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Swing Trade Idea – February 17, 2023
- NVIDIA (NVDA) – Analysts at KeyBanc on Friday said, “In semiconductors, we view NVDA as the clear outsized beneficiary of generative AI.”
- Home Depot (HD) – An excellent gauge of consumer sentiment in the United States. Home Depot will report quarterly results on Tuesday.
- Alibaba (BABA) – One of the best ways to understand consumer sentiment within China. Alibaba will report earnings on Thursday.
- DoorDash (DASH) – Shares were up 3% following the company’s better-than-expected quarterly sales. Most analysts remained positive on the company and stock following the Q4 results.
- EBET (EBET) – A sympathy play in the sports betting space. Shares moved higher Friday morning following strong results and guidance out of DraftKings (DKNG).
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