Stock Region: Watchlist: Tuesday, March 12th, 2024:
Welcome to your Tuesday Watchlist! Let's dive into the stocks making significant moves in the market today.
Oracle Corporation ($ORCL): Oracle has been in the spotlight following its fiscal third-quarter earnings report which exceeded expectations. The software giant's stock jumped in late Monday trading due to a surge in demand for AI and cloud computing services. The company's shares soared by 13% on better-than-expected quarterly earnings. The stock is currently trading around $128.10. With Oracle's stock price target raised to $145 by TD Cowen on strong cloud growth, it is undervalued and an attractive investment opportunity. Watch out for levels above $130.73, and below $126.32.
Kohl's Corporation ($KSS): Although there is no specific news about Kohl's today, its inclusion in the list suggests that it might be making significant moves in the market. Keep an eye on levels above $28.00, and below $26.66.
Coinbase Global Inc ($COIN): Coinbase is a leading cryptocurrency exchange and its stock is worth watching due to the volatility and high interest in the crypto market. Despite the absence of any specific news, its position in the cryptocurrency sector makes it a key player to observe. Look out for levels above $262.00, and below $255.40.
Southwest Airlines Co. ($LUV): Southwest Airlines stock dropped more than 6.7% in premarket trading after the company announced it will cut capacity and adjust its operations. This significant move can create potential opportunities for investors to buy the stock at a lower price and sell it when the price recovers. Watch out for levels above $31.35, and below $31.06.
Remember, investing in stocks always comes with risks. It's crucial to do your research and consider your financial situation and investment goals before making any decisions. Stay tuned for more updates!