Benzinga Pro's Top 5 Stocks To Watch For Monday, Jul. 11, 2022: DWAC, JPM, RBLX, INVA, BGNE
Today's 5 Stock Ideas:
-
Digital World Acquisition Corp. (DWAC) - A play on competition (or a lack of competition) in the social media space. Big news in the space over the weekend was that Elon Musk terminated his deal to buy Twitter (TWTR). Shares of Digital World, the special purpose acquisition corporation (SPAC) that will merge with Trump Media and its Truth Social social media platform, were up about 15% on the report.
-
JP Morgan (JPM) - Will kick off the big bank earnings season on Thursday of this week. Investors can expect JP Morgan's results to be out before 7 a.m. EDT on Thursday.
-
Roblox (RBLX) - A play on some positive analyst commentary on Friday of last week. Data-driven research firm, M Science, issued a note that suggested Roblox's could be seeing a strong rebound in year-over-year bookings, a key metric for the company's investors.
-
Innoviva (INVA) - A play on consolidation in the pharma space. Innoviva announced it will buy La Jolla Pharma (LJPC) in about a $150 million deal, or about $6.23 per share.
-
Beigene (BGNE) - A play on an upcoming FDA date. An FDA panel is scheduled to review Beigene's esophageal squamous cell carcinoma treatment candidate on Tuesday of this week.