Benzinga | May 12, 2021 08:40AM EDT

Benzinga Pro's Top 5 Stocks To Watch For Wednesday, May 12, 2021: PLTR, STZ, LOTZ, APP, SQNS

Today's 5 Stock Ideas

* Palantir Technologies (PLTR) - The most searched ticker on Benzinga Pro Wednesday morning. Shares were up 9% on Tuesday following Q1 results. The stock continued higher Wednesday, up another 3%.

* Constellation Brands (STZ) - A sympathy play following guidance from peer in the spirits space Diageo (DEO) and news the Diageo Board recommended returning it's shareholder payout plan. In addition, a headline from Tuesday afternoon suggested Democratic Senators asked President Joe Biden to end tariffs for wine.

* CarLotz (LOTZ) - Company CEO, Michael Bor, will appear on Benzinga's "SPACs Attack" YouTube show around 11:15 a.m. EDT Wednesday.

* AppLovin (APP) - Will report its first quarterly results as a publicly-traded company after market close Wednesday. Shares IPO'd on Apr. 15, 2021 and traded down about 25% since the high set on the first day of trade.

* Sequans Communications (SQNS) - A play on temperature control for protecting COVID-19 vaccines. The company on Wednesday announced a partnership with AmericanPharma Technologies to allow for frequent temperature tracking of COVID-19 vaccine doses during shipment.