Monday’s pre-market started with a sharp rise in WTI crude prices. After Trump pushed back the 48-hour threat to attack Iran’s energy grid to five days, oil prices plunged. That sent the Dow Jones (DJI), S&P 500 (SPY), and Nasdaq (QQQ) up. Despite the meaningful end-of-day selling, investors are guarded. Any rally is prone to profit-taking. Investors have five stocks to watch today.
Albemarle (ALB) is trading in a tight trading range in the $160-$165 range. The firm filed a mixed shelf offering on March 17. The strong stock performance suggests that the market will receive the sale well.
Smurfit Westrock (SW) is trying to break out of its downtrend. Shares fell from $52.65 to $32.73 in the last month. Despite forecasting $7 billion in EBITDA by 2030 in its last report, sellers dumped the stock since Feb. 16.
In the beauty space, Estee Lauder (EL) might recover from Monday’s 7.72% decline. Shares are trading at lows not seen since last June. Markets are avoiding companies that sell cosmetic and luxury goods.
Fair Isaac (FICO) lost 5.7%, continuing its drop. Senator Hawley (R-MO) started an investigation into the firm’s FICO credit scoring price increase.
Centene (CNC) risks re-testing $30.00 in the coming weeks. The managed care sector is out of favor. The Affordable Care Act is a headwind as customers do not renew their subscription this year.
