Stock Region's Watchlist
Watchlist: Tuesday, May 21st, 2024
Stock Region Watchlist: Tuesday, May 21st, 2024
Reasons to Watch Macy’s, Lowe’s, Peloton, and Zoom Stocks This Week:
1. Macy’s ($M)
Strong Earnings: Macy’s posted better-than-expected earnings, indicating strong consumer spending and effective cost management strategies.
Positive Market Reaction: The stock has shown upward movement premarket, reflecting investor confidence following the earnings report.
Levels to watch out for: Upside above $19.89, and downside below $19.60.
2. Lowe’s ($LOW)
Better-Than-Expected Performance: Like Macy’s, Lowe's also reported earnings that surpassed market expectations, highlighting robust consumer demand for home improvement products.
Premarket Gains: Lowe's shares have risen in premarket trading, suggesting positive sentiment among investors.
Levels to watch out for: Upside above $238.50, and downside below $229.35.
3. Peloton ($PTON)
Investor Sentiment: Although Peloton shares fell 4% premarket, this drop makes it a stock to watch as it may present buying opportunities depending on market reactions and future company announcements.
Levels to watch out for: Upside above $3.93, and downside below $3.63.
4. Zoom Video ($ZM)
Cautious Outlook: Zoom unveiled a broadly cautious outlook, leading to a 2.9% drop in its stock price. This can attract investor attention to see how the company plans to navigate post-pandemic market conditions.
Market Movement: The volatility in Zoom's stock makes it one to monitor closely for potential rebounds or further declines based on upcoming news and performance metrics.
Levels to watch out for: Upside above $63.85, and downside below $62.15.
Disclaimer: This newsletter is for informational purposes only and does not constitute financial advice. Investing in stocks involves risk, and you should perform your own research or consult with a financial advisor before making investment decisions.
