Swing Trade Idea – July 6, 2022
Today’s 5 Stock Ideas
- NVIDIA (NVDA) – Named as a trade idea by Benzinga maven, Anne-Marie Baiynd. Baiynd said she will play NVIDIA as an iron condor given that the stock is “still landlocked with the market and prior congestion.”
- Uber (UBER) – A play on the delivery space. Amazon (AMZN) announced it took a 2% stake in peer in the delivery space, GrubHub, owned by JustEatTakeaway.com. Shares of DoorDash (DASH) were down about 8% on the news.
- General Mills (GIS) – With the broader stock market down about 21% since the highs set at the beginning of 2022, consumer staples names like General Mills broke to new highs. General Mills shares were up about 12% since the start of the year.
- Inspira Technologies (IINN) – One of Wednesday morning’s biggest winners. Shares of this low-float name were up nearly 90% amid news of a development update related to the company’s blood sensor.
- Aurinia Pharma (AUPH) – The stock closed up about 9% Tuesday following a report from Betaville Aurinia has come under spotlight amid “rekindling of takeover speculation.”