Stock Region's Watchlist
Stock Region's Watchlist
Watchlist: Monday, June 10th, 2024.
Stock Region Watchlist: Monday, June 10th, 2024
Welcome to this week's edition of the Stock Region Watchlist. We're highlighting four stocks that have caught our attention due to notable movements and potential growth opportunities. Here's why we're keeping an eye on DraftKings (DKNG), Carvana (CVNA), Southwest Airlines (LUV), and Planet Fitness (PLNT) this week.
Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
DraftKings ($DKNG)
DraftKings is making significant moves in the premarket, indicating heightened investor interest. As a major player in the online sports betting and gambling sector, DraftKings benefits from seasonal sports events and growing legalization trends across the U.S.
Levels to Watch:
Upside Potential: Above $37.69
Downside Risk: Below $37.37
Carvana ($CVNA)
Carvana's substantial presence in internet commerce and the retail-wholesale sector continues to drive its stock performance. Shares have shown resilience and potential for recovery, making it attractive for investors looking for turnaround stories.
Levels to Watch:
Upside Potential: Above $110.30
Downside Risk: Below $106.56
Southwest Airlines ($LUV)
Southwest Airlines is often highlighted as an undervalued stock in the transportation sector, providing opportunities for investors to capitalize on its growth potential. Known for its cost-efficient operations and strong domestic network, Southwest Airlines is well-positioned for growth as travel demand increases.
Levels to Watch:
Upside Potential: Above $30.00
Downside Risk: Below $28.90
Planet Fitness ($PLNT)
The company's strategy to increase sales through changes in membership fees has caught investor attention. Planet Fitness reported an 8% increase in same-store sales, driven by a rising membership pool and the addition of new gym locations. Despite some fluctuations, the overall positive performance in rising memberships and expansion plans makes Planet Fitness a stock to watch.
Levels to Watch:
Upside Potential: Above $72.38
Downside Risk: Below $68.10
Stay tuned to Stock Region for more updates and insights on market trends. Happy investing!
Best regards,
The Stock Region Team
Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.