MarketBeat Review of the Week: 1/22 – 1/26

Markets continued to push towards new all-time highs as the latest GDP and inflation data both showed a resilient economy. Consumer spending increased during the holiday season, but inflation has continued to trend lower, although it is still above the Federal Reserve’s preferred target of 2%.

Looking at individual stocks, Netflix was a big winner after posting impressive profits. On the other hand, Tesla Inc. NASDAQ:TSLA shares continue to fall after missing expectations on both top and bottom lines.

Earnings season will be in full swing next week, with many big names in tech reporting. Lower or cautious driving could easily pour cold water on this rally. You will also want to pay attention to the ratio of United Parcel Service Inc. NYSE:UPS to see what it has to say about consumer health.

The MarketBeat team will cover these and other stories that impact your money. Here are some of the biggest stories covered by the MarketBeat team this week.

Articles by Jea Yu

Many analysts are bullish on biotech stocks in 2024. If so, it could be due to the promise of gene editing. This week, Jea Yu wrote two articles that helped investors understand the possibilities of this rapidly evolving industry.

Yu provides two gene editing stocks for speculative investors looking for watchlist stocks that aren’t yet generating revenue but could do so in 2024.

Yu also wrote about the opportunity Sarepta Therapeutics Inc. NASDAQ:SRPT. The company already has a product on the market and is pursuing an expanded label that will increase the company’s addressable market.

Yu also wrote about the state of CAVA Group Inc. NYSE: QUARRY before reporting earnings next week. The company’s stock has rallied strongly over the past three months as it continues to show strong revenue growth and stands to benefit from the era of personalization.

Articles by Thomas Hughes

One of the biggest bullish moves of the week has arrived Netflix Inc. NASDAQ: NFLX. The streaming giant has reported successful earnings demonstrating leverage in the industry. Thomas Hughes broke down the highlights of the report and showed investors where NFLX stock could go.

High-yield dividend stocks may seem attractive if you’re looking for a less volatile option in 2024. But that’s only if the stock has real value and not a value trap. This week, Hughes breaks it down Verizon Communications Inc. New York Stock Exchange: VZ AND AT&T Inc. NYSE:T and explain why you should like and avoid the other.

Sticking with the theme of high-yield dividend stocks with companies outside the telecommunications sector, Hughes offers three consumer staples stocks that offer an attractive total return in 2024.

Articles by Sam Quirke

Big tech stocks are set to report earnings next week, but Sam Quirke gave investors a preview of what to expect from many of these big stocks.

With regard to Meta Platform Inc. NASDAQ: METAQuirke gives three reasons why the stock is likely to rise.

Microsoft Corporation NASDAQ:MSFT it surpassed the price of $400 per share this week. But as Quirke writes, far from being bubbly, MSFT stock earnings may still have room to climb. Speaking of stocks hitting new highs, you’ll want to read what Quirke writes about The Apple company. NASDAQ:AAPL.

The energy sector is another promising area in 2024. Quirke wrote about three energy stocks with new analyst updates that investors should have on their radar.

Articles by Chris Markoch

The spot price of uranium recently hit a 16-year high. This week, Chris Markoch tells you three uranium stocks to buy to take advantage of what is likely to be the start of a long rally, as demand is expected to outstrip supply for several years.

Markoch also wrote about the findings of GE NYSE:GE and why investors should use any decline as an opportunity to buy shares of the company before it spins off its power generation business, GE Vernova, in the second quarter of 2024.

Articles by Kate Stalter

Many investors take a more risk-taking approach when the market reaches record highs. This means finding growth stocks at attractive prices. This week, Kate Stalter explains the chart action that could push these five growth stocks higher in the coming months.

Less risk-averse investors may also want to look at undervalued stocks from a fundamental perspective. This week, Stalter highlights three undervalued stocks trading at a low multiple to their earnings expectations.

Palantir Technologies Inc. NYSE:PLTR remains a polarizing title. If you already have a position or are thinking about getting involved, you’ll want to read Stalter’s take on the doubts surrounding Palantir and why his upcoming earnings will show whether the company continues to silence his doubters.

Articles by Ryan Hasson

If you’re looking for tech stocks beyond Magnificent Seven stocks, Ryan Hasson wrote about two stocks with strong momentum that are headed toward earnings. Hasson writes about the recent breakthrough with Supermicrocomputer NASDAQ:SMCI after the company pre-announced revenue for its upcoming second-quarter earnings.

Hasson also explained the bullish technical momentum Snowflake Inc. NYSE: SNOW stocks up in the last three months. It also analyzes why the best could come for the data analytics company.

Hasson also highlighted several stocks with high short interest that have risen and explained why high short interest means there could be a secondary squeeze in these three highly shorted stocks.

Articles by Gabriel Osorio-Mazilli

The steel sector will benefit from rate cuts that would reduce the cost of capital for businesses. This week, Gabriel Osorio-Mazilli writes about three steel stocks that investors should keep on their watch list if there is a recovery in manufacturing and industrial stocks.

Osorio-Mazilli also wrote about the preferred purchase with Alibaba Group Holding Limited NYSE: CHILD. Chinese stocks have been beaten lower, but there could be a move of money and BABA could be one of the winners if that happens.

Economic data this week shows Wall Street believes the economy is stronger than expected. However, it doesn’t seem that way on Main Street. Osorio-Mazilli offers three defensive stocks for investors who want to hedge their bets on a rally in growth stocks.

Articles by MarketBeat staff

Dividends, dividends, dividends. This was on the minds of the MarketBeat staff, who gave investors two different ideas for investors. If you’re a fan of consumer cyclical stocks, the staff offers three well-known consumer stocks that have a dividend yield above 5%.

If you are looking for reliable dividend stocks poised to deliver upward share price growth, you should check out this article highlighting three large-cap stocks with high dividend yields and trading near 52-week lows.

And sports betting remains one of the best sectors for investors.

This week, staff wrote about the increase Flutter Entertainment plc OTCMKTS: PDYPY as it prepares to list on the New York Stock Exchange (NYSE), which could happen as early as next week.

Before you consider Tesla, you’ll want to hear this.

MarketBeat tracks daily Wall Street’s highest-rated and best-performing research analysts and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market takes hold… and Tesla wasn’t on the list.

While Tesla currently has a “Hold” rating among analysts, top analysts believe these five stocks are better buys.

View the five stocks here