Benzinga | Jan 7, 2021 08:36AM EST

Benzinga Pro's Top 5 Stocks To Watch For Thursday, Jan. 7, 2021: TSLA, JD, SOS, CBAT, MAGS

Today's 5 Stock Ideas:

* Tesla (TSLA) - Shares ran into resistance Thursday morning at the $780 level. The stock was up about 2% in pre-market action. Tesla shares have been up 8% so far in 2021.

* JD.com (JD) - The stock fell 7% on Wednesday following a report the NYSE could extend its ban on trading in three large Chinese telecom names to include Alibaba (BABA) and Tencent (TCEHY).

* SOS (SOS) - A crypto play. In an effort to apply blockchain usage to insurance coverage, the company hired crypto mining expert, Eric Yan, to its team.

* CBAK Energy (CBAT) - A play on lithium iron phosphate batteries. Shares responded on Wednesday following a report NIO (NIO) will be launching an entry-level vehicle with lithium iron phosphate batteries.

* Magal Security Systems (MAGS) - Shares closed up 8% Wednesday amid the unrest in Washington DC. The company is a provider of perimeter intrusion detection technology and physical barriers for use in law enforcement.