Stock Region's Watchlist
Watchlist: Friday, March 15th, 2024:
Here's your newsletter for Stock Region: Watchlist: Friday, March 15th, 2024:
Rivian ($RIVN) - Despite a significant drop of around 50% to begin 2024, Rivian's stock has been on the rise recently. Piper Sandler upgraded Rivian shares to a bullish rating, calling the company's new lineup “just so cool.” The electric vehicle (EV) maker is improving its cash management and expanding its product lineup. Despite the challenges, Wall Street experts believe that Rivian's fundamental shape is not bad. Look out for levels above $11.16, and below $10.93.
Micron Technology ($MU) - Micron is one of the leading companies in the semiconductor industry. The demand for semiconductors is increasing rapidly, with growth in industries such as automotive, data center, and gaming. Micron has a strong balance sheet and has been generating consistent free cash flow. It's also benefiting from its cost leadership in DRAM. Keep an eye on levels above $94.50, and below $93.43.
Adobe Systems ($ADBE) - Adobe is a leader in software for content creation and digital marketing. Its subscription-based model provides a steady revenue stream, and its diverse product portfolio continues to attract customers. Adobe's recent quarterly reports have shown strong performance, beating analyst expectations. Watch for levels above $510.00, and below $502.00.
Ulta Beauty ($ULTA) - Ulta Beauty is a leading beauty retailer in the U.S. The company's performance has been strong due to its successful omnichannel strategy, exclusive brand partnerships, and loyalty program. Despite facing supply chain challenges, Ulta's sales have continued to grow. Monitor levels above $529.00, and below $517.00.
As always, investing in stocks carries risk, and it's essential to do thorough research and consider seeking advice from a financial advisor before making any investment decisions.