Watchlist is a weekly piece i do on stocks (and occasionally other assets) i will be keeping an eye on in the upcoming trading week. It is not a Buy/Sell/Hold recommendation. 

Transcorp Power 

Transcorp Power takes the first spot as it will hold a board meeting on  Tuesday, January 21, 2025, to consider the company’s audited FY 2024 financials and a dividend proposal. All things being equal, the audited numbers should be out within the week. 

US equities 

Donald Trump will tomorrow be sworn in as President of the United States. I expect a volatile trading week, as he settles in. 

Bitcoin

Some may argue DJT’s actions have been priced in already for cryptocurrencies. Solana and Trumpcoin’s recent rally prove otherwise. Solana is up nearly 15% in the last 24 hours. The trump meme coin is up by over 200%.

We could see any of these coins (especially bitcoin) hit a new high this week.

3M, Charles Schwab, Netflix

The trio will be dropping their earnings on Tuesday. I will be keeping an eye on Netflix for insight on how their live sports events have impacted signups. 

Haliburton, Ally, P&G

The three firms will drop earnings on Wednesday. My focus is on Ally. The auto lender will have insight into consumer spending. 

American Airlines 

American Airlines is one of the biggest airlines in the US. For a very consumer driven economy, airlines can feel the pulse of consumer spending. 

Verizon, American express

The duo will drop their earnings on Friday. My focus will be on Amex as management will have insight into consumer spending. Has it slowed? Or is it robust? 

Abbey Mortgage Bank 

Abbey will be holding an Extra-Ordinary General Meeting (EGM) this Friday. Agenda is to obtain shareholder approval to increase and allot the issued share capital of the company for the purpose of raising additional capital and meeting the new capital requirements of the Central Bank of Nigeria for a regional commercial bank.

D3 firms (Dangote Sugar, Dangote Cement, NASCON)

Aside being some of the biggest stocks by market cap, the trio appeared in the top gainers and losers for the week. Dangote Sugar and NASCON gained while Dangote Cement dropped. More importantly for the cement firm, the thin volumes went up a bit. 

John Holt

John Holt dropped its audited results which show a marked increase in profit due to a cash infusion from the parent company. Traders could decide to take a position in expectation of temporary upside.