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  • Swing Trade Idea – March 29, 2023

    • Tesla (TSLA) – The company is expected to release first-quarter delivery data over this upcoming weekend. An analyst at Wedbush sees Tesla reporting deliveries around 420,000 units for the quarter.
    • lululemon athletica (LULU) – Shares were up about 17% during Wednesday’s pre-market session following “very solid” quarterly results, according to an analyst at Oppenheimer. Other analysts were very optimistic on lululemon following the earnings. A Morgan Stanley analyst noted lululemon outperformed on the three main investor concerns heading into the results: inventory levels, gross margin and full-year guidance.
    • Snap (SNAP) – Investors in Snap have already priced in aggressive assumptions for TikTok time captured by Snapchat in the event of a US TikTok ban, according to a Morgan Stanley analyst. The analyst thought the most compelling idea to capture the TikTok ban theme was Meta Platforms (META).
    • Costco Wholesale (COST) – The company will report March sales results next week, on Wednesday, April 5.
    • US Gold (USAU) – The stock has rallied about 30% over the last few trading sessions. US Gold is a nano-cap company in the gold exploration and development space; its stock is in low-float territory with about 7 million shares in its float.
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