Benzinga Daily Stocks To Watch

FTX To Take Over HOOD? - Daily Stocks To Watch June 28, 2022


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

On Fridays Benzinga's resident Options Expert Ryan Faloona joins us to spice things up.

Today's 5 Stock Ideas:

  • Weibo (WB) - In what might be the news of the day Tuesday, Chinese officials eased COVID-related lockdowns. Chinese indices traded up about a percent and a half amid the news, also pushing higher U.S. futures. Weibo shares traded up 1.5% in pre-market action. The company is often times considered "the Twitter of China."
  • Robinhood (HOOD) - Shares spiked higher Monday following a Bloomberg report crypto exchange FTX could be moving closer to a takeover of Robinhood. A similar rumor was heard at the beginning of June. FTX founder Sam Bankman-Fried commented to Reuters following the report and said there are currently no active M&A discussions between FTX and Robinhood. Despite the comment from Bankman-Fried, Robinhood shares were up 14% in pre-market action Tuesday.
  • Bakkt (BKKT) - Company CEO, Gavin Michael, will interview on Benzinga's "Stock Market Movers with Money Mitch" Thursday at 1:45 p.m. EDT. Check Benzinga's YouTube channel to tune into the interview.
  • Helios Technologies (HLIO) - A peer play following news out of Enerpac (EPAC) of a quarterly miss and lowered guidance. While shares of Enerpac were down about 5% in pre-market action Tuesday, Helios shares traded down only about 1%.
  • Evofem Biosciences (EVFM) - A stock discussed in Benzinga Pro's chat Tuesday morning. Continuing a rally Monday, Evofem shares were up another 22% Tuesday following news the company reached a deal with an unnamed pharmacy benefit manager (PBM) to ensure most women covered by the PBM's plan can fill their Phexxi prescriptions.


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

Ryan Faloona Reach out to Ryan at [email protected]

Director of Customer Success

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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