Trading nearly 33% below its 52-week high, Pinterest (PINS) is today’s stock to watch. The firm continues to take steps to increase shopper engagement. More monthly active users are becoming weekly active users. As the firm lowers expenses and increases revenue, margins will increase.
Optical networking firm Ciena (CIEN) will open at close to its 52-week high. Citigroup analysts upgraded the stock to a buy and set a $68 price target. CIEN stock closed at $61.63. Analysts are bullish on Ciena’s opportunities to benefit from the AI boom. In this sector, investors may consider Coherent (COHR) and Arista Networks (ANET).
Cloudflare (NET) continued its uptrend after unveiling a new AI audit tool. This will give site owners a way to automatically control AI-enabled bots on the site. As a result, it would strengthen the quality of online information.
Watch credit card stocks like Visa (V), and Mastercard (MA), and issuers like Capital One Financial (COF) and Synchrony Financial (SYF). Former President Trump suggested a cap on credit card interest rates. In a campaign speech, the 10% interest rate cap would shake up the industry.
Unfortunately, if the government forced credit card firms to cut the standard 19.99% rate, they would find another way to charge fees to cardholders.
On the stock chart, Visa shares have a multiple top bear pattern at $290. If it drops, get ready to scoop up this stock at a lower price.
