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  • Swing Trade Idea – June 30, 2022

    • NVIDIA (NVDA) – A play on the semiconductor space following a DigiTimes report peer TSM (TSMC) has seen its client scale back orders.
    • Bed Bath & Beyond (BBBY) – Shares were down 3% following concerning quarterly results. An analyst at research shop Loop Capital warned Bed Bath & Beyond’s “days are limited.”
    • RH (RH) – The stock was down about 9% in pre-market trade following a warning from the company of weakening demand.
    • MGM Resorts (MGM) – The target of a large block trade Thursday morning. A block trade of about 807,000 shares was detected by Benzinga Pro’s Signals tool Thursday morning. The trade was about a $24 million trade. Block trade action usually indicates activity by an institutional investor.
    • Amkor Technologies (AMKR) – An analyst at sell-side firm D.A. Davidson initiated coverage on this chip stock with a Buy rating and $30 price target.
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