Benzinga Daily Stocks To Watch

Elon Musk's Hostile Bid To Take Over TWTR - Daily Stocks To Watch April 14, 2022


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Straight from Benzinga newsdesk, hosts Brent Slava and Steve Krause bring you the market news and stocks to watch.

Steve and Brent focus on:

  • TWTR - Board meeting starts at 10am to discuss offer!
  • CFRA: Musk's offer "should be viewed as enticing to shareholders (near our $55 target) and will be difficult to reject. If rejected, we fear Musk could walk away .. which would likely drive shares considerably lower
  • Wedbush "Now ultimately we believe this soap opera will end with Musk owning Twitter after this aggressive hostile takeover of the company"
  • Head Of Investment At UK-Based Interactive Investor, Victoria Scholar, Says Market Is Pricing In Higher Likelihood Twitter Rejects Deal From Elon Musk
  • Lightshed's Rich Greenfield "Part of this is, is he even serious, like is this a game? Is he simply having fun and sort of just making a point about free speech and sort of trying to hold management's feet to the fire? Or does he actually want to own and control Twitter and run it?" More importantly, does Musk even know what he wants? Greenfield noted that based on Musk's recent activity on Twitter, his actual intentions are rather unclear. Recent activity includes a poll suggesting the company's headquarters be converted to a homeless shelter, an ask about whether or not Twitter is "dying," and a proposal to remove the "w" from "Twitter."
  • LI - other Chinese ev: NIO XPEV
  • SFET - other cyber names CYRN DTST IRNT CISO KD S
  • NNVC - BCRX is the classic bird/swine flu play
  • KLDO - being discussed similarly as VERU

You can follow Elon's Twitter Account here

Today's 5 Stock Ideas: TWTR LI SFET NNVC KLDO

  • Twitter (TWTR) - Shares were up ~6% near the $49 level following news Elon Musk made an offer to buy all of the company at $54.20 per share in cash. Analysts were mixed on the news; a Wedbush analyst, Dan Ives, was optimistic the offer would be accepted while another analyst voiced concern about Elon Musk walking away from the company if his offer was rejected.
  • Li Auto (LI) - A potential sympathy play following a report the CEO of peer in the Chinese electric vehicle space, XPeng (XPEV), warned all Chinese vehicle factories may have to stop production in May if supply chain disruption continues.
  • Safe-T Group (SFET) - A play on cybersecurity. Stocks in the group were on watch Wednesday following reports U.S. officials said advanced hackers have shown the ability to hijack multiple industrial control systems.
  • NanoViricides (NNVC) - A play on current fears related to bird flu contagion.
  • Kaleido Biosciences (KLDO) - One of Thursday morning's biggest winners. The company is a low-float penny-stock play. Shares closed up 75% on Wednesday and were up another 30% Thursday morning.


Hosts:

Steve Krause Reach out to Steve at [email protected]

Sr. Reporter Benzinga Newsdesk

Brent Slava Reach out to Brent at [email protected]

Sr. Reporter, Head of Benzinga Newsdesk

pro.benzinga.com

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions



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