Stock Region Watchlist
Stock Region Weekly Watchlist: Tuesday, August 13th, 2024
Stock Region Weekly Watchlist—Tuesday, August 13th, 2024
Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered as financial advice. Stock Region does not endorse any specific investment and is not responsible for any financial losses resulting from investments in the stocks mentioned herein.
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1. Home Depot ($HD):
Recent Earnings Report & Sales Guidance
Home Depot recently posted earnings that beat expectations, yet the company has revised its fiscal 2024 sales guidance downward due to weak consumer spending. This mixed bag of news could spark volatility, presenting potential trading opportunities. Keep an eye on these critical levels for short-term movements: an upside breakout above $348.64 and a downside move below $345.81.
2. Starbucks ($SBUX):
Activist Investor Influence
Starbucks has been riding a wave of positive momentum following news that an activist investor has taken a stake in the company. This could lead to strategic changes and increased investor interest. For those eyeing short-term trades, watch for an upside move above $88.26 and downside potential below $77.07.
3. Hormel Foods ($HRL):
Upgraded to "Buy" by Citigroup
Hormel Foods has garnered attention after Citigroup upgraded its rating to a "Buy," citing it as undervalued and highlighting growth potential. This could attract investors looking for comeback opportunities. Pay attention to these short-term levels: potential upside above $32.30 and downside below $31.25.
4. Chipotle ($CMG):
CEO Departure & Stock Split
Chipotle has announced the departure of its CEO, a move that could lead to significant shifts in leadership strategy. Combined with a recent stock split and robust sales growth, Chipotle is a compelling stock to watch for potential price movements. Key levels to monitor include an upside above $55.95 and a downside below $50.13.
Disclaimer: Investing in stocks involves risks, including the loss of principal. Always conduct your own research or consult with a financial advisor before making any investment decisions. Stock Region is not responsible for any decisions made based on the information provided in this newsletter.
Real-time information is available daily at https://stockregion.net