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  • Swing Trade Idea – April 07, 2022

    • HP Inc (HPQ) – Shares were up 14% Thursday morning following news Berkshire Hathaway’s Warren Buffett bought more than 11 million shares of HP. Buffett now owns nearly 121 million shares of HP.
    • NewEgg (NEGG) – One of Wednesday’s most-discussed stocks in the Benzinga Pro chats. Upon seeing the discussion, the Benzinga newsdesk team reached out to NewEgg to try to get confirmation when the company will be issuing its next quarterly results. Within about 30 minutes, a company spokesperson responded and told Benzinga the results would be issued sometime during April but that the date was not yet confirmed.
    • Genius Sports (GENI) – The stock closed up about 9% Wednesday following a report the National Football League is now the largest US shareholder in Genius Sports.
    • Momentus (MNTS) – Shares rallied more than 30% Thursday morning following a company press release that highlighted some previously disclosed information. The company announced the launch of a services deal with SpaceX — a piece of info that was first disclosed on Momentus earnings conference call back in March.
    • IMAC Holdings (IMAC) – This low-float stock rallied nearly 70% Thursday morning following news the company completed a pilot program with Walmart (WMT) for its The Black Space retail chiropractic concept locations. As a result of the completed pilot program, the company said it will “triple its store count with at least 20 added locations” over the next year and “significantly more stores” over the next 3 years.
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