Benzinga Pro's Top 5 Stocks To Watch For Wednesday, June 14, 2023: AMD, STZ, FUBO, WGO, NKLA
Portfolio Pulse from Benzinga Newsdesk
Top 5 stocks to watch include AMD, STZ, FUBO, WGO, and NKLA. AMD's CEO highlighted new chips, STZ's Modelo became the top-selling beer in May, FUBO broke above $2, WGO to report quarterly results on June 21, and NKLA shares rose 12% without news.
June 14, 2023 | 1:17 pm
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NEUTRAL IMPACT
AMD shares sold off as investors took profit ahead of a company event where CEO Lisa Su highlighted new chips, including a chip described as the best CPU for AI.
AMD shares sold off due to profit-taking ahead of the event. However, the announcement of new chips, including one for AI, could generate interest and potentially offset the sell-off in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Nikola shares rose 12% without any news to justify the price action.
NKLA's 12% increase in share price without any news could be due to market speculation or other factors. The short-term impact is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Winnebago Industries will report quarterly results on June 21, potentially impacting the stock price.
WGO's upcoming quarterly results could have a positive, negative, or neutral impact on the stock price, depending on the company's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
FuboTV shares broke above the $2 level, described as 'breaking out of consolidation mode' by a Benzinga Pro user.
FUBO shares breaking above the $2 level could indicate a positive momentum shift, potentially leading to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Constellation Brands' Modelo overtook Budweiser as the top-selling beer in the US during May.
Modelo's strong sales performance in May could boost STZ's revenues and potentially lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100