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  • Swing Trade Idea – February 22, 2023

    • Intel (INTC) – Shares were down about 1% ahead of the open following reaffirmed Q1 guidance from the company and news of a dividend cut. Intel’s new quarterly dividend is $0.125 per share; the stock’s dividend yield was reduced from about 5% to around 2%.
    • Robinhood (HOOD) – A potential technical breakout or breakdown play.
    • Target (TGT) – Will report quarterly results on Tuesday of next week.
    • Livent Corp (LTHM) – A play on lithium. Shares were down 1% Wednesday morning following better-than-expected quarterly results but sales guidance which was light.
    • Snowflake (SNOW) – A software provider. The company will publish quarterly results on Wednesday of next week.
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