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.
“Ols School” is New School with technology when it comes to IBM.
The AI Service company continues to trade in a strong bullish trend as the rest of the AI technology sector has become restless, that’s because the company has been underestimated.
IBM’s strong history of being a service provider in the technology industry has now been upgraded to the AI Services world, and things are working well for IBM.
The company beat their earnings and revenue estimates a little more than a week ago, but nobody would have known it because investors are so focused on the Magnificent Seven. That’s the kind of growth company you want, the underestimated winner.
It may be a little too early to celebrate the Fed’s potential “Soft Landing”, but consumers at all levels appear to be growing more comfortable about the economic outlook.
That means a return to more discretionary spending, which is good for American Express (AXP) shares.
Sure, the news is good for most credit card companies and banks, but American Express has been a standout in the industry from a price and business perspective.
AXP’s management continues to manage industry risks by focusing on a higher-end member, resulting in lower charge-offs and higher revenue from membership fees.
On Friday, American Express shares rallied more than 3%, breaking the stock out of its recent trading range. The move higher also sparked a bullish “Volatility Rally” for the shares.
With American Express’ earnings report due on October 18, meaning that investors are likely to “buy the news” ahead of the report.
This has the possibility to set American Express shares up for a short “sell the news” pullback after earnings. That said, any short-term weakness in the stock would likely be seen as an opportunity for traders to buy the dip ahead of another rally higher.
American Express shares are in a long-term bull market trend with a target price of $350.
Archer Aviation Inc. (ACHR) shares are flying higher as the company has now made its way onto Wall Street’s radar screen.
Archer is a developmental company in the electric vertical takeoff and landing (eVTOL) industry.
These innovative vehicles are designed to revolutionize urban air mobility, offering a sustainable and efficient transportation alternative. The company’s approach combines advanced aeronautics with cutting-edge electric propulsion technologies.
Archer’s goal is to reduce urban congestion and contribute to environmental sustainability with both private and commercial vehicles.
Just over a month ago, The FAA issued its final rules on the classification of "powered-lift" vehicles, including electric vertical takeoff and landing (eVTOL) aircraft like those developed by Archer Aviation, on October 22, 2024.
That designation by the FAA instantly put shares of Archer on Wall Street’s radar screen as potentially being the next Tesla.
Since then, Archer has become the target of speculators, driving the stock into a parabolic rally.
Adding to the volatile move was the announcement that Cathie Wood’s ARK Innovation fund had sold positions in Telsa and bought shares of Archer Aviation.
Shares of Archer are trading just below $10 and likely to break through that psychologically significant level this week.
Stocks that move above $10 often see a sharp increase in institutional activity as a number of institutions and mutual funds are restricted from buying shares under the $10 price.
Investors should continue this rally on Arch Aviation to continue, targeting a move to $20.
Two things are driving the performance of Altria shares, the economy and its yield.
Altria, like many other consumer staple companies, is starting to attract investors for its “safe harbor” qualities. Historically, shares of Altria, Proctor & Gamble and other “necessary” stocks show strong performance as the economy slows.
From a yield perspective, Altria’s 7.9% dividend yield is an attractive growth/income alternative as investors look for alternatives to high yielding money market and savings accounts before the Fed starts dropping rates.
Added to the yield is the fact that MO shares are trading 32% higher for the year while they break to new all-time highs and Altria is a fine income portfolio candidate.
103 S&P 500 companies are now officially trading in a long-term bear market trend. Uber appears to be heading towards that list.
Uber (UBER) shares have seen increased volatility over the last three weeks as the company has seen a flurry of headlines.
While most of the headlines have been light news that had little effect on the stock, Friday’s news took shares almost 10% lower.
On Friday, Google (GOOGL) announced that the company would expand its Waymo One service into Miami. The move puts additional competitive pressure on Uber’s ride sharing business.
Uber shares also dropped heavily following the November elections as investors speculate that Tesla’s Robotaxi business will see faster approval.
Uber’s stock is now trading 23% lower than its October highs. The stock surged to those highs following the company’s last earnings report. That report highlighted an increase in the number of trips made, and better-than-expected revenue results.
The precipitous decline in shares has shifted the intermediate technical outlook for Uber shares to a bearish outlook.
Investor’s should expect share of Uber to target $55.
