Swing Trade Idea – June 6, 2022
Today’s 5 Stock Ideas:
- Starbucks (SBUX) – The stock was up 2% Monday morning following news the company’s Board is considering external candidates to fill the CEO role.
- Alibaba (BABA) – Shares of many US-traded China-based stocks were higher Monday morning following news Chinese regulators were set to clear their investigation of DiDi Global’s (DIDI) cybersecurity. A Wall Street Journal report suggested Chinese officials will lift a ban on DiDi Global new users amid the conclusion of probes.
- Sunrun (RUN) – Solar stocks traded higher following news US President Biden will allow imports of solar panels from Thailand, Malaysia, Cambodia and Vietnam without risk of tariffs for 24 months.
- Novavax (NVAX) – A play on an upcoming FDA date. An FDA panel will meet on Tuesday, Jun. 7 to discuss the company’s Emergency Use Authorization request for its COVID-19 vaccine.
- Limoneira (LMNR) – A play on citrus fruit and avocados. The company describes itself as an agribusiness company with segments including Fresh Lemons, Lemon Packing, Avocados and Other Agribusiness. The company will report quarterly results on Tuesday after market close.