Money

Stocks to watch for the week of December 10, 2024


As we move into mid-December, market dynamics remain influenced by recent political developments, technological innovations, and shifting economic conditions.

Here are some key stocks to monitor this week:

1. Tesla Inc. (NASDAQ: TSLA)

Tesla continues to dominate attention following its stock surge after the U.S. election. CEO Elon Musk’s close ties with the administration may influence policies that benefit Tesla’s growth in autonomous vehicles and renewable energy.

However, challenges such as growing competition from global EV makers like BYD and policy uncertainties regarding EV tax credits could introduce volatility​.

2. Salesforce (NYSE: CRM)

Salesforce remains in the spotlight due to its significant push into generative AI with its new tool, Agentforce.

As adoption of AI-driven solutions accelerates across industries, Salesforce’s earnings report this week will provide insights into its growth trajectory in this area. Investors are closely watching how well the company capitalizes on AI monetization​.

3. MicroStrategy (NASDAQ: MSTR)

This Bitcoin-heavy software company is benefiting from a renewed surge in cryptocurrency prices, driven by favorable political sentiment and increasing institutional adoption of Bitcoin.

MicroStrategy’s strong correlation with Bitcoin’s value makes it a high-risk, high-reward stock for traders seeking exposure to crypto.

4. Honeywell International (NASDAQ: HON)

Honeywell has gained momentum after activist investor Elliott Management disclosed a significant stake, pushing for a potential split of its aviation and automation segments.

With ongoing restructuring and spin-off plans, Honeywell could present long-term growth opportunities for investors focused on industrial innovation​.

5. Oracle Corp. (NYSE: ORCL)

Oracle’s strong performance in cloud computing and AI infrastructure makes it a critical player in the technology sector.

Its multi-year growth potential, particularly in networking and data management for AI, has caught the attention of major investment funds. This week’s developments could further solidify its position as a top technology stock​.

Economic and Market Context:

Investors are also keeping a close eye on broader economic indicators, including the Federal Reserve’s upcoming interest rate decision on December 18.

Market optimism remains high, fueled by expectations of tax reforms and deregulation under the new U.S. administration, but potential rate adjustments could introduce new challenges​.

This mix of established tech giants, innovators in AI and crypto, and industrial leaders provides diverse opportunities for investors looking to navigate a dynamic market landscape.

Also Read

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