Stock Region Watchlist
Stock Region Weekly Watchlist - Friday, January 3, 2025.
Stock Region Weekly Watchlist - Friday, January 3, 2025
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Disclaimer: This newsletter is for informational purposes only and does not constitute financial advice. Always conduct your own research or consult a financial advisor before making investment decisions.
U.S. Steel ($X)
Recent Developments
U.S. Steel has faced sharp volatility after President Joe Biden blocked a $14.9 billion takeover bid by Japan's Nippon Steel, citing national security concerns. Following this decision, U.S. Steel's stock saw an 8% drop, adding uncertainty to its short-term trajectory.
Market Sentiment
Despite the setback, analysts remain optimistic about U.S. Steel’s future. With a price target of $42.10, this optimism is driven by its solid stand-alone valuation and reduced capital spending requirements. For active traders, the key levels to monitor are upside above $30.50 and downside below $29.32.
Carvana ($CVNA)
Recent Developments
Carvana continues to capture attention, this time due to a report from Hindenburg Research accusing the company of insider trading and accounting manipulation. Surprisingly, these allegations haven’t shaken investor confidence significantly. After implementing cost-saving measures and achieving improved quarterly profits in 2024, Carvana’s stock has nearly quadrupled, showing impressive resilience.
Market Sentiment
Carvana is spotlighted as Zacks' "Bull of the Day," supported by a strong buy rating thanks to its positive earnings outlook and notable growth in retail units and profitability. Traders should keep an eye on upside above $195.55 and downside below $185.00 for short-term positioning.
Block ($SQ)
Recent Developments
Though there hasn’t been major company-specific news for Block, it continues to be a critical player in the fintech sector. Its performance remains closely tied to wider trends in digital payments, making it an appealing option for investors keen on the intersection of technology and finance.
Market Sentiment
Analysts highlight Block as a stock to watch for its potential to benefit from innovations in the digital payments landscape. Short-term levels to focus on include upside above $89.68 and downside below $86.75.
Disclaimer: The stock market involves risks, and past performance is not indicative of future results. Stock Region and its affiliates are not liable for any investment decisions made based on this newsletter.
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