Swing Trade Idea – May 20, 2022
Today’s 5 Stock Ideas:
- NIKE (NKE) – A sympathy play following earnings out of Foot Locker (FL). Foot Locker shares traded higher following mixed quarterly results but guidance that was slightly better than expected. NIKE will report its next quarterly results at the end of June.
- NIO (NIO) – Shares traded higher Friday following the addition of the company’s stock to the Singapore exchange. China’s Hang Seng will also be adding NIO’s stock to its index.
- SIGA Technologies (SIGA) – Viewed as a play on concerns related to monkeypox. In 2021, SIGA reported a collaboration with Oxford University to support expanded access protocol for use of its TPOXX to treat monkeypox.
- Zoom Video Communications (ZM) – Will report quarterly results Monday after market close. Analysts expect earnings of $0.87 per share on sales of $1.07 billion.
- Ross Stores (ROST) – The fourth most-mentioned ticker on Reddit’s WallStreetBets forum.