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  • Swing Trade Idea – July 19, 2022

    • Netflix (NFLX) – Will report quarterly results after market close Tuesday. As highlighted by a Benzinga article, market commentator and options expert Mike Khouw, on CNBC Monday, noted unusual activity in Netflix’s $100 and $150 put contracts. Khouw pointed out put activity outweighed call activity by more than 2 to 1.
    • Conoco Phillips (COP) – Shares were upgraded to a Buy rating by a Bank Of America analyst. A $134 price target was set by the analyst — a price level that suggests more than 55% potential upside in the stock.
    • Skechers USA (SKX) – The target of a short report by bearish research shop Spruce Point Capital. Spruce Point said Skechers’ China business has begun to slow and expects the company to experience “another episode of excess inventory.”
    • AST SpaceMobile (ASTS) – Following a recent delay in the launch timeline for the company’s BlueWalker 3 communications array satellite, AST CEO tweeted an image of the satellite with the caption “Getting BlueWalker 3 ready to leave Midland!.” The new launch window is expected in early to mid September.
    • United Maritime (USEA) – A continued favorite low-float stock to target by investors. Shares were up about 20% in the pre-market session Tuesday; the stock closed Monday’s session down nearly 60%.
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