Mitch Hoch discussed the stocks he will be watching Wednesday on Benzinga's YouTube show "Money Mitch." The two sectors to watch today are solar and electronic gaming/multimedia.
ReneSola Ltd SOL has come down to support around $6.66. Hoch is watching for a bounce back to $7.50. If the stock is able to bounce, he thinks it could head back toward the $9 level today.
Maxeon Solar Technologies Ltd MAXN The chart looks good after the stock bounced off the $14 level, he said. He is watching Maxeon Solar as the stock could have enough momentum to reach the $18 level.
Electronic Arts Inc EA had a great earnings report, Hoch said. The company reported earnings of $1.23 per share, which beat the estimate of $1.05 per share, and revenue of $1.49 billion, which beat the estimate of $1.39 billion.
Corsair Gaming Inc CRSR bounced off support recently. Hoch thinks it offers a good value and could ride the momentum in the electronic gaming sector.
Zynga Inc ZNGA bounced off the $10 support level. Hoch thinks it could move higher toward $10.75 today and potentially reach $11 by the end of the week.
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