Several major stocks are worth watching this week. Boeing is near a buy point after seeing a strong move in its stock price. Viking Holdings is still holding steady in a buy zone, while Construction Partners is hovering near an entry point as it gains momentum. Other notable mentions include Axsome Therapeutics and TJX Cos.
The aerospace manufacturer’s strong performance has caught attention from investors. Boeing is also making headlines due to a deal with India and Saudi Arabia, which could boost its stock price further. Additionally, defense stocks are seeing a bullish move after an executive order and Air Force contract.
In contrast, some defense contractors have seen their shares drop as the Pentagon punishes habitually late contractors. However, these moves seem to be related to specific issues rather than broader market trends. Meanwhile, AI fears continue to weigh on the market, causing some stocks like Dow Jones futures to fall.
Source: https://www.investors.com/news/boeing-buy-zone-stocks-to-watch