On Monday, stock markets fought off a weak start to the month of December. The Dow (DJI) lost 427 points to close at 47,289.3. The S&P 500 (IVV) fell by 0.53% to close at 6812.63. Investors have five stocks to watch today, amid the volatility.
Bath & Body Works (BBWI) gained 9% on Monday but is still in a solid downtrend. Every year, Black Friday sales give retail stocks a temporary lift. DOMO Capital Management noted that the firm benefited from Black Friday weekend sales.
Deckers Outdoor (DECK) added 4.53% to close at $92.02. It needs to return to the $100 level to break out of its downtrend. The retailer would benefit shareholders by buying back more shares. In addition, it must achieve a high single-digit percentage topline sales growth.
Moderna (MRNA) lost 7.01% after an FDA official, Vinay Prasad, commented that future approvals of vaccines will face increasingly stringent standards. Shares of other vaccine makers, like Novavax (NVAX), Pfizer (PFE), and BioNTech (BNTX), fell as well.
W.R. Berkley (WRB) dropped by 6.06% to close below $73. The stock trades at a premium, so the risks are high for a correction to below the $67 level.
Sandisk (SNDK) dropped by 5.87% to close at $210.17. The stock joined the S&P 500 (SPY) on November 28. Investors are likely taking profits.
