It’s hard to believe Thanksgiving is already upon us—but here we are.
For the markets, this means the usual schedule through Wednesday, a full closure on Thursday, and an early 1 p.m. ET close on Friday.
Holiday trading weeks often bring thinner volumes, which can lead to sharper price swings. That’s why it’s smart to tread a little more carefully right now.
To help you navigate this, we’ve spotlighted five key stocks for the week ahead.
Take a close look—they could be pivotal during this unique trading period.
Dell Technologies (DELL) is capitalizing on its rival SuperMicro Computer's (SMCI) current turmoil by unveiling innovative server products that integrate optimal cooling solutions tailored for NVIDIA's high-performance chips.
The announcement comes just as Dell is poised to release its earnings this Tuesday, with the company showing a positive trajectory in both revenue and earnings, consistently surpassing expectations.
Investors are closely watching Dell's stock behavior, as its 50-day and 200-day moving averages indicate a bullish trend, suggesting growing momentum.
An earnings beat this Tuesday would spark a rally above $150 over the next two weeks and upgrade Dell’s price target to $200.
Chipotle Mexican Grill (CMG) is on the move again and preparing for a breakout higher..
Last quarter’s introduction of new menu items, such as the seasonal brisket and the testing phase of Honey Chicken, alongside pricing adjustments, contributed significantly to recovering the stock price from its lows.
In July, the stock had dipped to $50 after an earnings miss and the announcement that the company’s CEO was leaving. Shares have made a strong recovery since then.
The positive shift gained momentum in early September with favorable coverage from Wall Street analysts and a series of upbeat news releases about the menu enhancements.
Within the last two weeks, Chipotle shares have made a strong move from the $58 price level.
This price currently houses the stock’s 50- and 200-day moving averages, both of which are in strong bullish trends.
Chipotle is set to announce its quarterly earnings after market close this Wednesday, with analysts likely focusing more on insights and projections from the new CEO than the earnings figures themselves.
With a robust long-term bullish trend and a price target of $75, Chipotle's strategic moves appear to be setting the stage for sustained growth.
The AI voice assist development company SoundHound (SOUN) has caught the attention of speculative investors again as shares surged 30% last week.
Last week's rally moved the stock above $7.50, a resistance level on the way to a $10 price target.
Investors shifted back into rally mode after the company beat its earnings target on November 12th.
The company’s earnings of -$0.06 cents per share was a penny better than analyst expectations, but it was the company’s revenue growth that has investors impressed.
SoundHound;s revenue growth of +88% represents the strongest growth that the company has seen. The growth comes as the company has announced a flurry of new contract business over the last two quarters.
Investors also got good news from NVIDIA’s latest 13-F filing. The filing confirmed that NVIDIA maintained its investment in SoundHound. NVIDIA announced that initial investment in February.
Despite a tough summer as the stock dipped 60% from its March highs, SoundHound shares have remained in a long-term bull market trend.
Management’s outlook for the stock and the surge in buying that it will see as shares make their way to $10 give SoundHound an aggressively bullish outlook.
Investors should expect a price target of $12.50 for SoundHound shares.
Right out of the gate, Altria Group (MO) stands out because of its 8.2% dividend yield.
Add the last year’s growth of the common shares of 32.5% and you’ve got an income investor’s dream.
The company is one of the world's largest tobacco producers as well as marketers of tobacco, cigarettes, and medical products in the treatment of illnesses caused by tobacco.
Altria is categorized as a consumer staples company, which makes it attractive for those investors that are expecting a slowdown in the economy over the next few years. The stock is also inflation-resistant as consumer demand for their product is highly inelastic.
Consumer staple companies like Altria, Proctor & Gamble (PG) and Colgate-Palmolive (CL) are considered lower volatile holdings during a recession as demand for their products often remains relatively steady.
Altria stock has been trading in a long-term bull market trend since the beginning of 2024. Before that, the stock spent three years trading in a wide trading range, all the while paying that dividend.
Considered one of the best dividend stocks out there, Altria has a bullish outlook with a potential price target of $65.
Clean energy stocks like Canadian Solar (CSIQ) have been under pressure for the last month following the elections.
President-elect Donald Trump has already made suggestions that tax credits and other incentives for clean energy would be on the chopping block, but the problems are deeper for Canadian Solar.
Canadian Solar’s, fundamentals have been weakening over the last year. The last year’s revenue dropped considerably, last quarter alone registering a drop of 30.8% on a year over year basis.
Earnings per share results have also missed analysts’ expectations three out of the last four quarters.
The results on Canadian Solar’s stock price has been devastating as shares have lost 55% of their value in the last 12 months.
Canadian Solar is set to announce their earnings results on December 5 before the markets open.
Analysts are expecting the company to lose $0.11 per share, the lowest expectations since August of 2021.
Shares are caught in a bearish trend with overhead pressure in place from the stock’s 20- and 50-day moving averages. The stock is also preparing to break below the $11 price in a continued pattern of lower lows and lower highs for the stock.
Barring a tremendous earnings report, Canadian Solar shares are going to see increasing selling pressure in 2025 from the fundamental and political backdrop.
Investors should expect the stock to target $8.00.
