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  • Swing Trade Idea – May 08, 2023

    May 08, 2023 Uncategorized Comments Off on Swing Trade Idea – May 08, 2023
    • Disney (DIS) – Will report quarterly results after market close on Wednesday. Analysts expect earnings of $0.93 per share on sales of about $22 billion.
    • PacWest Bancorp (PACW) – Shares were one of Monday morning’s biggest gainers, up 30% in the pre-market session. The stocks of several regional banks rebounded from recent lows Monday. Late on Friday, PacWest announced it would cut its quarterly dividend to $0.01 per share. It’s not clear if the price action Monday morning is related to the stock rebounding after extreme downside or if investors reacted favorably to the dividend news.
    • AMC Entertainment (AMC) – Analysts at Macquarie responded in a research note Monday morning following AMC’s quarterly results on Friday. The analysts were favorable on the long-term story for the movie industry moving forward but remained cautious on AMC shares.
    • Roblox (RBLX) – Will report quarterly results on Wednesday before market open.
    • Wendy’s (WEN) – The company will publish quarterly results on Wednesday before market open. Analysts expect earnings of $0.20 per share on sales of about $520 million.
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