Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
Portfolio Pulse from Chris Katje
Benzinga's 'Stock Whisper' Index for the week of May 24 highlights five stocks: Lam Research Corporation (LRCX), Marathon Petroleum Corporation (MPC), TransDigm Group (TDG), Costco Wholesale Corporation (COST), and Palantir Technologies (PLTR). These stocks are gaining attention due to various factors such as strong earnings, acquisitions, and potential S&P 500 inclusion.
May 24, 2024 | 8:20 pm
News sentiment analysis
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POSITIVE IMPACT
Costco is seeing increased interest ahead of its Q3 financial results, with strong foot traffic data and potential market share gains from Target.
Positive foot traffic data and potential market share gains suggest a favorable outlook for Costco's upcoming financial results, likely boosting the stock price.
CONFIDENCE 88
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Lam Research Corporation saw a boost due to strong first-quarter results from Nvidia, a $10 billion share buyback, and a 10-for-1 stock split. The company plans to return 75% to 100% of free cash flow to shareholders.
The combination of strong sector performance, a significant share buyback, and a stock split is likely to drive short-term price appreciation for LRCX.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Palantir Technologies saw increased interest due to speculation about its inclusion in the S&P 500 and significant investments from large investors.
Speculation about S&P 500 inclusion and significant investments from large investors are likely to drive short-term price appreciation for PLTR.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
TransDigm Group saw increased interest after finalizing the acquisition of SEI Industries and reporting strong Q2 revenue. The company also raised its full-year guidance.
The acquisition and strong financial performance, along with raised guidance, are likely to positively impact TDG's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Marathon Petroleum Corporation traded higher by 1% after a decline due to a CEO change and lower quarterly earnings. Shares are up 61% over the last year.
The recent CEO change and lower earnings have created mixed sentiment, leading to a neutral short-term impact on MPC's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80