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  • Swing Trade Idea – January 18, 2023

    • Tesla (TSLA) – The company will report quarterly results on Wednesday of next week. Analysts expect earnings of $1.18 per share on sales of about $25 billion.
    • American Airlines (AAL) – The next airline company to report quarterly results. American Air will report on Thursday of next week. Results in the space have been mixed so far: Delta Air (DAL) reported better-than-expected quarterly results but gave guidance which was weak; United Air (UAL) gave some strong guidance.
    • Uber Technologies (UBER) – Shares of Uber were unaffected Wednesday morning following news China will launch a state-owned ride-hailing service. This news should not affect Uber shares as Uber pulled out of China in 2016.
    • Chegg (CHGG) – A play on the online education space. Shares were downgraded to Hold by analysts at Needham Wednesday morning. The firm cited management’s long-term initiatives which will likely limit near-term upside in the stock.
    • Genius Sports (GENI) – A play on a favorite pick by analysts at Oppenheimer. The company is a provider of data and services for the sports and sports betting spaces.
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