Benzinga | Jul 29, 2020 07:55AM EDT

Benzinga Pro's Top 5 Stocks To Watch For Wed., Jul. 29, 2020: F, KODK, MRNA, RARE, QCOM

Today's 5 Stock Ideas:

* Ford (F) - Shares moved higher in sympathy with General Motors (GM) following earnings out of GM. The company reported a quarterly loss of $0.50/share, better than the $1.77/share loss expected by analysts. Ford will report earnings on Thursday after the market close.

* Eastman Kodak (KODK) - Tuesday's big winner. The stock continued another 60% higher Wednesday morning after President Trump mentioned the US reached a "historic" deal with the company to produce critical pharmaceuticals related to the coronavirus pandemic.

* Moderna (MRNA) - Insider selling by company executives has been making headlines recently; however, it should be noted the selling had been through a pre-planned Rule 10b5-1 trading plan. Investors sometimes consider this pre-planned selling to be less meaningful than open-market selling.

* Ultragenyx Pharmaceutical (RARE) - In play ahead of a Friday FDA date for the company's treatment for long-chain fatty acid oxidation disorders.

* Qualcomm (QCOM) - Will report Q3 earnings after the close Wednesday.