The Blog Single

  • Swing Trade Idea – August 29, 2022

    • Baidu (BIDU) – A sympathy play following strong earnings by Chinese e-commerce platform, Pinduoduo (PDD). Pinduoduo shares traded up about 6% following the news. Baidu, considered “the Google of China,” will report quarterly results on Tuesday before market open.
    • Automatic Data Processing (ADP) – A way to gain exposure to the jobs market. ADP is a provider of payroll and human capital solutions. Investors and traders will receive jobs data this week: on Wednesday at 8:15 a.m. EDT, ADP will issue its payroll figures for the month of August; the US government’s Bureau of Labor Statistics will release non-farm and private-sector jobs data on Friday at 8:30 a.m.
    • CrowdStrike (CRWD) – A cybersecurity software provider. The company will report quarterly results on Tuesday after market close. CrowdStrike has been a long-time favorite among the retail investing crowd.
    • Redwire (RDW) – A component manufacturer for space missions. A top story from Monday: NASA will delay its Artemis I launch due to issues with one of the rocket’s engines. Redwire provides navigation and imaging technology on the Artemis I lunar project.
    • BioCardia (BCDA) – A play on an upcoming clinical trial date. The Data Safety Monitoring Board of one of the US governments pharma branches will review BioCardia’s candidate for a heart failure procedure on Tuesday of this week.
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