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Benzinga Pro's Top 5 Stocks To Watch For Tuesday, Sept. 29, 2020: MU, ABT, IHRT, EIGI, FMCI


Benzinga | Sep 29, 2020 08:29AM EDT

Benzinga Pro's Top 5 Stocks To Watch For Tuesday, Sept. 29, 2020: MU, ABT, IHRT, EIGI, FMCI

Today's 5 Stock Ideas:

* Micron Technology (MU) - Will report earnings after market close Tuesday. Analysts expect earnings of $0.99 per share on revenue of $5.9 billion. Look out for details about how much the company's DRAM and NAND chip sales were impacted by recent restrictions on trading with Huawei.

* Abbott Laboratories (ABT) - The company saw some mainstream attention Monday after a live demonstration of its self-administered COVID-19 test during a Trump press conference. Shares closed up 1% on Monday and were up another 2% in pre-market action Tuesday.

* iHeartMedia (IHRT) - A potential play on the beginning of the NFL season and the NBA finals. The stock gained 11% Monday after the launch of the "iHeartSports Network," which will deliver sports reports to more than 500 broadcast stations nationwide.

* Endurance International (EIGI) - The stock closed up about 18% on Monday amid a report the heavily-leveraged web hosting firm restarted previously-halted talks to sell itself.

* Forum Merger II (FMCI) - This special purpose acquisition company (SPAC) set a special meeting of shareholders for Thursday, Oct. 15 at 9 a.m. EDT to vote on the proposed merger with Tattooed Chef. Tattooed Chef is a popular plant-based food and lifestyle brand.







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