Swing Trade Idea – May 11, 2022
Today’s 5 Stock Ideas:
- Beyond Meat (BYND) – Will report Q1 results after market close Wednesday.
- Marathon Digital (MARA) – A way to play declining prices in bitcoin and other cryptos. Marathon Digital is focused on mining of digital assets. Bitcoin futures fell below an important level at $30,000 Wednesday morning following a hotter-than-expected consumer price index (CPI) inflation reading.
- Chicken Soup For The Soul Entertainment (CSSE) – Shares were up 13% Wednesday morning following news the company will acquire Redbox (RDBX).
- Indonesia Energy (INDO) – A low-float momentum play in the oil sector. The company announced an oil discovery Wednesday morning.
- Vera Bradley (VRA) – A play on designer handbags, travel items and accessories. The company announced a crossover collection with outdoor brand Coleman Wednesday.