Swing Trade Idea – May 24, 2022
- Pinterest (PINS) – Shares were down 16% in pre-market action following a Q2 warning out of peer in the social space, Snap (SNAP). The Snap guidance also brought down larger social media players like Facebook (FB) and Twitter (TWTR), which subsequently brought the entire stock market lower.
- Costco (COST) – Will report Q3 earnings after market close on Thursday. Shares have fallen about 15% over the last week as many retailers have been reporting disappoint quarterly results.
- MSP Recovery (MSPR) – A recent special purpose acquisition corporation (SPAC) deal with Lionheart Acquisition Corp. II (LCAP).
- Aethlon Medical (AEMD) – Traders have been circulating this stock as a potential play on monkeypox concerns. While shares of this penny stock have been up nearly 70% over the last couple weeks, the company does not appear to be developing a treatment specific to monkeypox. World Health Organization officials have said the risk of monkeypox to the public is low.
- Solo Brands (DTC) – A play on summer! Solo Brands operates four premium outdoor lifestyle brands: Solo Stove, Oru, ISLE, and Chubbies apparel.