Watchlist is a list of stocks i will be paying close attention to across the NGX and US stock markets for various reasons in the coming trading week. Such as price movement or corporate actions. 

It is not a buy/sell/hold recommendation. Or investment advice in any shape or form.

Should you have any questions, please feel free to share. You can drop a comment or send an email to info@greentickertales.com

Golden Guinea

Golden Guinea Breweries takes the first spot in my watchlist. It was the best performing stock last week appreciating by 45.95% to close at N5.40. Having made such a huge jump, probability of pulling back are fairly high.

Fundamentally, there is not much propelling the stock’s movement. An indication, short term players may be rotating in and out of penny stocks.

Lafarge Africa

Lafarge Africa takes the second spot for this week as it continues to advance following the announcement of Holcim selling its stake to Huacin cement. The stock gained 27.59% to close at N74. 

The proposed acquisition price is above N100, indicating the stock may have some room to run. 

Learn Africa

Learn Africa takes the third spot in this week’s watchlist because it was the worst performing stock last week. The stock fell by 11.75% to close at N2.93.

Wema and Fidelity

Wema Bank  and Fidelity have a joint place this week’s watchlist following fairly large trades on Friday.

472 million Wema Bank shares valued at N4.1 billion were traded in 113 deals. 

251 million Fidelity Bank shares valued at N4 billion shares were traded in 222 deals. 

Gamestop,

Gamestop has a place this week as its earnings will be released on Tuesday after trading hours. Thanks to Roaring Kitty, one could either see lots of shorts being squeezed or plain speculation. 

Oracle and Adobe

Oracle and Adobe have a joint place in this week’s watchlist as their most recent quarterly earnings will be released on Monday and Wednesday respectively. Analyst

Broadcom

Broadcom takes the last spot on my watchlist for the week as the company will drop its earnings on Thursday after trading hours.

The company has beat earnings expectations in the last two quarters. If it does same, there could be an uptick in its share price. Year to date, the stock is up by 65%.