Swing Trade Idea – June 22, 2022
Today’s 5 Stock Ideas:
- Disney (DIS) – ARK Invest’s Cathie Wood sold nearly all of her position in Disney this week, about $7 million worth.
- Thor Industries (THO) – A peer play following earnings out of another recreational vehicle (RV) company, Winnebago (WGO). Winnebago shares traded up about 1% in pre-market action following better-than-expected Q3 results.
- Camber Energy (CEI) – A sympathy play in the low market cap, low float energy space. Trading peer in the group, US Well Services (USWS), announced it will be acquired at about $1.21 per share.
- Ferguson (FERG) – A rumor play from late last week. Deal speculation alert service, Betaville, suggested Ferguson could do a spin off. Shares rallied over the $110 level on the report and remained above that level until this morning. The stock traded around the $107 in pre-market action Wednesday.
- VBI Vaccines (VBIV) – The stock was up 14% following FDA orphan drug designation for its glioblastoma treatment candidate.