Benzinga Pro's Top 5 Stocks To Watch For Wednesday, May 24, 2023: NFLX, COST, UBER, CYBR, EEIQ
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analysts favor Netflix as it launches paid sharing at $7.99/month in the US. Costco will report quarterly results on Thursday. Morgan Stanley analysts believe Uber's profitability in global delivery is underappreciated. CyberArk receives positive feedback from analysts after its investor day. EpicQuest Education shares rise 89% after a non-binding agreement with a Chinese college.
May 24, 2023 | 1:00 pm
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NEUTRAL IMPACT
Costco is set to report quarterly results on Thursday, with retail stocks in focus this week.
Costco's upcoming quarterly results announcement could impact its stock price, but the direction is uncertain without further information. The focus on retail stocks this week adds to the relevance of the news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
CyberArk receives positive feedback from sell-side analysts after its investor day, with William Blair analysts liking the company's new direction, vision, and strategy.
The positive feedback from sell-side analysts, including William Blair, after CyberArk's investor day could lead to short-term stock price growth, as it indicates confidence in the company's new direction, vision, and strategy.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
EpicQuest Education shares rise 89% after a non-binding agreement with a Chinese college, making it a low-float momentum play for Wednesday.
EpicQuest Education's non-binding agreement with a Chinese college has led to a significant increase in its stock price, making it a low-float momentum play for Wednesday. This could result in further short-term stock price growth.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Netflix launches paid sharing at $7.99/month in the US, receiving favorable views from Oppenheimer analysts.
The launch of paid sharing at $7.99/month in the US is a positive development for Netflix, as it could increase revenue and user base. Oppenheimer analysts' favorable views on the company further support the potential for short-term stock price growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley analysts believe Uber's ability to scale profitability in global delivery is underappreciated and the US delivery industry's runway could be longer than expected.
Morgan Stanley analysts' positive outlook on Uber's profitability in global delivery and the potential for a longer runway in the US delivery industry could lead to short-term stock price growth, as it highlights the company's growth potential.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100