Benzinga Stock Whisper Index: 5 Stocks Under the Radar Worth Watching (Week of Oct. 25)
Every week, Benzinga’s Stock Whisper Index, a combination of proprietary data and pattern recognition, shines a spotlight on five stocks that are flying under the radar but deserve your attention. Investors are always on the lookout for undervalued, under-followed, and emerging stocks. With an abundance of investment tools available to retail traders, the challenge lies in sifting through the information to uncover new opportunities and understand the potential behind certain stocks.
Here’s a look at the Benzinga Stock Whisper Index for the week of October 25:
SoFi Technologies (SOFI):
This financial services company is expected to report third-quarter revenue of $632.1 million on October 29th. That’s a significant jump from last year’s third quarter, where they reported $530.7 million. SoFi has consistently exceeded analysts’ revenue estimates for 13 consecutive quarters. Earnings per share are projected to be 4 cents for the quarter, a positive shift from a loss of 3 cents per share in the same period last year. SoFi has also met or exceeded earnings per share estimates for over 10 straight quarters.The stock could benefit from President Joe Biden’s extension of the student loan payment pause for six months, affecting eight million borrowers. SoFi’s recent $2 billion loan platform business agreement with Fortress Investment Group also promises to boost the company’s operations. The stock has shown impressive growth, rising over 10% in the last five trading days and 13% year-to-date.
AST SpaceMobile Inc (ASTS):
A familiar face on the Stock Whisper Index, this satellite and telecommunications company continues to trend month after month. AST SpaceMobile recently announced a contract with the Space Development Agency, making them a prime government contractor. This allows them to compete directly for prototype orders for the U.S. government. AST SpaceMobile’s Chief Commercial Officer, Chris Ivory, stated, “This initial contract validates our commitment to developing innovative solutions for national security space needs.” The company’s September launch of its first five commercial satellites, a collaboration with partner AT&T, generated considerable investor interest. While AST SpaceMobile shares have seen a dip this week, they remain significantly up over 400% year-to-date in 2024.QuantumScape Corporation (QS):
The electric vehicle battery company released quarterly financial results and provided an update on its battery technology testing. They reported a third-quarter loss of 23 cents per share, aligning with analyst expectations. However, the company’s announcement that they started producing low volumes of their first B-sample cells (QSE-5), featuring fast-charging capabilities, is likely fueling increased interest and a rise in the stock price. “QSE-5 represents an important milestone for our company and the battery industry as a whole. These cells are, to the best of our knowledge, the first anode-free solid-state lithium-metal cell design ever produced for automotive applications,” the company stated. QuantumScape plans to send samples to customers for feedback. The stock has surged over 20% in the last five trading days and is down around 3% year-to-date in 2024.Agnico Eagle Mines Limited (AEM):
The gold mining stock is one of several in the sector experiencing increased investor attention. Agnico is scheduled to report third-quarter financial results on October 30th. Analysts anticipate earnings per share of $1.02, a considerable increase from 44 cents in last year’s third quarter. The company has surpassed analysts’ earnings per share estimates for three consecutive quarters and eight out of the last ten. Revenue for the quarter is expected to reach $2.11 billion, up from $1.64 billion in last year’s third quarter. Agnico has consistently exceeded revenue expectations for three consecutive quarters and five out of the last six. This surge in gold stocks coincides with the record-high price of gold, driven by macroeconomic uncertainties, Federal Reserve interest rate cuts, and global concerns about rising tension in the Middle East.VICI Properties (VICI):
The real estate investment trust is set to release its third-quarter financial report on October 31st. Analysts anticipate revenue of $952.7 million and earnings per share of 57 cents, exceeding last year’s third quarter figures of $904.3 million and 54 cents, respectively. VICI owns various properties in the gaming and entertainment sectors, including golf courses, and collects rent from the operators.Stay tuned for next week’s report and follow Benzinga Pro for the latest headlines and market-moving stories. Be sure to check out past Stock Whisper Index reports for further insights:
* October 4
* October 11
* October 18