Benzinga | Jun 16, 2021 08:26AM EDT

Benzinga Pro's Top 5 Stocks To Watch For Wednesday, Jun. 16, 2021: DKNG, IDEX, ARVL, CLF, SWBI

Today's 5 Stock Ideas

* DraftKings (DKNG) - ARK Invest's Cathie Wood purchased $42 million in the stock Tuesday as shares fell 4% amid a short seller report from Hindenburg Research.

* Ideanomics (IDEX) - Company CEO, Alf Poor, to appear on Benzinga's Power Hour YouTube show Thursday at 12:30 p.m. EDT.

* Arrival (ARVL) - Shares closed Tuesday up 6% and were up 16% Wednesday morning as traders circulated the stock as a new WallStreetBets pick. A tracker of ticker mentions on WSB (via Swaggy Stocks) showed Arrival was the 17th-most mentioned ticker on the forum.

* Cleveland-Cliffs (CLF) - One of the most discussed stocks in the Benzinga Pro chat Wednesday morning.

* Smith & Wesson (SWBI) - Will report Q4 earnings on Thursday after stock market close.