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Benzinga Pro's Top 5 Stocks To Watch For Monday, Oct. 3, 2022: UBS, NIO, LAZR, BOX, WLDS

Benzinga Real-time News ·  Oct 3, 2022 09:08

  • UBS (UBS) - In probably the weekend's biggest news item, Credit Suisse (CS) reportedly sent employees a memo which raised some concerns about the bank's financial health. Credit Suisse shares were down about 4% in pre-market trade Monday; the stocks of other euro banks did not move lower in sympathy with Credit Suisse. As several big banks based in Switzerland, traders will view UBS and Credit Suisse as peers.

  • NIO Inc. (NIO) - A play on the Chinese electric vehicle market. Within the electric vehicle space over the weekend, Tesla (TSLA) reported worse-than-expected third-quarter deliveries of vehicles.

  • Luminar Technologies (LAZR) - A play on the autonomous driving space. Luminar describes itself as an autonomous vehicle sensor and software company. News out of the space over the weekend suggested Intel (INTC) will do an initial public offering (IPO) for its autonomous driving unit, Mobileye.

  • Box (BOX) - A play on a bullish call by a notable sell-side analyst. Morgan Stanley's Josh Baer upgraded shares of Box to the firm's equivalent of a buy rating. The analyst said investors are underappreciating Box's value.

  • Wearable Devices (WLDS) - A company which develops "a non-invasive Neural input interface for controlling digital devices using subtle finger movements." Shares were up 38% Monday morning on no news. The issue is a low-float play with about 8 million shares in its float.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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