Park Hotels & Resorts (PK)
Entry: Unlock
Price target: 16.50-17.00
Second PT: Unlock
Analysis done on hourly timeframe. Park Hotels & Resorts is an attractive real estate investment trust with a fairly affordable stock price. The trust owns and operates hotels and resorts, with a portfolio that includes the Waldorf Astoria, Conrad and Hilton Hotels & Resort. It has had challenging history on the stock market since going public in 2016, never living up to investors’ expectations in stock returns, but it has outshined others with its hefty dividend yield. The company pays its investors a yield of 6.12%, making it a great choice for the savvy dividend portfolio.
It’s also worth noting that as interest rates decline, an REIT like PK is bound to benefit, as that would lower their borrowing costs and improve cost of capital. Now that PK has spent a few years on the public market, this may be its time to shine in a better monetary policy environment.
For the majority of the past four months, PK has been building a base around the 13.00-15.00 range, with buyers buying every dip to and below 13.50. With their strong fundamentals, attractive dividend, and falling interest rates all considered, this base is likely a bullish one. The probability of this stock seeing an upside move from here are high, hence why it earned a spot on our watchlist.
GE Healthcare Technologies (GEHC)
Entry: Unlock
Price target: 98.00-101.00
Second PT: Unlock
Analysis done on daily timeframe. Advancement in medical technology is at the forefront of today’s era, especially as artificial intelligence and machine learning capabilities grow. While many companies exist in the field today, many are still young and in development phase. This is what GE Healthcare Technologies an attractive names in the space. Their company roots back to General Electric, which has been around for more than a century. The company spun off and incorporated on their own in 2022, and have since delivered steady earnings.
At a market cap of $39B and annual revenue of $20B, they are an attractive buy at this price point. Their price to earnings ratio is above the 15-25 range at 29x, which is considered expensive, but GEHC is set to post their strongest quarterly earnings in Q4, which should alleviate the P/E ratio. GE Healthcare Tech is an investment for those looking to take a longer term position in an established and innovative company. It is not a growth stock, so the returns may be modest for the short term, but their efforts to provide advanced medical technology may pay off and put them back in a high growth phase.
Accenture (ACN)
Entry: Unlock
Price target: 385.00-395.00
Second PT Unlock
Analysis done on daily timeframe. Accenture is a global professional services firm that helps organizations build digital foundations, streamline operations, grow revenue, and improve services. Combining cloud, data, and AI expertise with industry insights, Accenture delivers impactful results at scale. The company has become a global partner to names such as Amazon (AWS), Dell, Google, Microsoft, and many more reputable names. Its strong involvement in the industry has grown its revenue to $65B annually, which has grown steadily from $45B just a few years ago.
Despite their notable fundamental performance, the stock has struggled to gain a real rally in the past three years. Its investors have been on a wild ride, with the stock swinging to highs near $400.00 and lows around $240.00. The company is still struggling to regain the strength to move back to its 2022 highs, but new bullish momentum in the market may finally bring enough volume to this growing name.
On its technicals, ACN has retested its 50 day moving average three times in the past few months. Although it broke it last time, buyers quickly moved in and bought the stock back up above it. The 50 DMA is a key level that Wall Street watches to gauge whether a stock is in a bullish or bearish trend. Now that ACN is back above it, and combined with their strong fundamental performance, we’re looking for a continuation from here back to their 2024 highs.
You've reached the end of our complimentary public watchlist. Unlock for the full list by becoming a member of our Hyper Stocks community. Click here for more information.
You've reached the end of our complimentary public watchlist. Unlock for the full list by becoming a member of our Hyper Stocks community. Click here for more information.
You've reached the end of our complimentary public watchlist. Unlock for the full list by becoming a member of our Hyper Stocks community. Click here for more information.
You've reached the end of our complimentary public watchlist. Unlock for the full list by becoming a member of our Hyper Stocks community. Click here for more information.
You've reached the end of our complimentary public watchlist. Unlock for the full list by becoming a member of our Hyper Stocks community. Click here for more information.
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The stocks posted above are the preliminary stocks and set ups we’ll be watching this week. All price points are subject to change based on market performance and sector health. Please do your own research and analysis on these companies/charts before taking on any set ups. Trade at your own risk and as always, good luck! Let’s have a fantastic week.