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

by Benzinga Newsdesk, Benzinga Staff Writer
April 29, 2020 7:46 AM | 1 min read |

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.
Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Comments
Posted In: Pre-Market Outlook
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!