Benzinga | May 5, 2021 08:28AM EDT

Benzinga Pro's Top 5 Stocks To Watch For Wednesday, May 5, 2021: ROKU, SPCE, TWLO, GSMG, SKLZ

Today's 5 Stock Ideas

* Roku (ROKU) - Will report Q1 results after market close on Thursday.

* Virgin Galactic (SPCE) - Shares marked a session high at $21.55 on Tuesday following a report pricing for a rocket by peer in the space industry, Jeff Bezo's Blue Origin, would be "well north" of $500,000. Traders viewed this pricing level as a favorable indication for Virgin Galactic.

* Twilio (TWLO) - To publish Q1 earnings on Wednesday after the closing bell. Analysts expect a loss of $0.10/share on sales of about $535 million.

* Glory Star New Media (GSMG) - The stock spiked over the $4 level Tuesday following trader circulation of a previously-released press release from a third-party news service that, in its title, suggested NIO Inc. (NIO) and Baidu (BIDU) could be doing a deal with Glory Star. Despite the title, the article did not substantiate or justify any information indicating Glory Star is working with either of these major China players.

* Skillz (SKLZ) - The stock was down 1% ahead of the open Wednesday amid a Q1 sales beat and raised FY21 guidance from the company. Additionally, the daily alert from ARK Invest's Cathie Wood showed she purchased more than 3 million shares in Skillz ahead of the company's earnings report.