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  • Swing Trade Idea – May 23, 2023

    • Meta Platforms (META) – Shares of this mega-cap tech powerhouse were up more than 100% year to date as of Tuesday morning.
    • AutoZone (AZO) – The stock was down 2% following mixed quarterly results. AutoZone said same-store sales (a measure of sales at its retail locations open longer than one year) rose nearly 2% from last quarter.
    • KULR Technology (KULR) – KULR announced it was awarded an additional contract from the US Air Force related to the development of high-energy battery packs. KULR did not disclose terms of the contract. Shares were relatively quiet Tuesday morning but rallied more than 40% on Monday ahead of the news.
    • Traegar (COOK) – A good ole’ fashioned barbeque play ahead of the unofficial start of the summer in the US, Memorial Day! Reminder: the US stock market will be closed on Monday, May 29 for Memorial Day.
    • Lordstown Motors (RIDE) – The company announced a 1-for-15 reverse stock split Tuesday morning. 
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