Stock Region Watchlist
Here's Today's Watchlist - Tuesday, February 20th, 2024
Stock Region Newsletter: Watchlist - Tuesday, February 20th, 2024
Hello Investors,
Welcome to this week's edition of the Stock Region newsletter. Today we're putting the spotlight on four stocks that are making significant moves in the market: Home Depot, Walmart, Intel, and Arm Holdings. Here's why these stocks should be on your radar:
Home Depot ($HD)
Despite being near two-year highs, Home Depot is currently struggling to show growth. However, it's worth noting that the home improvement giant has made some significant premarket moves. The company recently announced a 7.7% increase in its quarterly dividend, indicating strong financial health. Despite a sales drop, the stock remains resilient, with levels to watch out for above $363.15 and below $350.95.
Walmart ($WMT)
Walmart has been supporting the Dow Jones futures despite a general fall, showing resilience against market pressures. The retail giant also recently announced an annual dividend increase, indicating robust financial health. Keep an eye out for levels above $179.10 and below $177.50.
Intel ($INTC)
Intel is another stock making significant premarket moves and is supporting the Dow Jones futures. The market sentiment around Intel is currently high, making it a stock to watch. Monitor levels above $45.60 and below $44.19.
Arm Holdings ($ARM)
Arm Holdings recently went public and has since garnered increased attention from investors. The company's near-term prospects are positive, with expected growth in both royalty and license revenue. Remarkably, Arm Holdings' stock has gained 70% in 2024, signaling strong performance and potential for future growth. Levels to watch out for are above $128.34 and below $115.21.
As always, remember that investing in the stock market carries risk. It's crucial to do your own research and potentially seek advice from a qualified professional before making investment decisions.
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Stay tuned for more updates and happy investing!