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  • Swing Trade Idea – January 09, 2023

    • Goldman Sachs (GS) – A Bloomberg report indicated that the company planned to cut about 3,200 jobs this week, with “more than a third of those will likely be from within its core trading and banking units”. The company’s share price was relatively flat Monday pre-market.
    • Stellantis (STLA) – The automotive giant saw a slow but steady upward trend last week, gaining about 5%, but is up almost 30% in the past 3 months after almost hitting a 52 week low in October.
    • Tilray (TLRY) – The company released its Q2 earnings on Monday pre-market – at time of writing, during ongoing call, revenue and EPS were both below expected estimates.
    • Mattel (MAT) – Years after losing its licensing contract with The Walt Disney Company to rival Hasbro, the toy company is back releasing a line of Disney Princess and Frozen dolls and playsets after regaining the license in 2022.
    • CureVac (CVAC) – A momentum play on news the company reported that it had positive interim Phase 1 data for its mRNA-based COVID-19 and flu vaccine candidates that it was co-developing with pharmaceutical giant GlaxoSmithKline. Shares were up about 25% pre-market Monday, clocking about a 64% gain on the week.
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