Stock Region's Watchlist
Watchlist: Wednesday, August 7th, 2024
Stock Region Newsletter
Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered as financial advice. Stock Region does not endorse any of the stocks mentioned. Always conduct your own research or consult a financial advisor before making investment decisions.
Real-time information is available daily at https://stockregion.net
Disney ($DIS)
Earnings Report Release: Disney is set to release its earnings report on Wednesday. Analysts expect revenue to be around $22.24 billion, up from $21.5 billion in the same period last year.
Streaming Subscriber Growth: Disney+ has seen significant subscriber growth, with the platform expected to surpass 150 million subscribers globally by the end of the quarter.
Theme Park Revenue: Theme park revenue reached $7.78 billion last quarter, a 17% increase year-over-year, driven by higher guest spending and increased attendance.
Box Office Performance: Recent releases such as "The Little Mermaid" and "Elemental" have performed well at the box office, contributing to strong media and entertainment segment revenues.
Levels to watch out for short-term: upside above $89.97, and downside below $87.78.
Airbnb ($ABNB)
Travel Industry Recovery: Airbnb reported a 25% increase in bookings compared to the same period last year, reflecting the ongoing recovery in the travel industry.
Revenue Growth: The company saw a 30% year-over-year increase in revenue, reaching approximately $2.5 billion for the quarter.
Adaptation to Market Trends: Airbnb has successfully adapted to market trends such as remote work and longer stays, with long-term stay bookings accounting for 20% of total nights booked.
Premarket Activity: The stock has seen a 2% increase in premarket trading, indicating heightened investor interest and positive sentiment.
Levels to watch out for short-term: upside above $114.09, and downside below $108.85.
Rivian ($RIVN)
Electric Vehicle Market Dynamics: Rivian remains a key player in the EV market, delivering 12,640 vehicles in Q2 2024, a 54% increase from the previous quarter.
Production Scale-Up: The company aims to produce 50,000 vehicles by the end of the year, up from 25,000 in 2023.
Financial Performance: Despite posting a wider quarterly loss of $1.75 per share, Rivian's revenue increased to $1.12 billion, up from $364 million in the same period last year.
Stock Movements: Rivian's stock fell by 6% in the latest trading session but remains a focal point due to its potential for long-term growth in the EV sector.
Levels to watch out for short-term: upside above $13.93, and downside below $13.33.
Amgen ($AMGN)
Q2 Financial Performance: Amgen reported Q2 revenue of $6.99 billion, a 5% increase year-over-year, despite higher operational expenses.
Drug Pipeline Strength: The company's robust drug pipeline includes several promising candidates in late-stage trials, with potential blockbuster drugs like Tezepelumab for severe asthma.
Dividend Stability: Amgen declared a quarterly dividend of $1.94 per share, maintaining its reputation for reliable dividend payouts, which attract income-focused investors.
Healthcare Sector Stability: The healthcare sector's stability makes Amgen a relatively safer bet during times of market uncertainty, with biotech stocks generally showing lower volatility compared to tech or consumer discretionary sectors.
Levels to watch out for short-term: upside above $332.47, and downside below $315.42.
Disclaimer: This newsletter is not an offer or solicitation to buy or sell any securities. All investments involve risk, including the possible loss of principal. The information contained herein is based on sources we believe to be reliable but is not guaranteed as to accuracy or completeness. Always perform your own due diligence before making any investment decisions.
Real-time information is available daily at https://stockregion.net