Stock Region Watchlist - Tuesday, September 24th, 2024
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Disclaimer: The information provided in this newsletter is for educational purposes only and should not be considered financial advice. Investing involves risk, and past performance is not indicative of future results.
Visa ($V):
Visa continues to shine as a reliable performer with a projected EPS growth of 10.73% from last year. This financial powerhouse has reported a robust 10% increase in revenue for the latest quarter, driven by its expansive global partnerships and strong payment processing operations. Analysts remain optimistic, noting Visa's impressive streak of consistent dividend growth over the past 15 years. Key levels for short-term investors to watch include an upside potential above $284.00 and a downside risk below $282.00.
Starbucks ($SBUX):
Starbucks is brewing up excitement in the market and is rated a "Buy" by a trio of prominent analysts from B of A Securities, TD Cowen, and BMO Capital, with an average price target of $112.67, suggesting an 18.55% potential upside. Evercore ISI Group has set an ambitious high target of $120.00. Under new leadership, Starbucks has demonstrated market resilience, reporting an impressive 11.55% rise in revenue last year. Investors should keep an eye on short-term levels, with upside potential above $95.18 and downside risk below $92.90.
Salesforce ($CRM):
Salesforce remains a strong contender in investors' portfolios, carrying a "Buy" rating from analysts and a forecasted 16.47% increase in stock value. Known for its extraordinary EPS growth of 142.95% this year, Salesforce anticipates a nearly 10% boost in revenue growth. For those tracking short-term performance, watch for an upside above $270.20 and a downside below $263.80.
Lowe's ($LOW):
Focusing on the commercial home improvement market, Lowe's is poised for growth despite facing certain sales challenges. The company maintains a robust capital return initiative and has been raising dividends consistently for over 25 years. Investors should monitor significant levels, with an upside potential above $266.55 and a downside risk below $262.21.
Disclaimer: The insights provided herein are for informational purposes only. They do not constitute financial advice. Investors should conduct their own research and consult with a financial advisor before making investment decisions. Remember, past performance is no guarantee of future returns.
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