Benzinga Pro's Top 5 Stocks To Watch For Friday, May 19, 2023: DHI, ONON, EXPR, GLOB, LXEH
Portfolio Pulse from Benzinga Newsdesk
Top 5 stocks to watch include DHI, ONON, EXPR, GLOB, and LXEH. DHI is affected by home prices, ONON is a sympathy play in the shoe sector, EXPR is favored by an analyst, GLOB is a play on AI, and LXEH is up due to China's cooperation with central Asian countries.
May 19, 2023 | 1:12 pm
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POSITIVE IMPACT
Express (EXPR) is favored by an analyst ahead of the company's quarterly results next week.
EXPR's stock price may see a positive impact in the short term due to favorable comments from an analyst at Small Cap Consumer Research, who views the company as an impressive speculative play.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Globant (GLOB) is a play on AI, with analysts at William Blair highlighting the company's beat-and-raise quarter.
GLOB's stock price may see a positive impact in the short term due to analysts at William Blair highlighting the company's beat-and-raise quarter and describing it as well versed in AI.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Lixiang Education (LXEH) is up nearly 50% following a report of Chinese President Xi proposing cooperation with central Asian countries.
LXEH's stock price has already seen a significant increase due to the news of Chinese President Xi proposing cooperation with central Asian countries. This positive momentum may continue in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
DHI is affected by home prices, with existing home sales down less than 2% YoY in April.
DHI is a play on housing and homebuilders. The news of the largest annual drop in home prices in over 11 years could negatively impact DHI's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
ONON is a sympathy play in the shoe sector following weak quarterly results and guidance from Foot Locker (FL).
ONON's stock price may be negatively impacted in the short term due to weak quarterly results and guidance from Foot Locker, as it is a sympathy play in the shoe sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100