Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance to uncover new information.
This index layers editorial commentary to help make sense of why these stocks should be of interest and whether investors or casual readers should watch them.
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Here's a look at the Benzinga Stock Whisper Index for the week of June 7:
Elevance Health (NYSE:ELV): The health insurer company saw increased interest from readers with shares near 52-week highs. The company presented at the Bernstein's 40th Annual Strategic Decisions Conference recently and will be presenting at the Goldman Sachs Healthcare Conference on June 12.
Analysts recently updated their price targets on the stock. Baird initiated shares with an Outperform rating. JPMorgan raised the price target from $628 to $631 and has an Overweight rating. Bank of America raised the price target from $621 to $646 and has a Buy rating.
Comcast Corporation (NASDAQ:CMCSA): The media company could soon have media rights for National Basketball Association games back after several decades. The company is believed to be one of the three companies landing NBA rights. Comcast would pay $2.5 billion annually to air around 100 games each season, with around half of the games exclusive to the Peacock streaming platform according to a report.
Comcast unit NBC had rights for NBA games from 1954 to 1962 and 1990 to 2002 previously. The NBA rights would add to a library of sports content for Comcast and Peacock that includes NFL games, NASCAR, INDYCAR, PGA Tour, NCAA Football and the Olympic Games. The 2024 Summer Olympics begin on July 26 and could put Comcast in the spotlight.
Intuit (NASDAQ:INTU): The accounting and tax provider company saw increased interest from investors, which comes with potential concerns over free tax filing software in future years. The company recently presented at the Bank of America Global Technology Conference and will present at the Nasdaq Investor Conference on June 11. In May, Intuit reported third-quarter financial results, which included comments on how artificial intelligence is boosting the customer experience. The company also raised full-year financial guidance for revenue, operating income and earnings per share.
Workday Inc (NASDAQ:WDAY): The software company recently announced several business updates that centered on the use of artificial intelligence. At the Workday DevCon 2024, Workday showcased Workday AI marketplace and Workday Extend, items that will make it easier for developers and partners to build on the Workday platform.
"We are leading the enterprise AI revolution, and we're doing that not only by innovating at Workday – but by enabling AI innovation for our customers and partners as well," Workday Senior Vice President Matt Grippo said. "With these new offerings, we are unlocking more possibilities for organizations to drive business efficiency and realize greater value from the Workday platform and ecosystem."
Simpson Manufacturing Company (NYSE:SSD): The engineered structural connectors and building solutions company saw increased interest from investors during the trading week. The company will participate at the 2024 Wells Fargo Industries Conference on June 12. Simpson Manufacturing will report second-quarter financial results in July. The company has missed earnings per share estimates from analysts in the last two quarters and missed revenue estimates in the last quarter after a streak of several beats in a row.
Stay tuned for next week’s report, and follow Benzinga Pro for all the latest headlines and top market-moving stories here.
Read the latest Stock Whisper Index reports here:
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