Swing Trade Idea – April 21, 2022
Today’s 5 Stock Ideas:
- Chipotle Mexican Grill (CMG) – An upcoming earnings play. This provider of fast-casual Mexican food will report on Tuesday after market close. Chipotle shares were up 25% since the end of February.
- Gogoro (GGR) – A play on electric scooters in Taiwan. Company founder and CEO, Horace Luke, will interview on Benzinga’s “Benzinga Live” YouTube show Friday at 11:45 a.m. EDT.
- Paramount Global (PARA) – A play on online streaming. The company was formerly ViacomCBS. Shares were down 8% on Wednesday amid weakness in the streaming space following Netflix’s (NFLX) concerning Q1 results and Q2 guidance.
- Redbox Entertainment (RDBX) – Wednesday’s low-float momentum-du-jour play. Shares closed up nearly 25% Wednesday; the stock added another 13% in Thursday’s pre-market session. Benzinga Pro’s Details tool shows Redbox has about 10 million shares in its float. The Benzinga newsdesk team did not see news to justify the move higher Wednesday.
- Alpha Pro Tech (APT) – A play on developments related to facemasks/face coverings. While shares of Alpha Pro Tech have previously been sensitive to news on facemask mandates around the US and globally, the stock seems to have decoupled from this trend. When investors have heard news related to mask mandates over the last few weeks, shares of Alpha Pro Tech have not been impacted.