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  • Swing Trade Idea – February 23, 2023

    • Costco Wholesale (COST) – The retailer will report quarterly results on Thursday of next week. Analysts expect earnings of $3.36 per share on sales of about $55 billion.
    • Bumble (BMBL) – A play on the online dating space. Shares were up 3% Thursday morning following quarterly earnings out of the company. One analyst who commented on the results said Bumble is “making steady progress,” but noted the company’s guidance was revised slightly lower.
    • Nokia (NOK) – One of the world’s largest mobile conferences, Mobile World Congress, will take place in Barcelona to start next week. Nokia’s President and CEO will be one of the keynote speakers. The exec could discuss the company’s forecast during the presentation. Check out the agenda on the Mobile World Congress website to see which companies in the space will be presenting.
    • Lordstown Motors (RIDE) – Shares were down 8% following news the company paused production and delivery operations in order to address quality issues.
    • AVROBIO (AVRO) – A play on an upcoming FDA news catalyst. The company is expected to release Phase 2/3 data on its Gaucher Disease drug candidate by the end of this week.
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