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  • Swing Trade Idea – May 26, 2023

    • PDD Holdings (PDD) – Shares of the company formally named Pinduoduo were up about 15% in pre-market action following better-than-expected quarterly results. PDD is an e-commerce platform focused on serving people in rural areas of China.
    • Ford (F) – A report Thursday afternoon suggested Ford will add Tesla’s (TSLA) plug to its electric vehicles. While some retail investors were optimistic on the move by Ford, shares appeared unaffected.
    • Broadcom (AVGO) – A play on the semi space. The company will report quarterly results on Thursday of next week.
    • Chewy (CHWY) – The company will report quarterly results on Wednesday after market close. Traders and investors can potentially use Petco’s (WOOF) recent earnings as an indication for Chewy.
    • Blackboxstocks (BLBX) – One of Friday’s momentum names. The stock was up 12% on seemingly no news. The company is a provider of “a financial technology and social media hybrid platform offering real-time proprietary analytics and news for stock and options traders of all levels.” The issue is in low-float territory with about 2 million shares in its float.
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