Why These Stocks Are Trending Pre-Market on Friday

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Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
 

•  03 Jan 2025
 

Variety of stocks are drawing significant attention in the pre-market due to impactful news and developments. Here's a closer look at the companies making waves and the underlying drivers of their current buzz.

Las Vegas Sands ($LVS) has caught the spotlight following an upgrade from Jefferies, which now rates the stock as a buy with a projected upside of over 35%. The rationale behind this bullish outlook stems from the Chinese government’s renewed push to stimulate its economy. As a dominant player in the Macau gaming market, Las Vegas Sands is positioned to benefit from increased tourism and discretionary spending in the region. Investors should also note the upcoming Q4 2024 earnings report, which is expected to show modest profit growth. This combination of positive macroeconomic catalysts and steady financial performance makes $LVS a compelling watch for those considering exposure to consumer discretionary stocks tied to international growth.

Dollar General ($DG) is attempting a turnaround with its announcement of same-day delivery services. This move is seen as a pivotal strategy to combat declining performance, as the stock has lost over 40% of its value in the past year. While expanding store count has not yielded the desired results, integrating same-day delivery could modernize its operations and align with consumer preferences for convenience. However, given its steep decline, $DG remains a high-risk proposition. Investors may want to wait for evidence of sustainable execution before committing capital.

Dentsply Sirona ($XRAY) faces legal headwinds as class action lawsuits are filed against the company for alleged securities law violations. While litigation can weigh on stock sentiment, it’s crucial to evaluate the company's financial health and operational performance to determine its ability to weather potential penalties or settlements. The ongoing legal issues may deter risk-averse investors, but opportunistic traders could monitor for signs of overreaction in the stock price.

Daily Journal Corp ($DJCO) has gained attention after being highlighted in Validea’s Peter Lynch Strategy Upgrade Report. This recognition underscores the company’s attractive valuation metrics and strong balance sheet. While $DJCO is not a widely-followed stock, its adherence to sound financial principles could appeal to long-term value investors seeking niche opportunities in the market.

Tempur Sealy ($TPX) and Home Depot ($HD) both featured prominently in a Zacks Industry Outlook report, which emphasized strength in the home goods sector. As consumer spending in this category shows resilience, $TPX stands to benefit from its premium product offerings, while $HD’s expansive reach in home improvement solidifies its leadership in the industry. For investors, these stocks could provide steady returns, especially if macroeconomic conditions continue to support housing and renovation trends.

Five9 ($FIVN) is under scrutiny following a class action lawsuit alleging securities fraud. Similar to $XRAY, the outcome of this legal action could impact shareholder confidence. However, Five9’s inclusion in Zacks Analyst Blog as a notable player in the technology sector suggests there may be underlying strength in its business. Investors should weigh the potential liabilities against its growth trajectory in the cloud communications space.

Dutch Bros ($BROS) is tapping into consumer novelty with its new cereal-inspired drinks, available at over 950 locations. This innovative marketing approach could drive short-term sales momentum, particularly among younger demographics seeking unique dining experiences. While the stock may not appeal to traditional growth investors, traders looking for consumer-driven catalysts may find $BROS intriguing.

Cassava Sciences ($SAVA) is embroiled in another securities fraud lawsuit, amplifying concerns about the company’s governance and credibility. With multiple legal battles ongoing, $SAVA’s risk profile remains elevated. Investors should approach cautiously, as the stock’s volatility may overshadow its potential scientific advancements.