Benzinga | Jan 7, 2022 01:04PM EST

Benzinga Pro's Top 5 Stocks To Watch For Friday, Jan. 7, 2022: GME, HOOD, DWAC, HGSH, UONE

Today's 5 Stock Ideas:

* GameStop (GME) - Shares were up nearly 20% Friday morning following a report from Dow Jones Thursday the company will launch a business unit dedicated to non-fungible tokens and cryptocurrency.

* Robinhood (HOOD) - A pick by trader, Benzinga friend and CNBC contributor Josh Brown. Brown said Thursday he bought the stock but prefaced "I'm not going to be in this one long so I don't want anybody to follow me into it."

* Digital World Acquisition Corp. (DWAC) - After closing up 20% on Thursday, shares were up another 10% Friday. A Thursday afternoon Reuters report suggested Digital World special purpose acquisition corporation (SPAC) merger partner, Trump Media Group, could launch its social media app in February.

* China HGS Real Estate (HGSH) - A play on real estate in China. Shares of this low-float issue were up about 30% ahead of the open Friday. Traders may be viewing this stock as a play on a Friday deal by Papa John's (PZZA) to expand its presence in China by 1,350 stores. The Papa John's press release did not specifically mention a real estate company it would be working with for the expansion.

* Urban One (UONE) - Shares saw interest Friday morning following a Thursday report by a local Richmond, Virginia reporter a draft will be resubmitted Monday related to a casino operated by the company.