Swing Trade Idea – March 29, 2022
Today’s 5 Stock Ideas:
- America Air (AAL) – Airline stocks were a beneficiary of the favorable reports from Russian and Ukrainian negotiator talks in Istanbul, Turkey Tuesday morning. Crude oil briefly fell below the $100 per barrel level, down nearly 6%. A Ukrainian negotiator said enough favorable developments have happened to potentially facilitate discussion between Ukrainian President Zelenskyy and Russia’s Vladimir Putin. A Russian negotiator called the talks in Istanbul “constructive.”
- VEON (VEON) – A play on seemingly favorable talks between Russian and Ukrainian negotiators. The company is a provider of connectivity and internet services in Russia, Ukraine and 8 other Middle East and Eastern European nations. The stock was up 16% in pre-market action.
- ContextLogic (WISH) – A top 15 most-mentioned ticker on Reddit’s WallStreetBets retail investor forum Tuesday. The data for the most-mentioned tickers was compiled by a proprietary scanner used by the Benzinga Pro newsdesk team.
- Guardforce.AI (GFAI) – One of Tuesday morning’s biggest winners. Shares were up more than 40% following news the company is setting up subsidiaries in Dubai and Australia with the focus of rolling out its Robotics As A Service products.
- Marketwise (MKTW) – A play on very high short interest. A proprietary scanner of short interest used by the Benzinga Pro newsdesk showed Marketwise had the highest short interest; about 45% of its float was shorted as of the most recent check.