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Benzinga Pro's Top 5 Stocks To Watch For Wednesday, December 14, 2022: FDX, MRNA, SOFI, DRI, DTC

Author: Benzinga Newsdesk | December 14, 2022 10:04am
  • FedEx (FDX) - A play on the holiday shopping/shipping season. FedEx will report quarterly results next week on Tuesday. Expect results to be published immediately after the closing bell, around 4:01 or 4:02 p.m. EST.

  • Moderna (MRNA) - Shares will likely see profit taking Wednesday following a 20% rally on Tuesday. The company announced favorable results for a Phase 2 trial of its personalized cancer vaccine. Analysts at research shop Chardan downgraded Moderna shares to Neutral Wednesday morning and said, based on Tuesday's rally, share price has caught up with valuation.

  • SoFi Technologies (SOFI) - A play on conviction in the company be its CEO, Anthony Noto. Noto purchased about $5 million in shares over the last few days.

  • Darden Restaurants (DRI) - A play on "an increasingly value-conscious consumer environment." Analysts at Wedbush Wednesday morning at Wedbush Wednesday morning highlighted an expectation for the company's market share to continue increasing amid an uncertain consumer backdrop. Darden is the owner of restaurants including Olive Garden, LongHorn Steakhouse and Bahama Breeze.

  • Solo Brands (DTC) - A potential sympathy play following news earlier this week Weber (WEBR) received a go-private offer. Solo Brands is the producer of the Solo Stove wood-burning fire pit.

Posted In: DRI DTC FDX MRNA SOFI WEBR

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