Swing Trade Idea – May 12, 2022
Today’s 5 Stock Ideas:
- Petrobras (PBR) – Brazil’s state-run oil company. The company’s stock currently has one of the highest dividend yields. Last quarter, the company paid about a $1.20/share dividend for a stock that trades around $14.
- Draganfly (DPRO) – A play on drones. This Canadian company describes itself as “engaged in the provision of engineering services and the manufacture of commercial unmanned vehicle systems and software.”
- Direxion Technology Bear 3X Shares (TECS) – An exchange-traded fund (ETF) play on continued downside in tech stocks. This ETF is known as a leveraged ETF, meaning exposure to the space is tripled. More reward but more risk.
- Enviva (EVA) – A play on a recent insider buy. Company director John Bumgarner purchased nearly $1 million in Enviva stock earlier this week. Enviva is a producer of sustainable wood pellets used in the energy sector.
- Latham Group (SWIM) – A play on summer in North America. The company is “a designer, manufacturer, and marketer of in-ground residential swimming pools.”