Stock Region Watchlist
Stock Region Watchlist Newsletter - Thursday, October 24, 2024.
Stock Region Watchlist Newsletter - Thursday, October 24, 2024
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Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered as financial advice. Investing in stocks carries risks, and it is important to conduct your own research or consult with a financial advisor.
Welcome to this week's Stock Region newsletter, where we bring you the latest insights and updates on key stocks to watch in the market. Here's what you need to know about our top picks for this week:
1. Tesla ($TSLA):
Tesla's stock has surged following a successful Q3 earnings report. CEO Elon Musk is projecting a robust 20% to 30% growth in vehicle sales for the upcoming year, spurring excitement among investors. The company's ongoing improvements in cost efficiency are further enhancing investor confidence. In the short term, keep an eye on Tesla's stock for movements above $245.00 on the upside and below $335.60 on the downside.
2. UPS ($UPS):
UPS has delivered strong Q3 2024 earnings, marking the first time in two years that their revenue has surpassed forecasts. This achievement is a clear indicator of the company's renewed growth trajectory, which has positively impacted its stock price. For short-term trading, watch for potential downside movements below $138.00.
3. Lam Research ($LRCX):
Lam Research has experienced a stock boost after exceeding Wall Street's adjusted earnings expectations. The recent completion of a ten-for-one stock split is likely to attract a broader base of investors. Traders should monitor levels above $77.88 for an upside breakout and below $76.70 for any downside risks.
4. IBM ($IBM):
IBM's third-quarter results have been disappointing, causing a decline in its stock. However, this dip might present a strategic opportunity for those looking to invest in potential rebounds or seek long-term value. For short-term trading, watch IBM for movements above $228.00 on the upside and below $219.57 on the downside.
Disclaimer: This newsletter is intended for informational purposes only. Stock Region and its affiliates are not responsible for any investment decisions made based on the information provided in this newsletter.
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