These two recent IPOs could be buys into earnings, traders argue

One name looks like the best bet, according to"I really like Lemonade, it's in the insurance business. I consider insurance to be sort of the dentistry of finance. Everybody hates it but everybody has to have it," Schlossberg said Monday on CNBC's "What sets Lemonade apart from other insurance companies, according to Schlossberg, is its pricing and the speed at which it processes claims using artificial intelligence.

"Their performance as far as underwriting goes still remains to be seen. They're about 10% below the net-loss ratio that industry giants are doing, but I think the market is going to forgive all that because it's really going to look at net customer acquisition. If they continue to grow, they continue to get mindshare, they will eventually get enough scale to be a very profitable underwriting concern," said Schlossberg.

"This is a chart that's been consolidating sideways, making in the technical world what we define as an ascending triangle. A close above $10 would be very bullish. I'd be buying that breakout because from there it looks like you would start another leg higher, and would be among the more attractive looking names," Johnson said during the same "Trading Nation" segment.

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