Swing Trade Idea – July 13, 2022
Today’s 5 Stock Ideas
- Netflix (NFLX) – Will report quarterly results on Tuesday of next week. Investors should expect the earnings report to be released immediately after the stock market close, between 4:00 and 4:01 p.m. EDT.
- Qualcomm (QCOM) – A stock that should be protected against inflation, according to CNBC contributor Jim Lebenthal. On Tuesday’s episode of “Fast Money: Halftime Report,” Lebenthal highlighted the stock’s 2+% dividend yield and low price-to-earnings growth multiple. Lebenthal also added Qualcomm “should be safe no matter what CPI does.”
- Frontier Group (ULCC) – The parent company of Frontier Air. Proposed merger partner with Frontier, Spirit Air (SAVE), on Wednesday announced it will adjourn its shareholder meeting being held to consider a deal with Frontier. The adjournment delays the shareholder vote to allow more time for Spirit management to continue discussions with Frontier and the second bidder in the deal, JetBlue (JBLU).
- Regional Health Properties (RHE) – Tuesday’s momentum du jour play. This low-float issue saw notable investor interest on social media Tuesday and Wednesday morning. The Benzinga Pro newsdesk team did not see news to justify the price action. Traders on social media highlighted notable technical levels in the name.
- Arcimoto (FUV) – A potential sympathy play following news in the electric vehicle last-mile delivery space. Shares of peer in the group, Canoo (GOEV), closed up more than 50% on Tuesday amid news of a deal with Walmart (WMT).