Benzinga | Dec 22, 2020 08:30AM EST

Benzinga Pro's Top 5 Stocks To Watch For Tuesday, Dec. 22, 2020: PTON, NBAC, FUBO, RIDE, AMTX

Today's 5 Stock Ideas:

* Peloton (PTON) - Shares were up 11% ahead of the open following Monday evening news the company will purchase Precor for about $420 million. A KeyBanc analyst Tuesday morning called the deal "highly synergistic" and "supportive of long-term growth."

* Newborn Acquisition Corp. (NBAC) - An electric vehicle play. This special purpose acquisition corp (SPAC) is expected to merge with Nuvve, a maker of a bidirectional electric vehicle charging system for vehicle-to-grid applications.

* fuboTV (FUBO) - Needham analyst, Laura Martin, raised her price target on fuboTV shares from $30 to $60. The analyst cited six catalysts: "a) taking share from competitors; b) its Hisense partnership lowers SAC; c) upside from sports betting; d) OTT multiple expansion; e) short covering; and, f) CTV upside."

* Lordstown Motors (RIDE) - The company late Monday reported it received 80,000 non-binding reservations for its Endurance truck.

* Aemetis (AMTX) - The stock was up nearly 60% Tuesday morning following news the company purchased a 20% stake in zero-emission heavy duty truck producer, Nevo Motors. Note: Aemetis will likely be viewed as a "low-float" play, with about 17 million shares in its float.