Stock Region Watchlist
Stock Region Watchlist Newsletter: Thursday, November 7th, 2024
Stock Region Watchlist Newsletter: Thursday, November 7th, 2024
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Disclaimer: The content of this newsletter is intended for informational purposes only and should not be considered financial advice. Please conduct your own research or consult with a financial advisor before making investment decisions.
Lyft ($LYFT):
Lyft has seen a remarkable rise in its shares, soaring over 20% in premarket trading. This surge is attributed to a significant increase in rider count and a 16% rise in gross bookings, surpassing analysts' expectations. The company’s positive demand forecast highlights strong growth potential, bolstered by strategic partnerships in the autonomous-vehicle sector. For those watching Lyft in the short-term, keep an eye on upside movements above $17.98 and downside below $17.30.
SolarEdge Technologies ($SEDG):
SolarEdge experienced a rating downgrade from Piper Sandler, now rated from "neutral" to "underweight." This development might cause investors to reconsider their positions, as it suggests potential challenges in market performance or strategy. Investors should closely monitor how SolarEdge navigates these concerns. Key levels to watch are an upside above $14.68 and a downside below $11.41.
Qualcomm ($QCOM):
Qualcomm reported a notable revenue jump, with a 9% year-over-year increase, and shares rose over 8% following an optimistic first-quarter forecast. The company is reaping benefits from a revival in the smartphone market, driven by launches in China, positioning it well to leverage growing demand for its technologies. Keep an eye on short-term movements with an upside above $187.50 and downside below $181.25.
Moderna ($MRNA):
Moderna surprised the market with a third-quarter profit and higher-than-expected COVID-19 vaccine sales, leading to a 10% increase in stock price. This strong performance, alongside strategic cost-cutting, maintains its growth narrative, focused on vaccine innovation. Important levels to watch include an upside above $57.83 and downside below $52.48.
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