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.
Continued developments in the cybersecurity space have put a focus on F5 Network’s network security products.
Since the failure of several Crowdstrike systems over the summer, F5 Networks has announced the development of their robust application security and delivery capabilities to AI deployments powered by Intel.
This new joint solution combines industry-leading security and traffic management from F5's NGINX Plus offering with the cutting-edge optimization and performance of the Intel Distribution of OpenVINO toolkit and Infrastructure Processing Units to deliver superior protection, scalability, and performance for advanced AI inference.
The company’s third quarter earnings results handily beat analyst expectation and the company raised its guidance for the fourth quarter. That move kicked-off a rally that has taken F5 Networks to new highs.
Shares of F5 trading in one of the strongest trends among its industry peers as the stock’s 50- and 200-day moving averages maintain strong bullish trends.
The company is set to report its next earnings results in late-January with a target price of $300.
Costco delivered another positive earnings report at Wall Street’s steps last week.
The company reported better-than-expected earnings results and maintained its positive outlook as consumers continue to increase spending at the warehouse retail outlets.
In Early 2024, Costco’s (COST) price temporarily weakened as questions on how resilient the consumer would remain through 2024 -and- the odds of a recession taking hold of the economy were on the rise. Those fears have declined as interest rates and inflation are on the decline.
Consumers have regained their confidence in the economy but have continued to shop at Costco as an inflation “hedge” heading into 2025.
Costco has been one of the better executors in the retail industry for the last two years as their bulk pricing has allowed consumers one means to fight inflation.
Costco stock is now preparing to break above $1,000 as the stock’s momentum is turning more positive.
Watch for Costco stock to cross $1,000 on its way to $1,200 in 2025.
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.
Regional bank stocks have been on the rise since investors started preparing for the first of the Fed’s interest rate cuts in years during the summer. This week, Jerome Powell and the FOMC will lower rates another 0.25% at their last meeting of the year. The lowered rated will benefit mid-market lenders like Fifth Third.
The regional bank landscape has changed dramatically over the last six months as investors have identified it as one of the strongest beneficiaries of lower interest rates. What had been a sector preparing for historic defaults on loans, due to high interest rates, has become a recovery story.
Fifth-Third shares have been one of the leaders of the regional banks, returning 30% over the last six months compared to 14% from the regional bank ETF (KRE).
Shares of Fifth Third are in the process of finding support at their 50-day moving average which is in a bullish trend.
Shares of Fifth Third are preparing to make an advance above $50, which would put the stock above all-time high prices.
Shares of ride-sharing company Lyft (LYFT) encountered heavy selling more than a week ago following headlines from General Motors (GM).
On Wednesday, GM announced that the company would be shuddering its robotaxi development plans. GM cited high costs and rising competition, raising concerns that development costs for much smaller LYFT will also become problematic.
Uber (UBER), another ride-sharing company saw far less selling pressure as investors speculate that it’s better equipped to absorb costs and compete more effectively.
At the time, Lyft’s decline was halted by two technical features. Both have given way to further declines, lowering the target price for Lyft.
The stock had found support at $15, which is considered a round-numbered support level. This is also the price that Lyft shares surged through after its latest earnings report.
Lyft’s 50-day moving average also provided support for the stock. That trendline currently resides at the $15.15 price level. Both of these key technical prices have given way and Lyft shares have broken through an additional technical trendline.
On Friday, the stock snapped support at its 200-day moving average. The weakness of this technical creak will target lower prices for Lyft over the next 4-6 weeks.
Investors should be aware of that risk and move forward carefully as the stock has a short-term (4-6 week) target of $12.00.
