Stock Hotlist for the Week of March 8th

Since the coronavirus bear market, stocks rebounded powerfully. The strong action reflects rising confidence that the economy will eventually recover from the coronavirus. However the current rally came to an end when the major indexes all dipped below their 50-day moving averages. The stock market is now in a correction. The major indexes rebounded on Friday, but that’s only day one of a rally attempt.

Now is the time to prepare for the next market uptrend by building a watch list. This puts you in a good position to make money when the market bounces back once more. To help cut out some of the legwork, our research team has three excellent recommendations for stocks you need to have on your radar next week. 

Wouldn’t it be awesome to travel and do some normal vacation things again? Well, Las Vegas Sands Corp. (LVS) owns high-class resorts and casinos that people are craving to visit now that things are starting to open up.

LVS doesn’t just own resorts, though … It owns casinos. 

Gambling has gone mainstream in the pandemic … especially sports gambling. A decade ago, gambling was seen as a shady activity. Now it seems like everyone’s doing it. It’s more normalized. 

The firm recently announced that it has entered into definitive agreements to sell its Las Vegas real property and operations, including The Venetian Resort Las Vegas and the Sands Expo and Convention Center (collectively, “The Venetian”) for an aggregate purchase price of approximately $6.25 billion.  The move is part of a strategic reinvestment plan to boost revenues and shareholder returns.  

“This company is focused on growth, and we see meaningful opportunities on a variety of fronts.  Asia remains the backbone of this company and our developments in Macao and Singapore are the center of our attention. We will always look for ways to reinvest in our properties and those communities.  There are also potential development opportunities domestically, where we believe significant capital investment will provide a substantial benefit to those jurisdictions while also producing very strong returns for the company,”  said Las Vegas Sands Chairman and Chief Executive Officer Robert Goldstein.

“Our long-held strategy of reinvesting in our Asian operations and returning capital to our shareholders will be enhanced through this transaction.  Additionally, as our industry continues to evolve, particularly as it relates to the digital marketplace, we are committed to exploring those possibilities,” said Patrick Dumont , the company’s president and chief operating officer.

Disney (DIS) stock got a boost Friday night after California will allow theme parks to reopen somewhat from April 1. However Disneyland is in Orange County, which currently has too many coronavirus cases under the state’s reopening guidelines. Still, DIS stock signaled a move back above its buy zone late Friday.

Disney earnings have been badly hit by the coronavirus pandemic, but this will improve as economies get back on their feet following broad lockdowns.

Wall Street is expecting full year earnings to fall 7% in 2021, before ramping up to 157% growth in 2022.

The Dow Jones giant showed it is bouncing back after crushing fiscal first-quarter estimates.

The surprise profit came as the number of streaming subscribers jumped. Disney+ subscribers climbed to 94.9 million as of Jan. 2, up 9% from 86.8 million on Dec. 2.

During the pandemic, the streaming service has been a bright spot for Disney stock, and big plans are ahead. The firm has surpassed 60 million Disney+ subscribers worldwide, and 100 million subscribers overall to its streaming offerings. Its brands include Hulu, ESPN+ and Disney+.

Disney CEO Bob Chapek said the new Star-branded streaming service will launch internationally Feb. 23. Star will be a sixth brand within Disney+ in some markets, joining the Disney, Pixar, Star Wars, Marvel and National Geographic brands. But it will feature edgier content from properties like FX and 21st Century.

At an investor day on Dec. 11, management said there are more than 100 titles in the works for Disney+. And Chapek said the company expects to have 230 million to 260 million Disney+ subscribers by 2024. That’s up from its prior estimate of 60 million to 90 million for the same time frame.

As coronavirus vaccinations pick up and the pandemic fades, Disney should see better revenue from theme parks and movies.

Ford (F) stock has more than tripled from its 52-week lows. Ford stock has been bolstered by the firm taking a more aggressive stance on investments in electric vehicles and other technology.

Spending in electric and autonomous vehicles will total $29 billion through 2025, more than double prior guidance of $11.5 billion. Of the $29 billion, Ford will spend $22 billion on EVs and $7 billion on autonomy.

The bigger amount even outpaces the $27 billion commitment from rival GM, which had already hiked it from $20 billion.

“We are accelerating all our plans – breaking constraints, increasing battery capacity, improving costs and getting more electric vehicles into our product cycle plan,” CEO Jim Farley said when the firm posted earnings in February.

Should you invest in Disney right now?

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But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.

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