Benzinga | Dec 16, 2020 08:32AM EST

Benzinga Pro's Top 5 Stocks To Watch For Wednesday, Dec. 16, 2020: APHA, F, VLDR, TDOC, PAE

Today's 5 Stock Ideas:

* Aphria (APHA) - Shares were up 6% in pre-market trade following news of a merger deal between the company and Tilray (TLRY). Tilray shares were up nearly 30% on the merger.

* Ford (F) - Discussed as a long-term position idea by "Hot Stocks Luke" on Benzinga's mid-day Zinger Nation show. Luke said he likes Ford as a play on electric vehicles.

* Velodyne Lidar (VLDR) - The stock fell Tuesday afternoon following a report Intel's (INTC) Mobileye unit would be building in-house LIDAR instead of using peer in the LIDAR space, Luminar Technologies (LAZR). Velodyne Lidar shares bounced back Wednesday morning, up about 4%.

* Teladoc (TDOC) - ARK Invest manager, Cathie Wood, was buying shares of Teladoc Wednesday. Teladoc has been considered a play on telehealth and remote doctor appointments.

* PAE (PAE) - A play on COVID-19 testing services for college sports. The company Wednesday announced a contract with American college athletic conference, the SEC, to provide testing services for winter and spring college sports.