Stock Region Newsletter: Your Thursday Watchlist, March 14th, 2024
Hello Stock Region Readers,
Here are three stocks that we're keeping a close eye on this week:
1. Citigroup ($C): Citigroup has been making waves in the investment world lately. Trading below its tangible book value, it offers an opportunity for growth. Furthermore, the bank offers an attractive dividend with a robust yield. Top analysts, including Mike Mayo from Wells Fargo, have expressed optimism about Citigroup, predicting a potential doubling of shares over the next three years due to ongoing restructuring. Keep an eye out for levels above $59.19 and below $57.65.
2. Under Armour ($UA): Under Armour continues to lead innovation in the athletic apparel industry. The company's strong brand, constant innovation, and international expansion make it an interesting prospect. The stock has shown strong recovery post-pandemic, propelled by strategic initiatives like streamlining operations and enhancing direct-to-consumer sales. Watch for levels above $7.56 and below $7.16.
3. MicroStrategy ($MSTR): MicroStrategy has recently attracted attention due to its substantial Bitcoin investment, transforming it into a quasi-proxy for the cryptocurrency. As Bitcoin prices have soared, so too has MSTR's stock. This bold move into digital assets could set it up well for future growth if cryptocurrencies continue to gain acceptance. Beyond its cryptocurrency investments, MicroStrategy is a respected provider of business intelligence, mobile software, and cloud-based services. Keep an eye on levels above $1,766.15 and below $1,642.34.
Remember, while these stocks show promise based on recent news and performance, investing in the stock market always carries risk. It's crucial to do comprehensive research and consider seeking advice from financial advisors before making any investment decisions.
Stay tuned to our upcoming newsletters for more watchlists, analysis, and investment advice!
Best, The Stock Region Team
Investing in the stock market involves risk and potential loss of principal, please consult with a financial advisor before investing.