Southwest Air (LUV) – The airlines holiday-cancellation woes continue without end in sight. Late last week, Southwest was forced to cancel nearly 70% of its flights. Travelers remain stuck around the nation; some travelers won’t be able to find new flights to their destinations til several days after the new year.
Bed Bath & Beyond (BBBY) – A favorite meme stock among the retail investor crowd. Bed Bath & Beyond is expected to report its quarterly results during the second week of January.
Stitch Fix (SFIX) – A play on a rumor from Tuesday. The Information speculated Amazon (AMZN) could be interested in buying Stitch Fix at some point in 2023.
MicroStrategy (MSTR) – A play on a software company which holds most of its cash in the form of bitcoin. The company reported Wednesday morning it bought about 2,400 bitcoin over the last two months. MicroStrategy now holds about 132,500 bitcoin with total value of about $4 billion. The company’s average purchase price for its bitcoin was about $30,400. Bitcoin last traded around $16,500.
Moolec Science (MLEC) – A play on a recently-completed special purpose acquisition corporation (SPAC) deal. LightJump Acquisition (LJAQ) shares are expected to turn into Moolec shares via ticker “MLEC” following the close of the business combination deal on December 30, 2022. Moolec is “a science-based ingredient company producing real animal proteins in plants through Molecular Farming.”