American stocks held steady this week as investors anticipated more Federal Reserve interest rate cuts and friendlier regulations by the incoming Trump administration. The Dow Jones index jumped to $44,200, while the S&P 500 index is hovering near the key resistance point at $6,000. Here are some of our top stock picks.
MicroStrategy stock | MSTR
Background
MicroStrategy has grown from a small IT company into a juggernaut worth over $80 billion. This growth happened after the management embraced a Bitcoin-first approach by acquiring over 252,000 coins, currently valued at over $24 billion.
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Summary
MicroStrategy stock price has jumped to a record high, helped by the soaring Bitcoin prices and anticipation that the Trump administration will be friendly for the crypto industry. Bitcoin jumped to almost $100,000 on Friday, and analysts anticipate that the trend will continue in the coming months. This explains why the MSTR stock price has more than doubled in the past few weeks.Â
Review date: 6th November
Hype change: 95%
Price change: 90%
Sentiment: POSITIVE
Decker’s Outdoors | DECK
Background
Decker’s Outdoors is a top American retailer that focuses on outdoor clothes and accessories through its top brands like UGC, HOKA, and Teva. The company operates its business through its hundreds of stores in the US and other countries.
Summary
Decker’s Outdoors shares have been firing on all cylinders after the company published strong financial results. Its sales jumped by 20% in the third quarter to $1.3 billion, helped by its UCG and HOKA brands. As a result, analysts upgraded the company citing its strong positioning in the retail industry and strong demand in the outdoor space.Â
Review date: 4th November
Hype change: 79%
Price change: 21%
Sentiment: POSITIVE
Humana | HUM
Background
Humana is one of the biggest insurance companies in the United States with over $115 billion in annual revenues. It has over 67,000 employees and serves millions of Americans. Its top services include Medicare Advantage and Medicaid.
Summary
Humana and other health insurance companies like UnitedHealth, Elevance Health, and Cigna have done well after the published strong results. Most importantly, they have also soared after Donald Trump won the election, a move that will usher more friendly regulations in the industry. For example, Trump appointed Dr. Oz, a key ally to lead the Medicare Department.
Humana also published strong financial results that showed that its revenue came in at $29.39 billion. While this was a drop from the same period in 2023, it was higher than what analysts were expecting. The other notable news was a decision by Cigna to announce that it will not pursue a deal to merge with Humana.
Review date: 31st October
Hype change: 143%
Price change: 11.65%
Sentiment: POSITIVE
Charles Schwab
Background
Charles Schwab is a major American company that offers banking, brokerage, and wealth management solutions. It is best known for its discount brokerage, where it lets people buy shares and other assets.
Its business model is different from other banks because it does not lend money to customers. Instead, it invests deposits in low-cost government bonds. The past few years have been difficult for the company as competition jumped and interest rates rose.Â
Summary
Charles Schwab stock jumped as interest rates started falling and its turnaround efforts accelerated. It also published strong financial results for the third quarter that showed that its turnaround efforts were working. Its revenue rose to $4.8 billion while analysts raised their estimates for the company since it has survived the high rates environment.
Review date: 16th October
Hype change: 149%
Price change: 13.3%
Sentiment: POSITIVE
Robinhood | HOOD
Background
Robinhood is a technology company that has changed the financial services in the US by introducing a commission-free approach for people to buy and sell stocks. Its strategy forced other companies like Schwab and TD Ameritrade to shift to a commission-free approach. Today, Robinhood has over 11 million customers in the US and is continuing to grow its business in other countries.
Summary
Robinhood stock price jumped because of the growing engagement of its platform as stocks and cryptocurrencies continued soaring. The crypto division is notable because it is one of its fastest-growing segments, especially now that Bitcoin has jumped to a record high. It also reported strong results, which showed that its assets under custody jumped to $152 billion.
Review date: 14th November
Hype change: 120%
Price change: 9.3%
Sentiment: POSITIVE
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