The Benzinga Stock Whisper Index is a weekly report that highlights five stocks that are gaining attention from investors. This index uses a combination of proprietary data and pattern recognition to identify stocks that are just under the surface and warrant attention.
Investors are always on the lookout for undervalued, under-followed, and emerging stocks. With so many methods available to retail traders, it can be challenging to sift through the abundance of information available to uncover new opportunities. The Stock Whisper Index aims to simplify this process by providing editorial commentary on why these stocks should be of interest and whether investors or casual readers should keep an eye on them.
Here is a look at the Benzinga Stock Whisper Index for the week of March 22:
1. Uber Technologies (UBER): The ride-hailing transportation company has seen increased interest from investors, with shares up over 150% in the last year. A new report highlights Uber’s plans to grow Uber Freight in Europe, which could expand its logistics segment. Analysts have been raising their price targets for Uber, showing optimism for the stock over the next 12 months.
2. Boston Scientific Corporation (BSX): The medical devices company is trading near 52-week highs and has announced several FDA approvals in the last two months. Investors may be circling the stock ahead of first-quarter earnings, expected in April. Boston Scientific has beaten earnings per share estimates in four straight quarters and revenue estimates in nine straight quarters.
3. Exxon Mobil Corporation (XOM): The oil company is seeing increased attention from investors, with the CEO stating that oil demand is healthy. Exxon was also named as one of the awarded companies by the U.S. Energy Department to purchase millions of barrels of oil for the strategic petroleum reserve. The company has made recent headlines, shutting down rumors of acquiring Hess Corporation.
4. Lam Research Corporation (LRCX): The semiconductor stock hit new all-time highs as the sector remains hot. Lam Research is looking to expand its supply chain diversification to Vietnam due to tensions between the U.S. and China. Shares of Lam Research could also be gaining attention after revealing a new chip from Nvidia Corporation and recent earnings reports from peers like Micron.
5. Bank of America Corporation (BAC): Investors are turning to banking leaders and giants for exposure to the sector, with Bank of America hitting 52-week highs recently. The stock saw increased interest from Benzinga readers ahead of expected quarterly earnings in April.
Stay tuned for next week’s report, and follow Benzinga Pro for all the latest headlines and top market-moving stories. Be sure to read the latest Stock Whisper Index reports for more insights into potential investment opportunities.
