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  • Swing Trade Idea – February 1, 2023

    • QUALCOMM (QCOM) – Will report quarterly results on Thursday after market close. Analysts expect earnings of $2.27 per share on sales of about $9.5 billion.
    • Spotify (SPOT) – Shares closed up nearly 13% on Tuesday following quarterly results. An analyst at Morgan Stanley described the news: “better than expected 4Q results combined with a clear pivot towards demonstrating operating leverage keep us bullish on SPOT shares from here.”
    • Bristol-Myers Squibb (BMY) – A play on a peer in the big drug space following better-than-expected quarterly results out of Pfizer (PFE) earlier this week. Bristol-Myers will report its quarterly results on Thursday morning.
    • Peloton Interactive (PTON) – The stock was up 5% Wednesday morning following Peloton’s quarterly results. Analysts at Needham called Peloton’s results “mixed but should be good enough.”
    • Versus Systems (VS) – Wednesday morning’s biggest winner. Shares of this low-float name were up more than 400%. Versus Systems announced a partnership with a company called Resolve to bring its AI and gamification service to it’s clients. The company describes itself as a “business-to-business software platform that allows video game publishers and developers to offer prize-based matches of their games to their players.”
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