Swing Trade Idea – May 13, 2022
Today’s 5 Stock Ideas:
- Twitter (TWTR) – Shares fell as much as 27% in pre-market action following a tweet from Elon Musk that said his deal for Twitter was “temporarily on hold.” A couple hours later, Musk tweeted again and said he was still committed to the deal. While Twitter shares rebounded to over the $40 level following the second tweet, the stock was still down about 12% ahead of the open.
- OTR Acquisition Corp. (OTRA) – A special purpose acquisition corporation (SPAC) redemption play for Friday and likely next week. A tweet highlighted “shareholders approved Comera Life Sciences deal, 10.3 million shares (98.4%) redeemed, leaving only 168k shares remaining.” Benzinga writer and SPAC expert, Chris Katje, said the approved vote led to “one of the biggest redemptions ever.”
- American Eagle Outfitters (AEO) – A retailer with a decent dividend yield. The company’s current $0.18/share quarter dividend yields about 3.5%.
- Easterly Government Properties (DEA) – A play on a property owner for US government buildings (such as the Federal Bureau of Investigation, Drug Enforcement Agency and Central Intelligence Agency). CNBC “Fast Money: Halftime Report” contributor and Gilman Hill manager Jenny Harrington on Thursday highlighted this stock as a play on a higher interest rate market.
- AIkido Pharma (AIKI) – On Thursday, the company announced it secured an interest in data and AI company, Databricks.