The stock market is a dynamic entity, constantly changing and offering new opportunities for investors. Based on the news from 24th July 2023, we have identified several large-cap US stocks that have been in the spotlight and could present potential investment opportunities.
Buy Recommendations:
- Nio: The stock price of Nio was racing higher on 24th July 2023. The exact reason for this surge is not specified, but it’s likely due to positive market sentiment towards the company.
- Autoliv (ALV): Shares of Autoliv, a global provider of automotive safety systems, jumped as much as 11.3% on 24th July 2023. The company announced record quarterly sales with its second-quarter results, which likely led to the surge in the stock price.
Hold Recommendations:
- Capital One Financial (COF): There doesn’t seem to be any significant news on 24th July 2023 that could impact the stock price of Capital One Financial (COF). The company pays an annual dividend of $2.40 per share and currently has a dividend yield of 2.08%. The dividend payout ratio is at a healthy, sustainable level, below 75%.
- CME Group (CME): CME Group is slated to report second-quarter 2023 earnings on July 26, before the market opens. As this news is related to an upcoming event, it’s hard to determine its impact on the stock price on 24th July 2023.
- Amazon (AMZN): There’s a discussion on whether Amazon or Walmart is a better stock to buy now. However, there’s no specific news on 24th July 2023 that could significantly impact Amazon’s stock price.
Sell Recommendations:
- Lakeland Financial Corporation (LKFN): Lakeland Financial Corporation reported second-quarter 2023 earnings of $0.57 per share, which missed the Zacks Consensus. This could potentially lead to a negative impact on the stock price.
Please note that these are suggestions based on the news and market sentiment on 24th July 2023. Always do your own research and consider your financial situation and risk tolerance before investing.