Benzinga Pro's Top 5 Stocks To Watch For Tuesday, Oct. 4, 2022: AKAM, LUV, GSAT, REAL, DLPN
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Akamai Technologies (AKAM) - Shares closed up more than 4% on Monday following a report the company received a takeover approach from a private-equity source. An analyst at Truist Securities late Monday noted Akamai could be valued over $150 per share in a takeover scenario.
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Southwest Airlines (LUV) - A play on airline stocks which are near pandemic lows. An analyst at Morgan Stanley Tuesday morning issued a note with mixed sentiment on the airline space. The analyst highlighted Delta Air (DAL) and United Air (UAL) as the two best-positioned airliners. The analyst was optimistic on Southwest and Allegiant Air (ALGT) given their stock prices that were near pandemic lows.
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Globalstar (GSAT) - A peer play in the mobile satellite space. Stocks in the group moved higher Monday following a report L3Harris (LLL) was near a deal to buy ViaSat's (VSAT) Government Systems unit for about $2 billion. While ViaSat shares closed up 27% on Monday, shares of Globalstar closed up about 6%.
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The RealReal (REAL) - A play on the resale retail space. The group moved higher Tuesday morning following news of a takeover of peer in the space, Poshmark (POSH). An analyst at Needham highlighted the Poshmark deal as favorable for the space and mentioned The RealReal and ThredUp (TDUP) as potential beneficiaries.
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Dolphin Entertainment (DLPN) - A play on non-fungible tokens (NFTs). An analyst at Maxim Tuesday morning highlighted Dolphin as a top way to gain exposure to the NFT market. Tune into Benzinga's daily Stocks To Watch podcast after 10 a.m. EDT on Twitter or later in the morning on Spotify or Apple Podcasts to hear more about the analyst calls mentioned in this alert.