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Happy Monday! It’s officially ‘spooky season’ with Halloween around the corner, but executives at major companies aren’t scared of ghosts or skeletons; they’re scared of activists. And it looks like it’s ‘activist season’ on Wall Street, with Starboard becoming the latest activist investor making waves, taking a stake in a beaten-down Pfizer. Here’s what the investment could mean for the stock, plus, three financial stocks that could skyrocket in the next few months.

—Aaron Bry

Plus, check out the growing EV company that counts Walmart and the U.S. Postal Service as customers.

MARKET SNAPSHOT

Last Week: A late-week rally on Thursday and Friday brought us back near our all-time highs after selling off earlier in the week.

On Our Radar: Earnings are still slow, but we will have some important inflation data coming later this week. CPI will be out on Thursday before the open, and then we will get PPI the following day.

TOP STORY

Pfizer Stock Slump: Will Starboard's Billion-Dollar Bet Spark Rebound?

Basically: Pfizer Inc may have been a hero in the COVID-19 vaccine race, but its stock is stuck in the slow lane. Down nearly 14% over the last year, the pharma giant's shares have struggled as demand for its pandemic-related treatments has fizzled out.

So: But things could get interesting—activist investor Starboard Value just acquired a $1 billion stake in the company. Here’s how the investment from Starboard could impact Pfizer’s stock.

PRESENTED BY CANOO

Canoo Counts Walmart, NASA And The U.S. Postal Service As Customers – Here’s Why.

Canoo Inc. (NASDAQ: GOEV), the maker of fully electric mobility vehicles has partnered up with some big names, counting Walmart Inc. (NYSE: WMT), the U.S. Postal Service, the Department of Defense and NASA. 

All of them are tapping Canoo to supply lifestyle delivery vehicles that are environmentally friendly and cheap to maintain. Walmart is using Canoo’s LDVs for last-mile delivery, while the Postal Service wants them to deliver mail. Meanwhile, NASA is transporting astronauts with its vehicles. Then there are its batteries. The U.S. Army and Navy are using Canoo’s proprietary and modular battery system on the battlefield. 

All of these customers are drawn to Canoo because its fully electric vehicles are cheap to maintain with much of the work done remotely. Canoo even backs it up with an eight-year warranty. To learn more about this EV company and the partnerships it's forging click here.

FIVE ZINGERS

House Of Cards?: Is Netflix’s stock getting ready to collapse? Here’s why one analyst is turning bearish on the streaming giant.

Mailbox Money: Dividends are one of the best ways to make money without doing much at all. Here’s how many PepsiCo shares you’d need to rake in $500 a month.

Digging For Profits: Rio Tinto, one of the world’s largest mining companies, is rumored to acquire $ALTM, sending shares of the latter up more than 30%.

Time For The Pullback?: It’s no secret that $NVDA has been the fan-favorite among semiconductor stocks. But, here’s why there might be a demand pullback soon.

Your Chance At $30k Risk-Free: Benzinga's World Championship of Trading is about to take off, and all you have to do is sign up and paper trade for your chance at the prizes.

ONE FOR THE ROAD

Top 3 Financials Stocks That May Jump This Quarter

Basically: The most oversold stocks in the financials sector presents an opportunity to buy into undervalued companies.

So: The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. Here are three oversold financial stocks that could break out soon.

PRESENTED BY DIREXION

Level Up Your Trading with Leveraged ETFs

Level Up Your Trading with Leveraged ETFs is a virtual bootcamp led by analysts from Direxion, one of the largest providers of financial products known for its leveraged ETFs. Join this live bootcamp to deepen your understanding of leveraged and inverse ETFs and learn how to successfully trade them. With expert-led sessions and live case studies, this bootcamp offers an immersive learning experience you don’t want to miss out on. Audience members are encouraged to ask questions in the chat at any time during the 90-minute bootcamp.

Date: Tuesday, October 8, 2024
Time: 11am - 12pm EST

Register now

Leveraged ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and who actively manage their investments.

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