Stock Region's Watchlist
Newsletter: Watchlist for Friday, May 24th, 2024
Stock Region Newsletter: Watchlist for Friday, May 24th, 2024
Stocks to Watch This Week: Ross Stores, Intuit, Workday, and Guardant Health
Ross Stores (NASDAQ: $ROST)
Strong Q1 Performance: Ross Stores has reported better-than-expected first-quarter earnings, surpassing consensus estimates.
Raised Full-Year Guidance: The company has raised its full-year earnings forecast, bolstering investor confidence.
Stock Surge: Following the positive earnings report and guidance, Ross Stores' stock rose by 6%. Key levels to watch:
Upside: Above $141.50
Downside: Below $140.30
Intuit (NASDAQ: $INTU)
Q3 Earnings Beat: Intuit's third-quarter earnings exceeded analyst expectations, indicating strong financial health.
Positive Outlook: The company has provided an optimistic outlook for the rest of the fiscal year, boosting investor sentiment.
Growth in Core Products: Continued growth in core products like TurboTax, QuickBooks, and Mint, which remain market leaders. Key levels to watch:
Upside: Above $625.75
Downside: Below $621.00
Workday (NASDAQ: $WDAY)
Solid Financial Results: Workday reported robust quarterly financial results, surpassing revenue and earnings estimates.
Future Growth Potential: The company’s subscription revenue is expected to continue growing, driven by new customer acquisitions and renewals.
Strategic Investments: Ongoing investments in product innovation and customer success are likely to sustain long-term growth. Key levels to watch:
Upside: Above $233.77
Downside: Below $228.25
Guardant Health (NASDAQ: $GH)
Innovation in Healthcare: Guardant Health is at the forefront of liquid biopsy technology for cancer diagnostics, a rapidly growing sector.
Market Expansion: The company is expanding its presence in both the oncology market and early cancer detection space.
Positive Analyst Ratings: Recent positive ratings from analysts suggest confidence in the company’s growth trajectory. Key levels to watch:
Upside: Above $27.55
Downside: Below $23.13
Stay tuned for more updates and happy investing!
Disclaimer: The information provided in this newsletter is for informational purposes only and does not constitute financial advice or an endorsement of any particular investment strategy. The stock market carries inherent risks, and past performance is not indicative of future results. Before making any investment decisions, we strongly recommend consulting with a qualified financial advisor who can tailor advice to your specific circumstances. We do not guarantee the accuracy or completeness of the data presented, and we are not liable for any losses or damages arising from the use of this information. Remember, investing in stocks involves risks, including the potential loss of principal. Always conduct your own research and due diligence before investing in any securities.