Kenvue (KVUE), a supplier of skin, healthcare, and beauty products, is a stock to consider buying. Starboard Value, an activist investor, is pressuring the company to sell its troubled businesses.
Starboard thinks that a partial divestiture would strengthen the overall business. For example, the firm probably thinks Kenvue should focus its investments in the Skin, Health, and Beauty sectors.
In the magnificent 7 list and artificial intelligence segment, Nvidia (NVDA) closed at a record high of $143.71. In addition to strong demand for its updated AI server, the company will likely announce the PC gaming GPU at CES 2025. Fans expect Nvidia to introduce a new 5090 graphics card that has faster GDDR7 memory.
NVDA is a stock to hold.
In the aerospace sector, Boeing (BA) announced a tentative deal with its trade union over the weekend. The firm agreed to pay its unionized workers a 35% wage hike over four years. This is higher than the 25% initially offered. The cost increase is not sustainable. Avoid BA stock.
In the medicare sector, avoid Cigna (CI). The stock closed below $325, a support price established in June.
Lennar (LEN), a homebuilder, is a stock to reduce. The stock is at risk of falling below $175 after markets speculate that lower mortgage rates will not increase home demand.