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  • Swing Trade Idea – May 06, 2022

    • GameStop (GME) – A play on trading of crypto and non-fungible tokens (NFT) via the company’s new Wallet feature. The website https://wallet.gamestop.com/ circulated among traders Thursday. The site was labeled as the beta version of the GameStop Wallet. While the Benzinga newsdesk team could not verify the authenticity of the site, GameStop did file for a trademark on “GameStop Wallet” at the end of March 2022.
    • Peloton (PTON) – Shares were down 3% following a late-Thursday Dow Jones/Wall Street Journal report Peloton is seeking a minority investment. The report said the company is looking to sell about a 15-20% stake.
    • Palantir Technologies (PLTR) – A WallStreetBets favorite. The company will report quarterly results on Monday before market open.
    • Funko (FNKO) – The stock was up 18% following news a consortium group including eBay (EBAY) and former Disney (DIS) CEO Bob Iger will buy a $263 million investment in Funko at $21/share.
    • Bausch + Lomb (BLCO) – An initial public offering (IPO) expected for Friday. Shares priced at $18, below the expected range of $21-$24. The company describes itself as “a leading global eye health business of Bausch Health (BHC).”
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