Benzinga Pro's Top 5 Stocks To Watch For Tuesday, May 9, 2023: BABA, TSM, LCID, H, GTHX

  • Alibaba (BABA) - China's most economically-important companies will be in focus this week ahead of earnings out of the nation's second largest ecommerce company behind Alibaba, (JD). Shares of Alibaba and JD are known to move in tandem with each other. Alibaba will report quarterly results in two Thursdays, on May 18.

  • Taiwan Semiconductor (TSM) - The company will release monthly sales data for April on Wednesday. Monthly sales figures are a common catalyst for the shares of many types of corporations.

  • Lucid Group (LCID) - One of Tuesday's most-discussed stocks. Shares were down nearly 10% following worse-than-expected quarterly results from this electric vehicle manufacturer.

  • Hyatt (H) - A way to understand the state of the economy from a hospitality and travel standpoint. Hyatt will host its investor day event on Thursday of this week.

  • G1 Therapeutics (GTHX) - A play on an upcoming FDA-related news catalyst. The company is expected to publish results from a Phase 2 trial of its triple-negative breast cancer treatment candidate by May 12.

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Posted In: Pre-Market Outlook
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