Swing Trade Idea – May 23, 2022
Today’s 5 Stock Ideas:
- NVIDIA (NVDA) – Will report quarterly results Wednesday after market close.
- Redbox (RDBX) – One of the most popular stocks among the retail trader group over the last couple weeks. Last week, shares rallied more than 100%. Redbox is a low-float name; the issue has about 10 million shares in its float.
- Catalyst Biosciences (CBIO) – Monday morning’s biggest winner. Shares were up more than 100% following news the company will sell its complement portfolio to Vertex Pharma (VRTX) for $60 million.
- Verrica Pharma (VRCA) – A play on an upcoming FDA date. The FDA is scheduled to rule on the company’s new drug application for its molluscum contagiosum and common warts candidate. The ruling date is set for Tuesday.
- Camping World (CWH) – A play on summer! The company “provides services, protection plans, products, and resources for recreational vehicle (RV) enthusiasts across the United States.”