Swing Trade Idea – March 28, 2022
- AMC Entertainment (AMC) – A play on further investment in meme stocks. A Monday morning article from Reuters highlighted commentary from AMC CEO Adam Aron “I’d like to think there will be more third-party external M&A announcements going forward where AMC can reach for the stars and intriguing investments that have potentially attractive returns.” Shares of AMC’s recent investment, Hycroft Mining (HYMC), traded up more than 30% Monday morning on the comment.
- lululmeon (LULU) – Will report Q4 earnings Tuesday after market close.
- DatChat (DATS) – A play on the metaverse. DatChat shares traded up more than 30% Monday morning following news from the company it will launch a metaverse advertising and non-fungible token monetization platform.
- Akebia Therapeutics (AKBA) – A play on an upcoming FDA date. An FDA panel will rule on Tuesday on the company’s treatment candidate for anemia related to chronic kidney disease.
- Creatd (CRTD) – A play on non-fungible tokens. The company launched the beta version of its NFT gallery Friday, named “OG Gallery.”