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  • Swing Trade Idea – February 08, 2023

    • lululemon athletica (LULU) – “…a compelling entry point [in lululemon], particularly for intermediate- to longer-term [investors],” according to analysts at Oppenheimer Wednesday morning.
    • Lyft (LYFT) – The company will report quarterly results on Thursday after market close. Shares were up about 3% Wednesday morning following better-than-expected Q4 sales out of peer Uber (UBER).
    • Avis Budget Group (CAR) – Will report Q4 results on Monday after market close. The stock rallied on Tuesday amid solid results out of peer Hertz (HTZ).
    • Velodyne Lidar (VLDR) – A play on a potential news catalyst upcoming on Friday: the company will hold its annual shareholder meeting in order to vote on the merger of Ouster (OUST).
    • Lion Group Holding (LGHL) – A play on conversational artificial intelligence. Shares of this penny stock were up 10% Wednesday morning following news from the company it will consider integrating conversational AI into its platform.
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