Stock Region Watchlist
Stock Region: Your Friday Market Watchlist
Stock Region: Your Friday Market Watchlist
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Good morning, everyone, and welcome to your Friday watchlist. It’s been another eventful week in the markets, and we’re keeping a close eye on a few names that are making some serious moves. Let’s dive right in and see what’s on our radar.
Rubrik ($RBRK): The Earnings Powerhouse
First up is Rubrik, and what a week they’ve had. The company posted fantastic Q3 earnings, with revenue jumping 22% year-over-year to over $350 million. The market absolutely loved it, sending the stock soaring more than 18% to close at $83.33.
Personally, I’m impressed with what Rubrik is doing in the data security space. Their Zero Trust platform is clearly resonating with customers, and a 79% gross margin is nothing to sneeze at. The stock is already up nearly 34% this year. For the short term, keep an eye on the $84.35 level for a potential breakout, and watch for support around $81.50 if it pulls back.
Netflix ($NFLX): The Blockbuster Acquisition
Netflix is making headlines again, but this time it’s not about a new hit show. They’ve announced a massive $82.7 billion deal to acquire Warner Bros. Discovery. This is a huge move to consolidate content and grow their subscriber base even further.
The market seemed a little spooked by the news, with the stock dropping about 4% after the announcement. It’s a lot to digest, and big acquisitions can be messy. However, let’s not forget Netflix is still up almost 16% for the year. This move shows they are playing the long game, aiming to become an untouchable force in streaming. It will be fascinating to see how this merger plays out.
Victoria’s Secret ($VSCO): The Turnaround Story?
We’re also watching Victoria’s Secret. This brand has been through a lot, but their efforts to rebrand and modernize are starting to show signs of life. We’re seeing some improved sales trends, which is catching the attention of investors who love a good comeback story. There’s a lot of chatter about its potential for recovery. While it’s still early days, VSCO is a name worth keeping on your radar to see if this turnaround has legs.
Sofi ($SOFI): The Fintech Favorite
Sofi continues to be a compelling name in the financial services sector. Their expansion into personal loans, banking, and other products is driving strong user growth. The stock was one of the top movers in after-hours trading, which tells me there’s a lot of positive sentiment building up. The key levels I’m watching are $28.03 on the upside and $27.25 on the downside. If it can break through resistance, we could see another nice run.
Ulta ($ULTA): Beauty and Resilience
Finally, let’s talk about Ulta. They delivered a better-than-expected earnings report, proving once again that the demand for beauty products remains strong. Ulta has a fantastic business model that just seems to work, regardless of the economic climate. People want to look and feel good, and Ulta is their go-to place. The stock has shown incredible resilience. For the traders out there, watch for a move above $573.90 or a drop below $563.21 to signal its next direction.
That’s all for this week’s watchlist. Have a great weekend, and happy trading.
Disclaimer: We may or may not hold positions in the stocks mentioned. This is not a recommendation to buy or sell any security. You are responsible for your own investment decisions. Please consult with a licensed financial professional before making any investment choices.