Five Stocks Watchlist: Apple, Costco, Gannett, Cincinnati Financial, and American Airlines

Each week we’ll bring you five stocks that are on our radar

In the fast-paced world of investing, staying ahead requires good ideas and timely decisions. This article highlights five stocks worth watching each week for their robust performance, market trends, and growth potential. Discover the stocks that could enhance your portfolio and navigate market fluctuations with confidence.

Technology Stock of the Week: Apple Inc. (AAPL)

Apple is back, at least that’s what investors are expressing.

After more than a year of following in the AI discussion, Apple’s new AI initiatives and products have regained the attention of investors.

The company’s World Wide Developers Conference finally displayed innovations in Apple products that look to reinvigorate product cycle sales in the second half of 2024.  As a result, the stock has shifted into a bullish trend for the first time since March 2023.

 

Growth Stock of the Week: Costco (COST)

The retail industry is turning into a battleground as retailers are fighting to get budget-minded shoppers in their stores, and Costco is winning.

Costco continues to dominate in the “Bulkenomics” space as shoppers are using every method they can to save money.

Costco’s membership rose almost 14% in 2023 and the company continues to forecast higher membership numbers and sales for 2024.

 

Stock Under $10 of the Week: Gannett Co. (GCI)

It’s a little-known secret that media companies like Gannett perform especially well in election years, but it makes sense.

Gannett, owner of USA Today and other media outlets, benefits from increased readership and advertising as we approach the general elections in November.

The stock entered a new bull market trend in May with a 4–6-month target of $7.00.

 

 

 

Income Stock of the Week: Cincinnati Financial (CINF)

Insurance companies have spent the last few years managing higher interest rates and the portfolio risks that come with them.  The Fed’s eventual shift to dropping rates will benefit Cincinnati Financial and other insurers.

Cincinnati Financial’s current yield of 2.8% is a little lower than what you may find with an income Exchange Traded Fund or other companies, but the stock’s one-year growth of 25% almost doubles the returns of other income investments.

 

Bearish Stock of the Week: American Airlines (AAL)

The consumer is becoming a larger story as companies brace for lower discretionary spending in the second half of 2024.  Travel and leisure companies like American Airlines (AAL) and Winnebago (WGO) are already seeing a slowdown in their second half business.

Shares of American Airlines entered a new long-term bear market trend in May as the stock moved back below $15 with a target of $10.