Benzinga | Jul 23, 2020 08:26AM EDT

Benzinga Pro's Top 5 Stocks To Watch For Thurs., Jul. 23, 2020: AMD, NKLA, MIST, ANNX, INOV

Today's 5 Stock Ideas:

* Advanced Micro Devices (AMD) - A sympathy play amid upcoming earnings out of Intel (INTC) after the close Thursday. Expect shares of AMD to be volatile following the Intel report.

* Nikola (NKLA) - Shares traded higher in Thursday's pre-market session, likely in sympathy with Tesla (TSLA) following its better-than-expected Q2 results. Nikola announced a 53.39 million share common stock offering Thursday morning.

* Milestone Pharma (MIST) - The stock was up about 70% in pre-market trade following updates for two of its drug candidates and news of a $25 million private placement.

* Annexon (ANNX) - An upcoming IPO expected to open for trade on Friday. The company sees the price between $15 and $16 per share.

* Inovalon (INOV) - Reported a long-term engagement with Walmart's (WMT) Specialty Pharmacy unit for the company's ONE platform.