Benzinga | Aug 6, 2020 08:27AM EDT

Benzinga Pro's Top 5 Stocks To Watch For Thurs., Aug. 6, 2020: AMZN, CCL, FSLY, UBER, CHGG

Today's 5 Stock Ideas:

* Amazon.com (AMZN) - Headlines across Wall Street will highlight a large sale of company shares by CEO Jeff Bezos. However, be careful about reading to much into these headlines: the sale of about 1 million shares by Bezos was related to a 10b5-1 trading plan, a pre-arranged plan that allows insiders to sale shares for compensation during a set time frame. These plans are often made years in advance of the sale period and do not necessarily reflect an indication of the company's operations.

* Carnival (CCL) - The stock was down 6% in pre-market trade following news of a common stock and notes offering by the company. The common stock portion of the offering was priced at $14.02/share.

* Fastly (FSLY) - Shares were down 18% Thursday morning despite better-than-expected Q2 results and raised guidance from the company on Wednesday evening.

* Uber (UBER) - Will report quarterly results after the close Thursday.

* Chegg (CHGG) - Company CFO, Andy Brown, will appear on Benzinga's PreMarket Prep morning trading show at 9 a.m. EDT Thursday. Tune in on Benzinga's YouTube channel or at https://www.benzinga.com/premarket/.