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.
Cisco (CSCO) shares have been displaying relative strength against the broad Nasdaq 100 Index over the last three months as the stock prepares to break to a new high territory.
The networking company has spent the last decade growing and contracting by way of acquisitions, but the networking company appears ripe to benefit from networking growth from AI.
The company has been investing heavily in AI developments while announcing cost-cutting measures.
In August, the networking company – which found its leadership during the .com revolution – announced the cutback of 7% of its workforce.
The move, while painful, was made to focus on improving Cisco’s margins after substantial investments in growing their AI business.
Shares of Cisco are preparing to move above the wide trading range that has held shares for the last two years.
A move above $60 will complete that breakout and target an additional 25% upside potential as the stock targets $75.
After seeing a short 8% pullback in its price, Chipotle Mexican Grill (CMG) is 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 to the $67 price level. Shares then pulled back in a healthy correction to their 50-day moving average.
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.
Better read quickly since this stock is likely to shoot back above $10 this week.
A handful of companies have stormed into the market over the last week as investors embrace quantum computing as the next frontier for technology.
Rigetti Computing (RGTI) develops quantum computers and software to solve complex problems faster than traditional computers.
Rigetti’s quantum processors, powered by qubits, are used in industries like finance, healthcare, and aerospace. Rigetti also offers a cloud platform and tools for developers to build and run quantum algorithms.
Shares of Rigetti stock were trading below $2 in the beginning of November. Today, the shares are priced at $9.37. Last week, the stock struck new highs of almost $13 before dropping more than 45% to support at $7.
Investors quickly started buying the exaggerated dip, currently driving the price back towards a break above $10.
Rigetti is clearly a speculative play as investors should consider the company still in its development phase. Keep in mind that quantum computing is still more than 5-10 years away from being a daily reality, so speculation is a light way to describe the investing activity.
Watch for the next break above $10 to trigger another wave of speculative activity that should target $20 for Rigetti shares.
Shares of Altria Group (MO) are sitting at what may be a great buying opportunity.
Over the last three week, the stock has dropped from its highs to support at the stock’s 50-day moving average. The pullback qualifies as a “healthy correction” for this popular dividend yielder.
shares of Altria Group (MO) stand 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 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.
Despite Warren Buffet’s purchase of more Occidental Petroleum (OXY) last week, Oil and energy stocks continue to build on their weak trends.
Last week shares of XOM dropped through their $110 price after declining from the stock’s 200-day moving average. Some of the bearish backdrop for oil stocks includes reports from OPEC forecasting continued weakening demand in China.
The stock’s 50-day moving average just shifted into a bearish pattern and is preparing to form a “Death Cross”. That patter would forecast another 4-6 months of pressure on Exxon Mobile stock.
A break of the $105 price level for XOM shares will accelerate prices quickly to a test at $100. From there, investors should expect XOM shares to drop towards $85 as oil prices continue their decline under the new White House Administration
Investors holding the stock may want to consider hedging positions for this weakness or initiating stop-limit measures to minimize losses.
