Swing Trade Idea – March 28, 2023
Alibaba (BABA) – Shares were up 9% Tuesday morning following news the company will split into six business units. Expectations suggest one or several of the units could be the target of initial public offerings (IPOs).
Block (SQ) – A play on the company’s Cash App service, which one analyst recently called “a bank for Millennials and Gen Z.” The analyst, Morgan Stanley’s James Faucette, said recent controversies related to Block were already “well understood.”
CrowdStrike (CRWD) – The company will host an investor briefing next Tuesday at 4 p.m. EDT. Companies hosting investor events have been known to give updates on guidance and/or business operations which could impact the stock.
Guess? (GES) – A play on a 5% dividend yield. Guess? offers investors a more than $0.22 per share quarterly dividend on a less than $20 stock.
Bolt Biotherapeutics (BOLT) – A play on an upcoming FDA date. The company is expected to issue Phase 1/2 data for the latest trial of its breast and gastric cancer treatment by the end of the first quarter.