Stock Region Watchlist
Stock Region Newsletter - Watchlist: Thursday, November 14th, 2024.
Stock Region Newsletter - Watchlist: Thursday, November 14th, 2024
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Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult with a financial advisor before making any investment decisions.
Disney ($DIS)
Disney has delivered an impressive fiscal fourth-quarter performance, surpassing analyst expectations with revenue reaching $22.6 billion. The company's streaming segment has turned profitable, fueling optimism, alongside successful box office hits like "Deadpool & Wolverine" boosting its entertainment revenues. With investor confidence riding high, Disney's stock has seen significant gains. Keep an eye on short-term movement, with potential upside above $112.71 and downside below $103.00.
Cisco ($CSCO)
Cisco has topped earnings forecasts, driven by its growth in AI-related networking solutions. Despite the positive earnings, the stock has experienced a slight pullback, which may present a strategic entry point for long-term investors. The company has also raised its annual revenue forecast, underscoring its bullish outlook on future performance. Watch for short-term levels with upside potential above $59.19 and downside risks below $56.05.
ASML ($ASML)
ASML's stock has risen following the confirmation of its long-term targets, navigating challenges in the chip market to maintain investor confidence. The chip-equipment maker's robust outlook for 2030 continues to make it an attractive prospect for investors. Monitor short-term levels with an upside above $701.70 and a downside below $693.70.
Tapestry ($TPR)
Tapestry has made headlines by terminating its merger with Capri Holdings and unveiling a $2 billion share repurchase program, which has been well-received by the market. This strategic shift towards organic growth and maintaining its dividend positions Tapestry favorably among investors. Short-term levels to watch include an upside above $56.15 and downside below $51.26.
Disclaimer: Investing in stocks involves risks, including the loss of principal. Past performance is not indicative of future results. Always ensure your investments align with your individual risk tolerance and financial goals.
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