3 Stocks To Monitor Next Week
3 Stocks to monitor in the next week have been determinted. Those 3 stocks were Tesla, Delta Air and Pfizer.
While shares have rebounded strongly over the past week and some are trading at record highs, investors will be looking for signs in the final week of 2021 whether this rally will continue into the new year.
1. Tesla
Tesla (NASDAQ:TSLA) stock has rebounded strongly over the past week. Shares bounced back above $1,000 after gaining more than 14%.
Musk announced on Twitter last week that he has "nearly finished" the sale of shares in Tesla. Musk, the richest person in the world, has sold $ 15.4 billion worth of shares so far. The purpose of these sales is to raise funds to pay taxes on the $10 billion that will come from the options Musk is expected to exercise.
Tesla shares closed Thursday at $1,067 after last week's rally that took the company's 2021 earnings to almost 50%.
2. Delta Air
With the chaos caused by Omicron's rapid global spread, airline companies are closing the year under pressure once again.
Delta Air Lines (NYSE:NYSE:DAL) and other airlines announced on Thursday that they've canceled dozens of flights ahead of Christmas and about 1,000 more will be canceled over New Year's Day due to increased employee cases. Shares of Delta Air, the US's most valuable airline, fell 25% from their 52-week high. The stock closed Thursday at $39.30. Along with the impact from the pandemic, there are some other factors that will continue to put pressure on airlines in the coming year. The biggest of these is high fuel costs, which threatens companies' profits in the current quarter and beyond.
3. Pfizer
Among the major healthcare stocks, Pfizer (NYSE:PFE) ends 2021 with a strong performance.
The US announced in November that it had ordered 10 million Pfizer drugs for approximately $5.3 billion, the equivalent of $530 per treatment. Pfizer shares, which have gained almost 60% this year, closed Thursday at $58.71.
Source: Investing.com