Benzinga Pro's Top 5 Stocks to Watch For Friday, May 13, 2022: TWTR, OTRA, AEO, DEA, AIKI

Author: Benzinga Newsdesk | May 13, 2022 08:42am

Today's 5 Stock Ideas:

• Twitter (TWTR) - Shares fell as much as 27% in pre-market action following a tweet from Elon Musk that said his deal for Twitter was "temporarily on hold." A couple hours later, Musk tweeted again and said he was still committed to the deal. While Twitter shares rebounded to over the $40 level following the second tweet, the stock was still down about 12% ahead of the open.

• OTR Acquisition Corp. (OTRA) - A special purpose acquisition corporation (SPAC) redemption play for Friday and likely next week. A tweet highlighted "shareholders approved Comera Life Sciences deal, 10.3 million shares (98.4%) redeemed, leaving only 168k shares remaining." Benzinga writer and SPAC expert, Chris Katje, said the approved vote led to "one of the biggest redemptions ever."

• American Eagle Outfitters (AEO) - A retailer with a decent dividend yield. The company's current $0.18/share quarter dividend yields about 3.5%.

• Easterly Government Properties (DEA) - A play on a property owner for US government buildings (such as the Federal Bureau of Investigation, Drug Enforcement Agency and Central Intelligence Agency). CNBC "Fast Money: Halftime Report" contributor and Gilman Hill manager Jenny Harrington on Thursday highlighted this stock as a play on a higher interest rate market.

• AIkido Pharma (AIKI) - On Thursday, the company announced it secured an interest in data and AI company, Databricks.

 

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Posted In: AEO AIKI DEA OTRA TWTR