💰 Stocks to Watch Today? (3 Dec)

A black and white photo of a building in new york city

With the market approaching key levels after a strong November, investors are keeping a close eye on several critical movements:

A heat map of major indices to highlight market sentiment.

1. Market Sentiment & Key News

   The S&P 500 $.SPX(.SPX)$ has shown signs of consolidating after recent highs. Analysts are debating if the next leg is a Santa Rally or a pullback. Fed Watch: Expectations surrounding interest rate decisions are influencing bond and equity markets. A dovish tone could fuel further gains. Sector Watch: Energy and Tech sectors have shown volatility; notable news on OPEC+ meetings and AI developments are expected today.

2. Stocks Worth Watching

   $Apple(AAPL)$ : Expected to announce a major product innovation this month. Could it boost tech sentiment? $Tesla Motors(TSLA)$ : After a volatile week, investors are eyeing Tesla's EV sales update for December. $Energy Select Sector SPDR Fund(XLE)$ : Energy stocks could react to OPEC+ decisions today. Volatility is expected in energy names like Exxon and Chevron.

3. Trading Opportunities Short

   -term Bulls: Look for strong earnings guidance or upgraded outlooks from key sectors. Bearish Outlook: High valuations and interest rate fears may create short opportunities in overbought sectors.

A chart of the S&P 500's recent performance showing key resistance levels

🔔 Your Plans?

Do you plan to ride the market momentum or stay cautious? Share your strategies below!