Investors continued to express buying interest in space stocks. Rocket Lab (RKLB) joined AST SpaceMobile (ASTS) and Lumen Technologies (LUMN) in the breakout. RKLB stock gained 29% last week and may continue to rise from here.
On Sept. 19, 2024, Rocket Lab aborted its Electron rocket launch. After it assessed the opportunity for the next launch, it did so 48 hours later with success.
Last Thursday, it tested and integrated its second Pioneer spacecraft.
In the e-commerce sector, Amazon (AMZN) is due to return to the $190 level. The stock is stuck in a range despite the firm potentially attracting $1.8 billion in ad-spending commitments. Amazon found a fresh source of ad revenue by placing ads in Prime Video.
Prime subscriptions accounted for $40 billion in revenue last year. It paid around $1 billion for NFL rights, which helped retain those subscriptions.
In the retail drugstore sector, Walgreens Boots (WBA) shares potentially bottomed at $8.25 on Sept. 26. The stock is dirt cheap, trading at a forward P/E of 3.2 times. Although the stock offers a dividend whose yield is 11%, expect Walgreens to slash its dividend.
In August, WBA stock was among the most shorted. The short interest is currently 9.6%.
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