Stock Region Watchlist
Your Dec 2 Watchlist Is Here!
Your Dec 2 Watchlist Is Here!
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Good morning and welcome to Tuesday! Before diving into today’s watchlist, here’s an important reminder: The information in this newsletter is for educational purposes only and is not financial advice. These are observations and highlights to keep on your radar. Always do your own research before making any trades.
Now, let’s get to the good stuff. The market is buzzing with some interesting moves, and a few stocks, in particular, have caught attention.
MongoDB ($MDB)
MongoDB delivered an outstanding earnings report, causing the stock to surge 15%. This wasn’t just a small beat—they raised their full-year guidance, signaling real confidence from the leadership team. It’s always worth paying attention when a company is this optimistic about its future. Key levels to watch in the short term: an upside break above $408.81 may see more momentum, while a move below $400.02 could trigger a pullback.
MicroStrategy ($MSTR)
MicroStrategy is once again making headlines as the ultimate Bitcoin proxy. The company has raised $1.44 billion in reserves to manage Bitcoin’s notorious volatility. Updated fiscal guidance reflects potential upside tied directly to Bitcoin’s price action—a bold, high-conviction strategy. This stock remains a prime way to play the crypto narrative without directly holding Bitcoin itself. Definitely worth monitoring as Bitcoin’s price evolves.
Signet Jewelers ($SIG)
Signet impressed with stronger-than-expected third-quarter results, thanks to robust same-store sales. Even with the positive momentum, the company did issue a cautious outlook for the holiday season, which could create interesting opportunities. If the market overreacts to the warning, a potential entry point could emerge. Keep an eye on a break above $94.20 for momentum or a dip below $91.99 for signs of weakness.
Credo Technology ($CRDO)
Credo Technology crushed expectations for its second-quarter fiscal 2026 results, pushing shares higher in after-hours trading. The strong performance and upbeat outlook suggest this could mark the start of a new trend, rather than just a single pop. The key resistance is $204.58—breaking through could mean even more upside. Conversely, maintain caution if shares fall below $197.50.
There’s a lot of energy in the market right now, especially among tech names and recent earnings winners. Stay alert and keep strategies focused.
Happy trading!
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Disclaimer: This newsletter is not investment advice. The content provided is for informational and educational purposes only. Trading stocks involves risk, and you should consult with a qualified financial advisor before making any investment decisions. The author may or may not hold positions in the stocks mentioned. Past performance is not indicative of future results.