Stock Region Watchlist
Stock Region Watchlist Newsletter - Tuesday, December 10, 2024.
Stock Region Watchlist Newsletter - Tuesday, December 10, 2024
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Disclaimer: The content in this newsletter is for informational purposes only and does not constitute financial advice. Please conduct your own research or consult with a financial advisor before making any investment decisions.
Oracle ($ORCL)
Oracle’s recent earnings report came in below expectations, causing a sharp drop in the stock price. For opportunistic investors, this dip might offer a chance to buy if they believe in the company’s potential recovery. Analyst opinions on Oracle remain mixed, with some seeing strong prospects for future growth.
Short-term levels to watch:
Upside: $179.80
Downside: $173.61
Alaska Air ($ALK)
Alaska Air has raised its Q4 profit forecast, thanks to robust travel demand and effective pricing strategies. This positive outlook, combined with the company’s 2024 Investor Day, where management will outline strategies and targets, could sway investor sentiment further. Keep an eye on how these developments shape the stock’s performance.
Short-term levels to watch:
Upside: $60.67
Downside: $55.92
MongoDB ($MDB)
MongoDB delivered impressive third-quarter results, surpassing expectations and raising its full-year outlook. However, the stock dipped following the announcement of its CFO’s departure, introducing mixed reactions from investors. MongoDB’s upcoming conference call may shed more light on its future plans, which could drive further movement in the stock’s price.
Short-term levels to watch:
Upside: $350.43
Downside: $316.50
HealthEquity ($HQY)
HealthEquity showed strong performance in Q3, with a 21% boost in revenue and results exceeding expectations. Additionally, the company announced a $300 million stock repurchase program, a move that often supports share prices by reducing the total number of shares available in the market. This action could bode well for investor confidence in the near term.
Short-term levels to watch:
Upside: $94.03
Downside: $93.00
Disclaimer: Stock prices and short-term levels provided are subject to market fluctuations and should not be considered guarantees of future performance.
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