Stock Region Newsletter: Watchlist Friday, February 2nd, 2024
Hello Stock Region Readers,
As we close out another week, we've rounded up some stocks that are worth keeping an eye on. Here's why you should be watching these market movers:
$META (Meta Platforms Inc.): META stock has been making waves recently due to its strong earnings report and announcement of its first-ever dividend. The company's Q4 earnings exceeded expectations, sending the stock soaring nearly 9% post-results. The shares received an additional boost as the company's profit tripled and plans for a dividend were unveiled. Keep your eyes on levels above $162.30 and below $153.14.
$AMZN (Amazon.com Inc.): Amazon continues to be a stock to watch given its expansive e-commerce operations and cloud services. JP Morgan maintains an Overweight rating on Amazon.com and has raised the price target to $225. Be vigilant of levels above $171.25 and below $179.00.
$BMY (Bristol-Myers Squibb Co.): As a leading pharmaceutical company, Bristol-Myers Squibb is always worth watching due to the ongoing demand for healthcare solutions. Monitor levels above $49.91 and below $48.87.
$CVX (Chevron Corporation): Chevron, one of the world's leading energy companies, is a stock to watch given fluctuating oil prices and the company's strategic pivots towards renewable energy. Keep an eye on levels above $149.16 and below $147.36.
Remember, while these stocks show potential, the stock market always carries inherent risks. It's crucial to conduct thorough research and consider consulting with financial advisors before making any investment decisions.
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Stay tuned for more updates and have a profitable day!
Best, The Stock Region Team