MNMD, BTBD, DWAC, UL, PTON, MSTR, KSS: Trending Stocks Today 24 Jan

By Kirsteen Mackay


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Read on for the latest trending stocks today. The Nasdaq 100 fell more than 1% in every session last week. Will it bounce back?

Trending Stocks 24 Jan 2022

S&P futures are down 1.1%, near their worst levels in Monday morning trading, indicating we can expect more of the same growth stock selloff. But some believe we are nearing a market bottom.

Global inflation worries continue to weigh on markets.

Oil down. Gold up. Bitcoin lower.

13,768.92 (-2.72%) 4,397.94 (-1.89%) 3,470.56 (-5.90%)

Here are some trending stocks:

  • Shroom stock Mind Medicine (MindMed) (NASDAQ: MNMD) dropped below a dollar last week and is down 38.5% year-to-date. It was up 10% in after-hours trading but has fallen 2.5% pre-market.

  • BT Brands, Inc. (NASDAQ: BTBD) is surging over 80% in pre-market trading. The company runs fast food restaurant chain Burger Time.

  • Digital World Acquisition Corp (NASDAQ: DWAC), the stock poised to take Donald Trump’s media group Truth Social public, is also trending. DWAC stock is up 41% year-to-date as speculative investors anticipate a target launch date on February 21.

  • Shareholders are closely watching Peloton (NASDAQ: PTON) and Netflix (NASDAQ: NFLX) for a share price bounce after crashing spectacularly last week.

  • Activist investor Blackwells Capital reportedly plans to push for Peloton (NASDAQ: PTON) to fire its CEO and consider a sale.

  • Activist hedge fund Trian Partners has built a stake in Unilever (NYSE: UL), which recently faced backlash over potential acquisition of GlaxoSmithKline’s (NYSE: GSK) consumer health business.

  • MicroStrategy (NASDAQ: MSTR) is under pressure after the SEC ruled it can't exclude big swings in Bitcoin from its unofficial accounting measures it highlights to investors. MSTR stock is down 32% year-to-date and another 12% in pre-market trading.

  • Halliburton (NYSE: HAL) stock slipped despite positive earnings beat and dividend increase.

  • Benefitfocus Inc (NASDAQ: BNFT) has been trending due to heightened sentiment on social media. But there could be confusion between the crypto ticker $BNFT which stands for Binance NFT, which is listing on PancakeSwap.

  • Kohl’s (NYSE: KSS) has reportedly received a $64 per share cash offer from group backed by activist hedge fund Starboard Value. This offer values the retailer at around $9bn. Sycamore Partners has also reportedly reached out to Kohl’s about a potential takeover. KSS stock is up over 31% in pre-market trading.

  • Natural Gas company Exterran Corp (NYSE: EXT) is up over 61% pre-market. 

  • Tesla (NASDAQ: TSLA), Palantir (NYSE: PLTR) and Shopify (NYSE: SHOP) stock are all down over 5% in pre-market trading.

  • Coinbase (NASDAQ: COIN) stock is down 10% in pre-market trading.

  • Alibaba Group Holding Ltd (NYSE: BABA) is down nearly 4% pre-market. 

  • VUG stock is trending. Vanguard Growth Index Fund (NYSEARCA: VUG) is down 13.4% year-to-date.

If you enjoyed reading this overview of what to expect in the financial market today, why not read our in-depth reports on ESG investing and Healthcare investing. Or check out our 12 investing themes for 2022.


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Author: Kirsteen Mackay

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Kirsteen Mackay does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.

Kirsteen Mackay has not been paid to produce this piece by the company or companies mentioned above.

Digitonic Ltd, the owner of, does not hold a position or positions in the stock(s) and/or financial instrument(s) mentioned in the above article.

Digitonic Ltd, the owner of, has not been paid for the production of this piece by the company or companies mentioned above.

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