New Trade for June 2nd 2020

Mobile gaming stocks are pushing higher.

On May 28, we highlighted opportunity in Glu Mobile (GLUU), as it traded at $8.88.  it’s now up to $10.28.  We have an initial price target of $12 on the stock.  Then, just yesterday, we highlighted opportunity in Zynga Inc. (ZNGA), which traded at $9.40.  It’s now up to $9.86.  With ZNGA, we have a near-term target of $11.

Prior to those trades, we highlighted Penn National Gaming (PENN) at $29.30.  It’s now up to $33.20.  We have an initial price target here of $40, as the economy begins to reopen.

If you hold those recent trades, congratulations.  We’d love to hear how you’re doing.

As for newer opportunities, take a look at Axon Enterprises (AAXN).  While the stock has already exploded higher, it could see higher highs.  With nationwide riots, and potential military action, we’re seeing higher demand for the company’s law enforcement products.  

As reported by Fox Business, “Axon said its customer-facing teams have noted ‘an increase in product usage and requests’ for two of its products – Axon Aware, which provides livestream functionality for body cameras worn by law enforcement officers in the field, and Axon Citizen, described as a ‘public evidence submission tool.’”