Stock Region's Watchlist
Stock Region's Watchlist
Watchlist: Thursday, August 8th, 2024.
Stock Region Watchlist: Thursday, August 8th, 2024
Disclaimer: The following information is for educational purposes only and should not be taken as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
Real-time information is available daily at https://stockregion.net
🔍 Eli Lilly ($LLY)
Eli Lilly has raised its annual sales forecast by $3 billion, driven by the unexpected high demand for its weight-loss drugs, Zepbound and Mounjaro. This surge in demand highlights a growing market trend towards weight management solutions, positioning Eli Lilly as a leader in this space. Their strong financial performance and increased guidance suggest robust future growth potential.
Levels to watch for short-term:
Upside: Above $878.29
Downside: Below $844.96
🔍 Under Armour ($UAA)
Beyond the surprise profit, Under Armour's restructuring efforts are showing tangible progress, which could lead to long-term operational efficiencies and market competitiveness. The company's focus on reducing inventory and improving its supply chain might not only boost short-term profits but also enhance its brand reputation and customer loyalty in the long run.
Levels to watch for short-term:
Upside: Above $7.23
Downside: Below $7.00
🔍 Warner Bros Discovery ($WBD)
Despite the recent $9.1 billion write-down, this move could be part of a strategic realignment to focus on more profitable segments. The write-down might allow Warner Bros Discovery to streamline its operations and invest in high-growth areas like streaming services, potentially setting the stage for a turnaround. Watching how the company navigates these challenges could reveal new opportunities for growth and innovation.
Levels to watch for short-term:
Upside: Above $6.99
Downside: Below $6.70
Disclaimer: Investing in stocks involves risks, including the loss of principal. The information provided in this newsletter is based on current market conditions and opinions, which may change without notice. Stock Region does not guarantee the accuracy or completeness of the information provided.
Real-time information is available daily at https://stockregion.net