Benzinga Pro's Top 5 Stocks To Watch For Tuesday, May 16, 2023: AMD, NKE, MRNA, H, BEEM

  • Advanced Micro Devices (AMD) - The company will host its annual shareholder meeting this week on Thursday. The event will begin at 12 p.m. EDT. While we know annual shareholder meetings are often times not a major news catalyst for investors, Wall Street has taken to listening carefully when AMD CEO Lisa Su speaks.

  • NIKE (NKE) - A sympathy play amid upcoming earnings out of peer in the sports apparel/retail space, Foot Locker (FL). Foot Locker will report on Friday of this week; NIKE is not expected to report their last-quarter results until the end of June.

  • Moderna (MRNA) - A play on a potential upcoming FDA news catalyst. The company is expected to report Phase 1/2 trial results from a propionic acidemia treatment candidate by Thursday of this week.

  • Hyatt (H) - Following the company's first investor day event in three years last week, an analyst at Morgan Stanley said investors faded the news in the stock. Despite the unfavorable reaction for Hyatt bulls, the Morgan Stanley analyst showed conviction a multi-year opportunity for Hyatt's management and its investors still remains.

  • Beam Global (BEEM) - A play on electric vehicle charging capabilities. Shares were up 20% Tuesday morning following better-than-expected quarterly results.

Market News and Data brought to you by Benzinga APIs
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!