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  • Swing Trade Idea – October 19, 2022

    Oct 19, 2022 Uncategorized Comments Off on Swing Trade Idea – October 19, 2022
    • Roku (ROKU) – Shares saw increased attention Wednesday morning following better-than-expected earnings out of Netflix (NFLX) Tuesday evening. Traders often group the likes of Roku and Netflix together in the streaming space.
    • American Express (AXP) – A play on upcoming earnings. AmEx will report quarterly results on Friday of this week. The company will be the first credit card processor to report quarterly results.
    • ASML Holding (ASML) – A play on semiconductors. The company is a leader in photolithography, the process of exposing circuit patterns onto a semiconductor wafer. ASML shares were higher Wednesday morning following strong quarterly results from the company.
    • Wix.com (WIX) – A play on activist investor interest. Starboard Value published a slideshow presentation Tuesday which highlighted the potential for Wix to improve growth and profitability. Despite the attention from the notable activist investor, shares of Wix were relatively quiet.
    • LMF Acquisition Opportunities (LMAO) – A potential special purpose acquisition corporation (SPAC) redemption play. Shareholders approved the company’s business combo deal with SeaStar Medical, a medical company working to find a treatment against cytokine storm, a process which effectively turns a person’s immune system against them.
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