Keep an eye on Snap (SNAP).
The stock was up about 10% just yesterday on a volume spike to 77.9 million shares, as compared to daily average volume 32.3 million.
All on speculation that U.S. lawmakers are pushing for a ban on TikTok. According to Barron’s, “TikTok, owned by parent company ByteDance, has sparked concerns of data sharing with the Chinese government, and last week the White House told federal agencies that they have 30 days to remove TikTok from all federal government-issued devices.”
If the U.S. government does ban it, SNAP could potentially see higher highs.