Stocks Watched By Hedge Fund Managers - Daily Stocks To Watch May 18, 2022

Benzinga Daily Stocks To Watch

May 18 2022 • 15 mins


Straight from Benzinga newsdesk, hosts Brent Slava and Steve Krause bring you the market news and stocks to watch.

On Fridays Benzinga's resident Options Expert Ryan Faloona joins us to spice things up.

Today Steve and Brent focus on:

  • TGT - a trend forming: TGT WMT LOW lower after earnings (HD and TJX the exceptions). other retailers left to report this week: BBWI KSS PLCE FL. next week: BBY AZO ANF DKS COST M BIG
  • NCMI - other theatre stocks CNK MCS
  • SPNT - "provides property and casualty reinsurance coverage to insurance and reinsurance companies in the United States, Bermuda, the United Kingdom, and Europe."


Benzinga Pro's Top 5 Stocks To Watch For Wednesday, May 18, 2022: TGT, NCMI, GNUS, DWAC, SPNT

BZ WireToday's 5 Stock Ideas:

  • Target (TGT) - Shares were down 25% following mixed Q1 results. Target management noted the company's 5.3% operating margin "was well below expectations." The stock was the third most-mentioned ticker on Reddit's WallStreetBets Wednesday morning, according to SwaggyStocks.
  • National CineMedia (NCMI) - The stock was up 20% following Tuesday evening news AMC Entertainment (AMC) took a 6.8% stake in the theatre chain.
  • Genius Brands (GNUS) - Shares were up about 40% to near the $1 level following news of a 20-year deal with Disney's (DIS) Marvel Studios for use of the name and likeness of famed comic book writer and Spider-Man co creator, Stan Lee.
  • Digital World Acquisition Corp. (DWAC) - The stock saw a spike in volume and volatility Tuesday following trader circulation of word social media platform, Truth Social, operated by Digital World's special purpose acquisition corporation (SPAC) merger partner, Trump Media Group, was now available on Android devices. While Truth's official website still showed the Android download as "coming soon," Digital World recently filed a proxy statement with the expectation that Truth Social will be available on Android sometime in Q2 of this year.
  • SiriusPoint (SPNT) - Notable investor from Third Point, Dan Loeb, was named to the company's Board Tuesday afternoon. Shortly after this news, Loeb filed a 13D filing with the SEC which showed the money manager had a 9.35% active stake in SiriusPoint.


Hosts:

Steve Krause Reach out to Steve at stevekrause@benzinga.com

Sr. Reporter Benzinga Newsdesk

Brent Slava Reach out to Brent at brent@benzinga.com

Sr. Reporter, Head of Benzinga Newsdesk

Ryan Faloona Reach out to Ryan at ryanfaloona@benzinga.com

Director of Customer Success

pro.benzinga.com

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