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Benzinga Pro's Top 5 Stocks To Watch For Wednesday, Oct. 5, 2022: TSLA, JPM, PAYX, DAL, PEGY

Benzinga Real-time News ·  Oct 5, 2022 09:04
  • Tesla (TSLA) - Twitter (TWTR) shares closed up about 22% on Tuesday following reports Elon Musk would move forward with the originally-planned $44 billion deal for Twitter. Tesla could see consequences from Elon Musk potentially needing to focus on Twitter; as noted by one sell-side analyst, "We suspect [Musk] will need to call upon all of his skills and talents to successfully turn Twitter around."

  • JP Morgan (JPM) - The big bank will report quarterly results on Friday of next week.

  • Paychex (PAYX) - A play on the jobs market. Paychex is a provider of payroll and human capital solutions. Data out of Advanced Data Processing (ADP) showed better-than-expected jobs data for September. Investors will receive more jobs-market data from the US's Bureau of Labor Statistics at 8:30 a.m. EDT on Friday.

  • Delta Airlines (DAL) - A play on upcoming earnings. The company will report quarterly results on Thursday of next week.

  • Pineapple Energy (PEGY) - Shares of this low-float penny stock closed up about 80% on Tuesday and continued another 50% higher Wednesday morning. A provider of solar and back-up power for consumers, the Benzinga Pro newsdesk team did not see news to justify the sharp move higher. The issue is in low-float territory with about 5.5 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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