Swing Trade Idea – April 5, 2022
Today’s 5 Stock Ideas:
- Tesla (TSLA) – Shares were unaffected following news Twitter (TWTR) named Tesla CEO Elon Musk to its Board of Directors.
- GameStop (GME) – A mysterious visual was found as a placeholder on the beta version of GameStop’s non-fungible token (NFT) site. The video was posted on a GameStop investment twitter account and showed in the background the four shapes that signify Sony’s (SONY) PlayStation logo as well as a Sony TV. The twitter account noted GameStop Chair Ryan Cohen followed PlayStation’s twitter account recently, on Feb. 5, 2022.
- Gores Guggenheim (GGPI) – One of the most-searched tickers on Benzinga Pro Monday. The company’s special purpose acquisition corporation (SPAC) merger partner, Polestar, and Hertz (HTZ) announced a strategic partnership to accelerate the adoption of electric vehicles.
- Albemarle (ALB) – A play on lithium. Stocks grouped together as lithium plays saw interest on Monday following a report Canada will spend C$2 billion in its budget to accelerate production and processing of critical minerals for its electric vehicle battery supply chain.
- Recon Technology (RCON) – Shares of this low-float stock moved higher Monday afternoon following news the company’s co founder raised his stake in the company from around 12% to 50%.