Stock Region: Watchlist Monday, February 5th, 2024
Hello Investors,
We hope you're ready to conquer the markets this week! As always, we've been scouring the financial landscape and have selected some stocks that should be on your radar. Let's dive in:
Estée Lauder ($EL): The beauty giant's shares are blooming following their announcement of a restructuring plan, which includes a workforce cut of up to 5%. Despite a decrease in net sales, they reported a robust fiscal second-quarter profit of $313 million, exceeding expectations. Plus, with a declared quarterly dividend of $.66 per share, Estée Lauder is showing its financial strength. Keep an eye out for levels above $160.00, and below $152.90.
Nvidia ($NVDA): This tech titan is a dominant force in the GPU market for gaming and professional sectors, and SoCs for mobile computing and automotive. Nvidia's constant innovations make it a stock worth watching. Levels to watch out for are above $684.00, and below $678.00.
McDonald’s ($MCD): The golden arches continue to reign supreme in the fast-food industry. McDonald's consistent performance, powerful brand recognition, and ongoing expansion into new markets make it a captivating stock to follow. Keep an eye out for levels above $296.51, and below $292.72.
Caterpillar ($CAT): As the world's largest construction equipment manufacturer, Caterpillar stands to benefit from potential infrastructure projects and increased construction activity. Watch out for levels above $333.21, and below $326.80.
Remember, while these stocks present compelling narratives based on current trends, it's crucial to conduct your own research and consider your investment objectives before making any investment decisions.
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Here's to a prosperous week ahead!
Best, The Stock Region Team
Disclaimer: This newsletter is for informational purposes only and is not intended as investment advice. Please conduct your own thorough research before making any investment decisions.