Stock Region Watchlist Newsletter - Tuesday, January 7, 2025
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Disclaimer: This newsletter is for informational purposes only and does not constitute financial advice. Please conduct thorough research or consult a financial advisor before making any investment decisions.
Nvidia ($NVDA): Breaking New Records
Nvidia's stock performance is turning heads, reaching a record high of $149.43 after a 3.4% rally last week. This surge underscores strong market confidence as Nvidia remains a leader in the semiconductor space.
Adding even more excitement, CEO Jensen Huang is set to deliver a keynote at CES 2025. Industry insiders expect game-changing announcements, particularly around AI and GPU innovations. These developments could further solidify Nvidia's market dominance and drive investor interest.
Key levels to watch:
Upside potential above $153.58
Downside risk below $149.51
Getty Images ($GETY): Big Moves With Shutterstock
Getty Images has made waves by announcing a $3.7 billion merger with Shutterstock, sending its stock soaring over 73% in pre-market trading. This deal gives the combined company a unique advantage in addressing growing demands for visual content, particularly in sectors like advertising and media.
Getty is also exploring opportunities in AI licensing, aiming to lead the charge in both traditional and cutting-edge visual media applications. This merger puts Getty in a strong position for long-term growth and innovation.
Key levels to watch:
Upside potential above $4.41
Downside risk below $3.62
Tesla ($TSLA): Stepping Into The Future
Tesla has revealed ambitious goals for its robotaxi service, aiming for a late 2025 launch. This initiative aligns with Tesla's broader strategy to grow its EV ecosystem while pushing advancements in autonomous driving technology.
The market has taken notice, with analysts boosting Tesla’s average price targets by $72. Continued strong demand for EVs, paired with these innovations, could push Tesla's stock higher in the near term.
Key levels to watch:
Upside potential above $405.60
Downside risk below $402.32
Disclaimer: The content of this newsletter reflects market updates as of the stated date and is meant for informational use only. Stock Region assumes no responsibility for any investment decisions made based on this information.
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