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  • Swing Trade Idea – December 19, 2022

    • Tesla (TSLA) – Elon Musk tweeted Sunday afternoon to ask Twitter users if he should resign as head of Twitter. Musk said he would abide by the results of the poll. As of Monday morning, almost 58% of respondents said Musk should indeed resign.
    • NVIDIA (NVDA) – Analysts at research shop Needham named NVIDIA their top pick in the chip space for 2023. Needham highlighted a belief NVIDIA will capitalize on the transition to artificial intelligence (AI) work loads.
    • AMC Entertainment (AMC) – Shares were down 1% Monday morning following an update from the company about a recent preferred equity units offering. AMC said it raised about $150 million via the units over its fourth quarter.
    • Home Depot (HD) – Retail analyst Seth Basham of Wedbush will interview on Benzinga’s “Stock Market Movers” YouTube show at 1:45 p.m. EST on Thursday of this week. Basham covers Home Depot, Lowe’s (LOW)Advance Auto Parts (AAP)RH (RH) and about 20 other retail companies.
    • bluebid bio (BLUE) – A play on favorable news in the biotech space. bluebird announced Monday morning the FDA lifted a clinical hold on studies for its sickle cell disease candidate. An analyst at research shop SVB Securities commented on bluebird following the news and noted the lifting of the clinical hold was expected and bluebird has balance sheet concerns.
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