Swing Trade Ideas – July 22, 2022
Today’s 5 stock ideas:
- Akamai (AKAM) – Shares closed up nearly 5% Thursday following a late-morning report a private-equity firm could be looking to takeover Akamai. Later in Thursday’s session, traders circulated word a Cowen analyst suggested a potential takeover price for Akamai could be around $130 per share.
- GameStop (GME) – Heads up! GameStop shares were the target of a 4-for-1 stock split Friday. The stock price was adjusted down from about $150 to around $37.50.
- Palantir Technologies (PLTR) – A long-time favorite by the retail investing crowd on Reddit’s WallStreetBets. As of Thursday, Palantir was the third most-mentioned stock on WallStreetBets.
- Pinterest (PINS) – A play on downside pressure in the social media space Friday. Pinterest shares were down about 8% Friday morning following concerning quarterly results out of Twitter (TWTR) and Snap (SNAP).
- ZIM Integrated Shipping Services (ZIM) – CNBC’s Jim Cramer warned viewers of his “Mad Money” show Thursday evening shares of ZIM “could be cut in half.”