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.
Shares of Amazon.com have started to emerge as leadership in the Nasdaq 100.
While shares of Microsoft, Apple and the other Mag Seven stocks have slipped into short-term bearish corrections, Amazone stock has fared well with shares holding technical support at their 50-day with relatively heavy trading volume.
Despite last quarter’s lowering of revenue guidance, The Street has maintained its bullish outlook on Amazon stock following the company’s earnings and revenue beat in January. Amazon’s revenue reflected 10% growth over 2024 as the company’s cloud business continues to benefit from AI data center business.
Shares are trading at their 50-day moving average this week. That bullish trendline is in position to provide support for Amazon at $230.
Delta Airlines is once again proving itself to be the top investment in the airline sector.
Shares of Delta are trading near their all-time highs as they hover below $70 as the company is benefiting from recent shifts in their travel routes and cost-cutting measures.
During 2024, Delta made slight changes to some of their routes to create efficiencies that are starting to pay off as the company along with the rest of the industry is beginning to deal with higher fuel costs.
Last quarter’s earnings garnered results for those efforts as earnings per share returned to profitability with the company’s earnings of $0.09 per share. Delta’s revenue growth for the fourth quarter came in at 9.4%, much stronger than the rest of the industry and its best growth since October 2023.
Shares of Delta are trading 60% higher over the last year as the company has benefitted from its position in the industry and cost-cutting measures.
The stock has consolidated since its latest earnings report with $70 acting as overhead resistance. This price will act as the catalyst for Delta’s next 10-15% move higher.
Over the short term, investors will want to eye the $64 level as technical support at the bottom of Delta’s range. This price represents the stock’s 50-day moving average, which is in a bullish trend.
A break below Delta’s 50-day trendline would be supported by the $60 level, which will turn into the stock’s closest “buy the dip” price.
Delta Airlines stock remains in a bull market trend with a price target of $80.00
Gold prices look to be taking a break from their aggressive rally, meaning that a few buying opportunities among the mining companies may present themselves.
Gold has been on a strong bullish move since November as investors are trying to position themselves for further uncertainty and the likelihood that inflation may return as a force in 2025.
Last week’s inflation data reflected higher inflation, but not as much as investors had feared, resulting in a short pullback in Gold and the gold miners.
Shares of Kinross Gold (KGC) have seen a 22% rally since the last time we highlighted them as a stock to own in early January.
Last week’s relief selling of gold resulted in an 8% pullback to Kinross’ 20-day moving average. That trendline is known as the “trader’s Trendline” as short-term investors tend to use the trendline as a trigger to buy a bullish stock.
Friday’s close had Kinross shares sitting directly on that short-term support, indicating that the stock is likely to see buying return the following week. A break below could see shares of Kinross test the $11 price level as round-numbered support.
Shares of Coca-Cola shot back into an intermediate-term bull market trend last week following the company’s positive earnings results.
Shares of the consumer product giant had been trading in a wide range for the last three months as the stock ground out a long-term trading bottom at $62.50. That changed last week when the company’s earnings and outlook impressed The Street, breaking shares of KO into their newest intermediate-term bull market trend.
The stock crossed above its 200-day moving average while Coca-Cola stock saw its 50-day moving average shift into a bullish trend. The combination of positive price momentum was more than enough to break the stock into a new bullish trend.
With their dividend yield of 2.8% and year-to-date growth of 10.6%, Coca-Cola shares are quickly set to attract a class of growth and income investors that will continue to drive the stock price higher.
Shares of Coca-Cola remain in a long-term bull market trend with a price target of $85.
Align Technology shares are preparing to break below significant technical support.
Shares of the medical supply company known best for its tooth alignment products have been trading in a long-term bear market trend since January 2022. Since August 2024, shares have been trying to avoid breaking below $200 as they traded in a wide range.
Last week, shares snapped through support at $210 as investors increased the pace at which they were selling shares of Align.
The sales came in the wake of Align’s latest earnings results which missed on both the top and bottom line numbers.
Align Technologies shares are now faced with breaking below the psychologically significant $200 level as the stock’s negative momentum – as indicated by its 20- and 50-day moving averages accelerating their decline – indicates a deeper correction for shares over the next three months.
Long-term investors in Align are likely to continue in closing position as the stock shifts below $200, increasing selling pressure on the stock.
Align’s stock maintains a long-term bearish trend with a price target of $150.
