Stock Region Watchlist
Watchlist - Thursday, February 15th, 2024
Stock Region: Watchlist - Thursday, February 15th, 2024
In today's watchlist, we're focusing on Deere & Co., Cisco Systems Inc., Arm Holdings, and Super Micro Computer, Inc. Here are the reasons why these stocks are worth watching today:
1. Deere & Co. (DE)
Despite beating earnings estimates, Deere's stock fell due to a disappointing full-year outlook. The company cut its annual earnings guidance and posted an 11% drop in quarterly profit. However, their consistent free cash flow used for share buybacks and dividends makes them a stock to watch. Key levels to observe are above $375.00 and below $368.71.
2. Cisco Systems Inc. (CSCO)
Cisco is a leading provider of networking hardware and telecommunications equipment. The company stands to benefit from the increasing digitalization and the ongoing transition to remote work. They have a strong track record of returning capital to shareholders through dividends and share repurchases. Keep an eye on levels above $48.35 and below $47.70.
3. Arm Holdings (ARMH)
Arm Holdings, a global semiconductor and software design company, is central to digital electronic product development. With the rise of IoT devices, demand for Arm's chip designs could increase. Their energy-efficient processor designs are being used in most smartphones, wearable devices, and automotive entertainment systems. Look for levels above $132.00 and below $126.40.
4. Super Micro Computer, Inc. (SMCI)
SuperMicro, a global leader in high-performance, high-efficiency server technology, benefits from the growing demand for data centers and cloud computing. They're also focusing on environmental efficiency in their products, potentially attracting investors interested in ESG factors. Watch for levels above $936.39 and below $880.55.
As always, investing in the stock market carries risks. It's essential to conduct thorough research and consider seeking advice from financial advisors before making any investment decisions.
As an investor it's important to stay updated with major news. Get real-time stock market alerts and research by creating an account here.