MNST, MYOS

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Today's 5 Stock Ideas: 

  • Facebook (FB) - An earnings play. The company will report quarterly results after the close Wednesday.
  • IBM (IBM) - A dividend play. In an environment where the majority of publicly-traded companies are suspending dividend payments, IBM announced Tuesday afternoon it raised its quarterly dividend from $1.62 to $1.63/share.
  • Shopify (SHOP) - A merchant/ecommerce play. Despite news Tuesday FedEx (FDX) will be partnering with Shopify competitor BigCommerce, shares of Shopify closed Tuesday's session up about 1%.
  • Monster Beverage (MNST) - A play on an emerging competitor in the energy/nutritional drink space. Pepsi (PEP) Tuesday announced a partnership with Monster competitor, Bang Energy. While Monster shares fell as much as 3% at one point during Tuesday's session, the stock closed down just 0.6%.
  • MYOS RENS (MYOS) - A play on animal health. The company reported Tuesday its MYOS Canine Muscle Formula is now eligible for reimbursement by several top-tier pet insurance companies.
 

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Posted-In: Pre-Market Outlook