Swing Trade Idea – June 16, 2022
Twitter (TWTR) – Elon Musk will attend a Twitter town hall meeting Thursday. Wedbush analyst Dan Ives was favorable on the fact Musk wants to be involved in the town hall meeting. Ives also suggested several topics that could be discussed at the meeting.
The Travelers Companies (TRV) – A play on insurance. Insurers historically perform better in rising interest rate environments as their products are tied directly to the Fed’s overnight interest rate.
Cenntro Electric Group (CENN) – A play on lithium-ion battery recycling. On Tuesday, the company announced a partnership with Princeton NuStar Energy for battery recycling.
RCI Hospitality (RICK) – A play on adult entertainment and dining. Company CEO, Eric Langan, on Wednesday spoke with Benzinga reporter AJ Fabino to go over business prospects for the company. Langan and Fabino discussed a favorite club of rapper Drake, owned by RCI.
Lennar (LEN) – A play on homebuilding. The company will report quarterly results on Tuesday of next week.