Stock Region Watchlist
Watchlist - February 7th, 2024
Stock Region: Watchlist - February 7th, 2024
1. Snap Inc. ($SNAP)
Despite a recent plunge due to a revenue miss and light guidance, Snap's stock could potentially be a good watch because of its massive revenue growth. The company increased revenue by 5% year over year, with Q4 revenue rising to $1.36 billion. However, the stock has dropped over 30% in extended hours trading. Levels to watch out for are above $12.28, and below $11.73.
2. Uber Technologies Inc. ($UBER)
Uber is worth noting as the ride-share industry is expected to grow in the coming years. As one of the leading companies in this sector, it could be a good stock to watch. Levels to watch out for are above $70.47, and below $69.00.
3. Chipotle Mexican Grill, Inc. ($CMG)
Chipotle has been known for its strong performance in the fast-casual dining industry. The company has invested heavily in digital and delivery services, which could continue to drive growth. Levels to watch out for are above $2,558.00, and below $2,541.00.
4. Alibaba Group Holding Limited ($BABA)
Alibaba is a major player in the e-commerce and tech industry in China. Although it has faced regulatory scrutiny, the company's vast market reach and diversified business could make it a stock to watch.
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