Benzinga's Stock Whisper Index: Lucid Group, Jersey Mike's Subs, and Other Under-the-Radar Stocks Gaining Attention
Every week, Benzinga's Stock Whisper Index reveals five under-the-radar stocks that are gaining attention. For the week ending August 7, the index spotlighted Lucid Group (NASDAQ:LCID), Jersey Mike's Subs (NYSE:JMKE), Rigetti Computing (NASDAQ:RGTI), Serve Robotics (NASDAQ:SERV), and Joby Aviation (NYSE:JOBY).
Lucid Group is an electric vehicle company that has seen increased interest due to two major news items. Prince Al Waleed bin Talal Al Saud disclosed a 19,513,000 shares passive stake in the company, adding to its already well-financed backing by Saudi Arabia's Public Investment Fund. The company reported second-quarter financial results, with revenue up 56% year-over-year but falling short of analyst estimates.
Jersey Mike's Subs is a new public company that went public on July 30 with shares priced at $23. After trading at around $21 on its opening day, the stock now trades near its IPO price. Investors looking for long-term opportunities may consider the company's ambitious plans to expand to 5,000 or more U.S. stores and 15,000 global locations.
Rigetti Computing, a quantum computing stock, has fallen out of favor but gained attention due to quarterly financial results and positive commentary on the sector by IBM's CEO. The company reported mixed earnings with earnings per share in-line with analyst estimates and revenue narrowly missing Street targets.
Serve Robotics saw its shares fall after reporting second-quarter results that missed estimates and cutting its guidance. Despite this, the company remains focused on partnerships and new monetization opportunities. Joby Aviation's stock was volatile during the week due to multiple news pieces, including a multi-year agreement with Virgin Atlantic for its official U.K. airline partner.